Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes

Schedule of (loss) income before income taxes

	Year Ended December 31,
	2024			2023
	(in thousands)
United States	$	(102,253	)	$	(71,845	)
Foreign		547			331
Total	$	(101,706	)	$	(71,514	)

Schedule of benefit (provision) for income taxes

	Year Ended December 31,
	2024			2023
	(in thousands)
Benefit (Provision) for income taxes:
Current:
Federal	$	—		$	—
State		—			(21	)
Foreign		(173	)		(122	)
Total current	$	(173	)	$	(143	)
Deferred:
Federal		—			—
State		—			—
Foreign		—			(78	)
Total deferred	$	—		$	(78	)
Benefit (provision) for income taxes:	$	(173	)	$	(221	)

Schedule of federal statutory income tax rate

	Year Ended December 31,
	2024			2023
Income Tax Expense at Federal Statutory Rate		21.00	%		21.00	%
Permanent items		(9.53)	%		(1.23)	%
State taxes, net of federal tax effect		2.83	%		5.49	%
Change in Valuation Allowance		(11.70)	%		(45.30)	%
Other permanent differences		0.02	%		3.84	%
Rate change		(2.79)	%		15.90	%
Effective income tax rate		(0.17)	%		(0.30	)

Schedule of deferred tax assets and liabilities

	Year Ended December 31,
	2024			2023
	(in thousands)
Deferred tax assets, net
Net operating loss carryforwards	$	50,167		$	35,260
Stock Compensation		1,148			1,235
Basis in underlying investments		76,913			82,279
Section 163(j) interest limitation		5,905			3,606
Other Deferred Balances		274			260
Gross deferred tax assets	$	134,407		$	122,640
Valuation allowance		(133,165	)		(121,269	)
Deferred tax assets, net of valuation allowance	$	1,242		$	1,371
Deferred tax liabilities
Intangibles		(1,242	)		(1,371	)
Total deferred tax liabilities	$	(1,242	)	$	(1,371	)
Total net deferred tax (liability) asset	$	—		$	—