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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Taxes

Loss before income taxes consists of:

			For the Year Ended December 31,
(In thousands)			2024						2023
Domestic			$	(26,806)					$	(41,303)
Foreign			420						(6,375)
Income before taxes			$	(26,386)					$	(47,678)

Schedule of Income Tax Reconciliation

The provision for income taxes differs from the amount computed by applying the statutory rate as follows:

			For the Year Ended December 31,
(In thousands)			2024						2023
Income taxes using U.S federal statutory rate			$	(5,541)					$	(10,012)
Nondeductible interest			64						127
Branch income			151						(1,230)
State income taxes, net of federal benefit			(1,513)						(31)
Foreign rate differential			(67)						506
Valuation allowance			3,029						7,099
Stock option expense, exercises and cancellations			1,336						2,899
Research and development costs			(746)						(859)
Other			332						(179)
Derivative Charge			2,955						1,680
			$	—					$	—

Schedule of Significant Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets are as follows:

			For the Year Ended December 31,
(In thousands)			2024						2023
Deferred tax assets:
Employee compensation accruals			$	2,182					$	1,377
Accrued liabilities			707						54
Research tax credits			3,015						2,330
Lease obligation			249						4
Other			171						233
Research expense capitalization			6,927						5,441
Net operating losses			29,071						29,875
Total deferred tax assets			$	42,322					$	39,314

			For the Year Ended December 31,
(In thousands)			2024						2023
Deferred tax liabilities:
Right of use asset			$	249					$	13
Total deferred tax liabilities			249						13
Valuation allowance			42,073						39,301
Net deferred tax assets			$	—					$	—

Schedule of Change in Valuation Allowance

The change in valuation allowance is as follows:

			December 31,
(In thousands)			2024						2023
Beginning Balance			$	39,301					$	32,344
Charged to costs and expenses			3,028						7,099
Charged to other comprehensive income			(256)						(142)
Ending balance			$	42,073					$	39,301

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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

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
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- 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

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-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

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-Topic 740
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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