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INCOME TAXES (Tables) | 9 Months Ended
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Sep. 30, 2025
Income Tax Disclosure [Abstract] |
Schedule of Details of Income Tax Provision | The following table details the Company’s income tax provision for the years ended December 31, 2024 and 2023:
| December 31,
| 2024 |  | 2023
Current: |  |  |
Federal | $ | 943 |  |  | $ | — |
State | 1,234 |  |  | 102 |
Total current(A) | $ | 2,177 |  |  | $ | 102 |
__________________ (A)The deferred tax component of the Company’s income tax provision is fully reserved in the valuation allowance.
Schedule of Reconciliation of Income Taxes | The following table is a reconciliation of the income taxes expected at the statutory federal income tax rate and income tax provision (benefit) for the years ended December 31, 2024 and 2023:
| December 31,
| 2024 |  | 2023
Tax at federal statutory rate | 21.0 | % |  | 21.0 | %
State tax, net of federal benefit | 5.8 |  |  | 0.4 |
Permanent items | (5.3) |  |  | — |
Change in valuation allowance | (6.9) |  |  | (0.2) |
Stock compensation | 16.6 |  |  | (2.2) |
Tax credits | (43.0) |  |  | (4.1) |
Return to provision | 18.0 |  |  | (15.1) |
Rate change / state deferred adjustments | (10.8) |  |  | — |
Change in unrecognized tax benefits | 12.9 |  |  | — |
Other | 1.4 |  |  | — |
Total | 9.7 | % |  | (0.2) | %
Schedule of Deferred Tax Assets and Liabilities | The components of the Company's deferred tax assets and liabilities at December 31, 2024 and 2023 are as follows:
| December 31,
| 2024 |  | 2023
Deferred tax assets: |  |  |
Net operating losses | $ | 59,423 |  |  | $ | 63,193 |
Tax credits | 2,897 |  |  | 218 |
Loan sale indemnification reserve | 1,520 |  |  | 615 |
Stock-based compensation | 10,404 |  |  | 5,171 |
Intangible assets | 5,334 |  |  | 1,425 |
Research and development capitalization | 14,726 |  |  | 12,797 |
Lease liabilities | 695 |  |  | 1,396 |
Other | 823 |  |  | 1,085 |
Total deferred tax assets | 95,822 |  |  | 85,900 |
Valuation allowance | (69,608) |  |  | (71,129) |
Net deferred tax assets | 26,214 |  |  | 14,771 |
Deferred tax liabilities: |  |  |
Servicing asset | 22,982 |  |  | 13,517 |
Unrealized gains (losses)(A) | 2,621 |  |  | — |
ROU assets | 611 |  |  | 1,254 |
Total deferred tax liabilities | 26,214 |  |  | 14,771 |
Net deferred tax assets (liabilities) | $ | - |  |  | $ | - |
__________________ (A)Primarily relates to unrealized gains from digital assets held for sale.
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of unrecognized tax benefit is as follows:
| December 31,
| 2024 |  | 2023
Unrecognized tax benefits at beginning of year | $ | 104 |  |  | $ | 104 |
Increases related to current year tax positions | 716 |  |  | — |
Increases related to prior year tax positions | 2,225 |  |  | — |
Unrecognized tax benefits at end of year | $ | 3,045 |  |  | $ | 104 |

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