v3.26.3
Taxation (Tables)
9 Months Ended
Sep. 30, 2026
Taxation [Abstract]  
Schedule of Significant Components of the Income Taxes Expense

Significant components of the income taxes expense for the nine months ended September 30, 2025 and 2026 are as follows:

 

    Nine months ended
September 30
 
    2025     2026  
             
Current:            
Federal   $ —       18  
State and local     49       10  
Foreign     —       —  
Total current portion of income tax expense     49       28  
Deferred:                
Federal   $ —       —  
State and local     —       —  
Foreign     —       —  
Total deferred portion of income tax expense     —       —  
                 
Total income tax expense   $ 49     $ 28  
Schedule of Reconciliation between Federal Statutory Tax Rate and the Company's Effective Income Tax Rate

The following is a reconciliation of the differences between the U.S. federal statutory income tax rate and the Company’s effective income tax rate for the nine months ended September 30, 2025 and 2026:

 

    Nine months ended
September 30,
 
    2025     2026  
             
Statutory federal income tax rate     21.0 %     21.0 %
States taxes, net of federal benefit     — %     (0.4 )%
Foreign income taxed at different rates     5.7 %     (14.0 )%
Nondeductible permanent items     — %     (1.2 )%
Return-to-provision adjustment     0.1 %     (6.0 )%
Changes in valuation allowance     (25.4 )%     (8.0 )%
Tax Credits     (1.3 )%     2.5 %
Effect of tax amendment     — %     — %
Tax Provision     0.1 %     (6.1 )%