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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of expense for income taxes | The expense for income taxes consists of the following:
| 2025 |  | 2024
Current |  |  |
Federal | $ | — |  |  | $ | — |
State | — |  |  | — |
Foreign | 2,000 |  |  | — |
Total current expense | 2,000 |  |  | — |
Deferred |  |  |
Federal | — |  |  | — |
State | — |  |  | — |
Foreign | — |  |  | — |
Total deferred expense | — |  |  | — |
Total income tax expense | $ | 2,000 |  |  | $ | — |
Reconciliation of effective income tax rate | A reconciliation of the U.S. federal statutory rate to the Company’s effective income tax rate for the year ended December 31, 2025 and December 31, 2024 is as follows:
| Twelve Months Ended December 31, 2025 |  | Period from September 19, 2024 (Inception) Through December 31, 2024
U.S. Federal statutory tax rate | $ | (31,908) |  | 21 | % |  | $ | (3,752) |  | 21 | %
Foreign Tax Effects |  |  |  |  |
China |  |  |  |  |
Withholding taxes | 2,000 |  | (1.3) | % |  | — |  | — | %
Tax credits | (1,809) |  | 1.2 | % |  | (46) |  | 0.3 | %
Change in valuation allowance | 34,697 |  | (22.9) | % |  | 3,612 |  | (20.2) | %
Nontaxable or nondeductible items | 870 |  | (0.6) | % |  | 186 |  | (1.0) | %
Other adjustments |  |  |  |  |
Tax deductible merger expenses | (1,850) |  | 1.2 | % |  | — |  | — | %
Effective income tax rate | $ | 2,000 |  | (1.4) | % |  | $ | — |  | 0.1 | %
Schedule of income tax effect of temporary differences and carryforwards | The income tax effect of each type of temporary difference and carryforward as of December 31, 2025 and December 31, 2024 was as follows:
| Twelve Months Ended December 31, 2025 |  | Period from September 19, 2024 (Inception) Through December 31, 2024
Deferred tax assets: |  |  |
Net operating loss carryforwards | $ | 12,164 |  |  | $ | 444 |
Tax credit carryforwards | 2,423 |  |  | 73 |
Accrued liabilities | 1,246 |  |  | 4 |
Lease liability | 433 |  |  | — |
Capitalized research and development costs | 5,867 |  |  | 1,724 |
Intangible assets | 23,439 |  |  | 1,466 |
Share-based compensation | 2,801 |  |  | 229 |
Fixed assets | 5 |  |  | — |
Total deferred tax assets | 48,378 |  |  | 3,940 |
Valuation allowance | (47,991) |  |  | (3,940) |
Deferred tax assets, net of valuation allowance | 387 |  |  | — |
Deferred tax liabilities: |  |  |
Right of use asset | (387) |  |  | — |
Total deferred tax liabilities | (387) |  |  | — |
Deferred taxes, net | $ | — |  |  | $ | — |

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- 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
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- 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
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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 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
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