Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the income tax benefit calculated at the U.S. federal statutory rate to the recognized income tax benefit and effective income tax rate is as follows (in thousands, except percentages):

	As of December 31, 2025
	Amount			Percent
Income tax benefit at the U.S. federal statutory rate	$	(7,302	)		21.0	%
State income taxes, net of federal income tax effect		—			0.0	%
Foreign tax effects
Australia
Statutory tax rate difference between Australia and U.S.		(31	)		0.1	%
Change in valuation allowance		22			-0.1	%
Other		85			-0.2	%
Effect of changes in tax laws or rates enacted in the current period		—			0.0	%
Effect of cross border tax laws		(76	)		0.2	%
Tax credits		—			0.0	%
Change in valuation allowance		7,278			-20.9	%
Non taxable or non deductible items
Other non-taxable income & disallowed expenses		173			-0.5	%
Other		(149	)		0.4	%
Changes in unrecognized tax benefits		—			0.0	%
Income tax benefit	$	—			0.0	%

	As of December 31, 2024
Expected federal income tax benefit at statutory rate	$	(5,356	)
Disallowed R&D expenses		3
Non-taxable R&D rebate		—
Other permanent items		235
Return to provision		57
Stock-based compensation		246
Foreign rate differential		(76	)
Other		21
Effect of change in valuation allowance		4,870
Income tax benefit	$	—

Schedule of Deferred Tax Assets and Liabilities

The following table summarizes the significant components of the Company's deferred tax assets and liabilities (in thousands):

	As of December 31,
	2025			2024
Deferred tax assets
Accrued bonus	$	143		$	274
Accrued vacation		45			47
Stock-based compensation		4,887			4,265
Capitalized R&D expenses		300			7,825
Rebate reserve		153			220
Intangible assets, net		113			181
Investment in equity securities		987			987
Net operating loss carryforwards		30,091			15,716
Other		98			48
Total gross deferred tax asset		36,817			29,563
Valuation allowance		(36,817	)		(29,516	)
Net deferred tax assets		—			47
Deferred tax liabilities
Bonus compensation		—			(47	)
Net deferred tax assets	$	—		$	—