Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 13 – Income Taxes As of September 30, 2026, the Company had aggregate federal net operating loss carry-forwards of $15.5 million available for utilization against taxable income achieved in 2026 and beyond. These net operating loss carry forwards begin to expire in 2026. The Company records net deferred tax assets to the extent that it believes such assets will more likely than not be realized. As a result of cumulative losses due to the noncash charges related to the Board's decision to wind down the Specialty Lending segment and uncertainty with respect to future taxable income, the Company has provided a partial valuation allowance against its net deferred tax assets. During the three months ended June 30, 2026, the Company increased the valuation allowance against its deferred tax assets by $0.3 million and made no changes during the three months ended September 30, 2026, maintaining the valuation allowance against its deferred tax assets of approximately $0.3 million. The Company did not have a valuation allowance as of December 31, 2025. The Company has no net operating loss carry forwards limited under Section 382 of the Internal Revenue Code as of September 30, 2026. The reported income tax benefit varies from the amount that would be provided by applying the statutory U.S. Federal income tax rate to the loss from operations before taxes primarily as a result of the impact of state income taxes. In July 2025, the One Big Beautiful Bill Act (the “OBBB”) was enacted into law, which includes significant tax related provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The Company currently does not expect the OBBB to have a material impact on its annual effective tax rate in 2026. |