XML 44 R31.htm IDEA: XBRL DOCUMENT
v3.25.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Taxes [Abstract] |
Schedule of Components of Loss Before Income Taxes | The components of loss before income taxes for the years ended December 31, 2024 and 2023, are as follows (in thousands):
|  | 2024 |  |  | 2023 |
Federal |  | $ | (66,330 | ) |  | $ | (56,745 | )
Foreign |  |  | 937 |  |  |  | (975 | )
Total loss before taxes |  | $ | (65,393 | ) |  | $ | (57,720 | )
Schedule of Company’s Statutory Federal Income Tax Rate and the Effective Tax Rates | The Company’s income tax provision was zero for the years ended December 31, 2024 and 2023, respectively. The differences between the Company’s statutory federal income tax rate and the effective tax rates are summarized as follows:
|  | 2024 |  |  | 2023 |
Statutory federal tax rate |  |  | 21.00 | % |  |  | 21.00 | %
Increase (decrease) resulting from: |  |  |  |  |  |  |  |
State taxes |  |  | (3.78 | )% |  |  | 6.79 | %
Loss on debt modification |  |  | (8.46 | )% |  |  | 0.00 | %
Stock-based compensation |  |  | (4.94 | )% |  |  | 0.00 | %
Debt issuance costs |  |  | (3.68 | )% |  |  | 0.00 | %
Other items |  |  | (0.58 | )% |  |  | 1.25 | %
Valuation allowance |  |  | 0.44 | % |  |  | (29.04 | )%
Effective tax rate |  |  | 0.00 | % |  |  | 0.00 | %
Schedule of Components of Net Deferred Tax Assets | The components of net deferred tax assets as of December 31, 2024 and 2023 consisted of the following (in thousands):
|  | 2024 |  |  | 2023 |
Deferred income tax assets: |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 91,305 |  |  | $ | 89,335 |
Accruals, deferrals, and reserves |  |  | 748 |  |  |  | 1,445 |
Stock-based compensation |  |  | 981 |  |  |  | 721 |
Fixed assets and intangibles |  |  | 4,421 |  |  |  | 3,833 |
Lease liability |  |  | — |  |  |  | 633 |
Credit and carry forwards |  |  | 4,707 |  |  |  | 4,707 |
Other |  |  | — |  |  |  | 861 |
Total deferred income tax assets |  |  | 102,162 |  |  |  | 101,535 |
Deferred income tax liabilities: |  |  |  |  |  |  |  |
Other |  |  | (343 | ) |  |  | — |
Total deferred income tax liabilities |  |  | (343 | ) |  |  | — |
Net deferred income assets before valuation allowance |  | $ | 101,819 |  |  | $ | 101,535 |
Less: valuation allowance |  |  | (101,819 | ) |  |  | (101,535 | )
Net deferred income tax assets |  | $ | — |  |  | $ | — |

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 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