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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Loss Before Income Taxes

The following were components of loss before income taxes:

		December 31,
		2025				2024
Pre-tax book loss
Domestic		$	(80,585	)		$	(71,094	)
Foreign			(20	)			(15	)
Total pre-tax book loss		$	(80,605	)		$	(71,109	)

Schedule of Reconciliation of Income Tax Benefit at Statutory Federal Income Tax Rate

A reconciliation of income tax benefit at the statutory federal income tax rate and income taxes as reflected in the consolidated financial statements as of December 31, 2025 and 2024 after the adoption of ASU 2023-09 is as follows (in thousands, except percentages):

		For the Year Ended December 31,
		2025							2024
		Amount			% of Pretax Losses				Amount			% of Pretax Losses
US federal statutory tax rate			(16,927	)		21.0	%			(14,940	)		21.0	%
State and local income taxes, net of federal income tax effect			(118	)		0.1	%			(326	)		0.5	%
Foreign tax effects
Australia
Statutory tax rate difference between Australia and United States			(2	)		0.0	%			(1	)		0.0	%
Change in valuation allowance			89			(0.1	)%			4			0.0	%
Other			(83	)		0.1	%			—			0.0	%
Tax Credits
R&D Credits			(2,408	)		3.0	%			(2,322	)		3.3	%
Change in valuation allowance			18,364			(22.8	)%			16,080			(22.6	)%
Nontaxable or nondeductible items
Other			487			(0.6	)%			599			(0.8	)%
Change in unrecognized tax benefit			572			(0.7	)%			906			(1.3	)%
Other adjustments			26			(0.0	)%			—			—
Effective tax rate			—			0.0	%			—			0.0	%

Schedule of Components of the Company's Deferred Taxes

Significant components of the Company’s deferred taxes as of December 31, 2025 and 2024 consisted of the following (in thousands):

		December 31,
		2025				2024
Deferred tax assets:
Net operating loss carryforwards			43,966				22,830
General business credit			10,375				8,063
Amortization of temporary difference			3,903				2,461
Stock-based compensation			3,797				1,863
Capitalized research and development expenses			10,746				19,914
Lease liability			616				43
Deferred revenue			1,216				—
Other			1,081				947
Gross deferred tax assets			75,700				56,121
Less: Valuation allowance			(75,060	)			(56,061	)
Total deferred tax assets			640				60
Deferred tax liabilities
Fixed assets			(25	)			(18	)
Right-of-use-asset			(589	)			(42	)
Mark to market investments			(26	)			—
Net deferred tax assets			—				—

Schedule of Recognized an Uncertain Tax Benefit

The Company has the following activity relating to the gross amount of unrecognized tax benefits (in thousands):

Balance as of December 31, 2023		2,483
Increases related to 2024		907
Balance as of December 31, 2024		3,390
Decrease related to prior periods		(148	)
Increases related to 2025		1,032
Balance as of December 31, 2025		4,274

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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.

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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.

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

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Tabular disclosure of the change in unrecognized tax benefits.

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