XML 47 R33.htm IDEA: XBRL DOCUMENT
v3.26.1

Income Taxes (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2026 | Dec. 31, 2025
Income Tax Disclosure [Abstract] |  |
Schedule of Loss Before Provision Income Taxes |  | Loss before provision for income taxes, includes the components for the years ended December 31, 2025 and 2024, as follows (in thousands):
|  | 2025 |  |  | 2024 |
Domestic |  | $ | (34,058 | ) |  | $ | (35,548 | )
Foreign |  |  | (2,363 | ) |  |  | (4,085 | )
Loss before provision for income taxes |  | $ | (36,421 | ) |  | $ | (39,633 | )
Schedule of Provision for Income Taxes |  | For the years ended December 31, 2025 and 2024, the provision for income taxes consisted of the following (in thousands):
|  | 2025 |  |  | 2024 |
Current: |  |  |  |  |  |  |  |
Federal |  |  | — |  |  |  | — |
State |  |  | — |  |  |  | — |
Foreign |  |  | 40 |  |  |  | 28 |
Total current income tax expense |  |  | 40 |  |  |  | 28 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | — |  |  |  | — |
State |  |  | — |  |  |  | — |
Foreign |  |  | — |  |  |  | — |
Total deferred income tax expense |  |  | — |  |  |  | — |
Provision for income taxes |  |  | 40 |  |  |  | 28 |
Components of the Deferred Tax Assets and Liabilities |  | Deferred Tax Assets The components of the deferred tax assets and liabilities at December 31, 2025 and 2024, are as follows (in thousands):
|  | 2025 |  |  | 2024 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 47,207 |  |  | $ | 37,760 |
Depreciable assets |  |  | 119 |  |  |  | 223 |
Intangible assets |  |  | 1,046 |  |  |  | 843 |
Research and development capitalization |  |  | 14,050 |  |  |  | 17,883 |
Inventory allowance |  |  | 3,128 |  |  |  | 3,675 |
Accrued liabilities and other |  |  | 3,196 |  |  |  | 1,787 |
Uniform capitalization |  |  | 303 |  |  |  | 304 |
Sales return allowance |  |  | 203 |  |  |  | 204 |
Warrants |  |  | 407 |  |  |  | 1,019 |
Total deferred tax assets |  |  | 69,659 |  |  |  | 63,698 |
Less: valuation allowance |  |  | (69,659 | ) |  |  | (63,698 | )
Net deferred tax assets |  |  | — |  |  |  | — |
Schedule of Provision for Income Taxes and Effective Tax Rates | The following table presents the provision for income taxes and the effective tax rates for the three months ended March 31, 2026 and 2025 (in thousands):
|  | Three months ended March 31, |
|  | 2026 |  |  | 2025 |
Loss before income taxes |  | $ | (10,168 | ) |  | $ | (8,280 | )
Income tax expense |  |  | (3 | ) |  |  | (4 | )
Effective tax rate |  |  | 0.0 | % |  |  | 0.0 | %
| The following table presents the provision for income taxes and the effective tax rates for the years ended December 31, 2025 and 2024 (in thousands):
|  | 2025 |  |  | 2024 |
Net income before income taxes |  |  | (36,421 | ) |  |  |  |  |  |  | (39,633 | ) |  |  |  |
U.S. Federal benefit |  | $ | (7,649 | ) |  |  | 21.0 | % |  | $ | (8,323 | ) |  |  | 21.0 | %
State taxes, net of federal benefit |  | $ | (77 | ) |  |  | 0.2 | % |  | $ | (35 | ) |  |  | 0.1 | %
Permanent items |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | 1,166 |  |  |  | -3.2 | % |  |  | 164 |  |  |  | -0.4 | %
Transaction costs |  |  | 629 |  |  |  | -1.7 | % |  |  | 73 |  |  |  | -0.2 | %
Other permanent items |  |  | (65 | ) |  |  | 0.2 | % |  |  | (147 | ) |  |  | 0.4 | %
Foreign tax differential — Singapore |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in valuation allowance |  |  | 608 |  |  |  | -1.7 | % |  |  | 1,299 |  |  |  | -3.3 | %
Other |  |  | (50 | ) |  |  | 0.1 | % |  |  | (1,173 | ) |  |  | 3.0 | %
Foreign tax differential — Other |  |  | (21 | ) |  |  | 0.1 | % |  |  | — |  |  |  | 0.0 | %
Other |  |  | 76 |  |  |  | -0.2 | % |  |  | (104 | ) |  |  | 0.3 | %
Change in valuation allowance — Other |  |  | 5,423 |  |  |  | -14.9 | % |  |  | 8,274 |  |  |  | -20.9 | %
Total |  | $ | 40 |  |  |  | -0.1 | % |  | $ | 28 |  |  |  | -0.1 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration