Income Taxes

3 Months Ended

Mar. 31, 2026

Income Taxes [Abstract]

Income Taxes

11. Income Taxes

For the three months ended March 31, 2026 and 2025, the Company recorded no income tax expense.. The effective tax rate is 0% for the three months ended March 31, 2026 and 2025.

For financial reporting purposes, the Company’s effective tax rate used for the interim periods is based on the estimated full-year income tax rate. For the three months ended March 31, 2026, the Company’s effective tax rate differs from the statutory rate, primarily due to a valuation allowance recorded against the net deferred tax asset balance. Currently, the Company is not under examination by any taxing authority.