Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense computed at the statutory federal income tax rate to income taxes reflected in the consolidated financial statements is as follows (amounts in thousands):


		Year Ended December 31,
		2025								2024
		Amount				Rate				Amount				Rate
Income tax computed at federal statutory tax rate		$	(6,070	)			21.0	%		$	(19,614	)			21.0	%
Tax credits:
Research credits			—				—	%			(2,647	)			2.8	%
Nontaxable nondeductible items:
Stock compensation			2,722				(9.4	)%			202				(0.2	)%
162 (m) compensation limit			(2,349	)			8.1	%			946				(1.0	)%
Other			69				(0.2	)%			72				(0.1	)%
Other adjustments			—				—	%			862				(0.9	)%
Changes in valuation allowances			5,631				(19.5	)%			19,171				(20.5	)%
Domestic state and local taxes, net of federal effect			8				—	%			1,047				(1.1	)%
Total		$	11				—	%		$	39				—	%

Schedule of Deferred Tax Assets and Liabilities

Net deferred tax assets as of December 31, 2025 and 2024 consist of the following (in thousands):


	December 31,
	2025				2024
Deferred tax assets:
Net operating loss carryforwards	$	73,309			$	41,333
Research and development credits		7,975				7,975
Stock-based compensation		1,122				1,062
Operating lease liabilities		7,989				9,184
Capitalized research & experimental expenditures		825				24,975
Deferred revenue		3,132				3,234
Other		467				785
Total gross deferred tax assets		94,819				88,548
Less: valuation allowance		(91,767	)			(84,810	)
Total deferred tax assets		3,052				3,738
Deferred tax liabilities:
Operating lease right-of-use assets		(3,052	)			(3,738	)
Total deferred tax liabilities		(3,052	)			(3,738	)
Net deferred taxes	$	—			$	—