XML 69 R35.htm IDEA: XBRL DOCUMENT v3.26.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Domestic and Foreign Components of Loss Before Income Taxes

The domestic and foreign components of loss before income taxes are as follows.

			Year ended December 31,
			2025						2024
Domestic			$	(24,424)					$	(19,220)
Foreign			(867)						(667)
Loss before income taxes			$	(25,291)					$	(19,887)

Reconciliation of Federal Statutory Rate to Effective Income Tax Rate

The reconciliation between the Company's effective tax rate and the statutory tax rate for the year ended December 31, 2025 is as follows:

			Year Ended December 31, 2025
			Amount						Percent
U.S. Federal statutory tax rate			$	(5,311)					21.0		%
State and local income tax, net of federal taxes			11						(0.04)		%
Foreign tax effects
Taiwan
Local income taxes			13						(0.05)		%
Effects of changes in tax laws or rates enacted in the current period			—						—		%
Tax credits
Research and development tax credits			—						—		%
Changes in valuation allowance			5,213						(20.6)		%
Nontaxable or nondeductible items			100						(0.4)		%
Other Adjustments			(1)						—		%
Total effective tax rate			$	24					(0.1)		%

The reconciliation between the Company's effective tax rate and the statutory tax rate for the year ended December 31, 2024 is as follows:

			Year Ended December 31, 2024
Federal statutory income tax rate			21.0		%
Permanent book-tax differences			(0.4)		%
State income taxes, net of federal benefit			3.7		%
Federal and State research and development tax credits			(0.8)		%
Change in valuation allowance			(23.6)		%
Other			—		%
Total effective tax rate			(0.1)		%

Schedule of Amounts of Cash Paid for Income Taxes

The amounts of cash paid for income taxes by the Company are as follows:

			Amount
California			$	1
Massachusetts			0.5
North Carolina			1.0
New York State			5.6
Total cash paid for income taxes (net of refunds)			$	8

Schedule of Components of Income Tax Provision

The components of the income tax provision are as follows.

			Year ended December 31,
			2025						2024
Current provision
U.S. Federal			$	—					$	—
U.S. State			11						4
Foreign			13						7
Total current provision			$	24					$	11
Deferred provision
U.S. Federal			—						—
U.S. State			—						—
Foreign			—						—
Total deferred provision			—						—
Total income tax provision			$	24					$	11

Schedule of Components of Deferred Tax Assets (Liabilities)

The main components of deferred tax assets (liabilities) are as follows.

			December 31, 2025						December 31, 2024
Deferred tax assets:
Net operating loss carryforwards			$	32,568					$	26,441
Capitalized R&D expenses			5,087						5,657
Research and development tax credits			1,318						1,318
Accrued expenses			443						95
Operating lease liabilities			212						306
Other			42						13
Total deferred tax assets			39,670						33,830
Valuation allowance			(39,295)						(33,384)
Deferred tax assets less valuation allowance			375						446
Deferred tax liabilities:
Depreciation			(132)						(151)
Operating lease right-of-use assets			(202)						(295)
Unrealized gains/losses			(41)						—
Total deferred tax liabilities			(375)						(446)
Net deferred tax assets			$	—					$	—

Summary of Net Operating Loss Carryforwards and Tax Credit Carryforward Values

NOLs and tax credit carryforward values are as follows as of December 31, 2025.

			Amount						Expiration Term
Net Operating Losses (gross; pre-tax)
NOLs – Federal (arising after December 31, 2017)			$	77,974					No expiry
NOLs – Federal (arising before January 1, 2018)			$	48,120					2027
NOLs – State - indefinite			$	3,327					No expiry
NOLs – State – definite lived			$	89,917					2028
R&D Tax Credits
R&D tax credits – Federal and State			$	1,318					2033

Summary of Net Operating Loss Carryforwards and Tax Credit Carryforward Values

NOLs and tax credit carryforward values are as follows as of December 31, 2025.

			Amount						Expiration Term
Net Operating Losses (gross; pre-tax)
NOLs – Federal (arising after December 31, 2017)			$	77,974					No expiry
NOLs – Federal (arising before January 1, 2018)			$	48,120					2027
NOLs – State - indefinite			$	3,327					No expiry
NOLs – State – definite lived			$	89,917					2028
R&D Tax Credits
R&D tax credits – Federal and State			$	1,318					2033

Schedule of Unrecognized Tax Positions

A reconciliation of the beginning and ending balance of total unrecognized tax benefits on a tax-effected basis for follows; these relate principally to research and development credit carryforwards.

Unrecognized tax benefits, December 31, 2023			$	1,634
Additions for current tax positions			3
Changes for previous tax positions			(165)
Unrecognized tax benefits, December 31, 2024			$	1,472
Additions for current tax positions			12
Changes for previous tax positions			—
Unrecognized tax benefits, December 31, 2025			$	1,484

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 supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
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

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-3

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-3

+ Details

Name:	us-gaap_SummaryOfTaxCreditCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration