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Income Taxes - Temporary Differences and Carryforwards (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 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 0
Capitalized research and development costs 5,867 1,724
Intangible assets 23,439 1,466
Share-based compensation 2,801 229
Fixed assets 5 0
Total deferred tax assets 48,378 3,940
Valuation allowance (47,991) (3,940)
Deferred tax assets, net of valuation allowance 387 0
Deferred tax liabilities:    
Right of use asset (387) 0
Total deferred tax liabilities (387) 0
Deferred taxes, net $ 0 $ 0