XML 40 R27.htm IDEA: XBRL DOCUMENT v3.25.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net effect of temporary differences between the financial reporting carrying amounts of assets and liabilities and income tax carrying amounts of assets and liabilities. The components of the Company’s deferred tax assets and liabilities, all of which are long-term, are as follows (in thousands):

 

   2024   2023 
   December 31, 
   2024   2023 
Deferred tax assets:          
Net operating loss carryforwards  $72,648   $74,752 
Tax credit carryforwards   30,629    30,721 
Equipment, furnishings and other   

1,872

    7 
Total deferred tax assets   105,149    105,480 
Deferred tax liabilities   —    — 
Net deferred tax assets   105,149    105,480 
Valuation allowance   (105,149)   (105,480)
Deferred tax assets  $—   $— 
Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from the provision computed by applying the Federal statutory rate to net loss before income taxes as follows (in thousands):

 

   2024   2023 
   Years ended December 31, 
   2024   2023 
Federal benefit at statutory rate  $(334)  $84 
State benefit, net of Federal taxes   (29)   35 
Capitalized R & D   145    — 
Prepaid and accrued expenses   53    — 
Other permanent differences   184    (189)
Provision related to change in valuation allowance        (7)
Federal rate adjustment   —    — 
NQ Options   —    — 
Current year tax credit   —    — 
NOL Adjustments   —    — 
Termination/Cancellation of Equity Compensation Awards   —    — 
Return to provision   (19)   77 
Other, net   —    — 
Provision for Income taxes  $—   $—