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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes
The income tax provision for the years ended December 31, 2025 and 2024 is summarized as follows:
Year Ended December 31,
20252024
Current tax expense:
Federal$— $— 
State— — 
Total current tax expense$— $— 
Deferred tax (benefit) expense:
Federal$(11,725)$(10,493)
State— — 
Valuation allowance11,725 10,493 
Total deferred tax expense$— $— 
Schedule of Deferred Taxes
The components of deferred taxes at December 31, 2025 and 2024 are summarized as follows:
December 31,
20252024
Deferred tax assets:
Federal net operating loss carryforwards$93,958 $72,697 
State net operating loss carryforwards491 491 
Operating lease obligation918 1,426 
Section 174 expenditures19,892 28,445 
R&D tax credit4,714 4,714 
Other1,780 1,676 
Intangible assets, net4,748 5,159 
Total deferred tax assets126,501 114,608 
Less: valuation allowance(125,021)(113,296)
Deferred tax assets, net of valuation allowance1,480 1,312 
Deferred tax liabilities:
Operating lease right of use asset, net728 1,140 
Property and equipment, net752 172 
Total deferred tax liabilities1,480 1,312 
Net deferred tax assets$— $— 
Schedule of Reconciliation of Taxes at Federal Statutory Rate to Provision for Income Taxes
The reconciliation of taxes at the federal statutory rate to the Company’s provision for income taxes for the years ended December 31, 2025 and 2024 is summarized as follows:
Year Ended December 31,
2025
U.S. statutory federal income tax rate$(12,009)21 %
Changes in valuation allowances11,725 (21)%
Non-taxable or non-deductible items:
Section 162(m) limitation615 (1)%
Other non-taxable or non-deductible items(331)%
Effective tax rate$— — %
Year Ended December 31,
2024
Provision at statutory rate of 21%$(10,930)
Other437 
Changes in valuation allowances10,493 
$—