Annual report [Section 13 and 15(d), not S-K Item 405]

Note 9 - Income Taxes - Reconciliation (Details)

v3.26.1
Note 9 - Income Taxes - Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
U.S. federal statutory tax rate, amount $ (615)  
U.S. federal statutory tax rate, percent 21.00% 21.00%
State and local income taxes, net of federal income tax effect, amount [1] $ 2  
State and local income taxes, net of federal income tax effect, percent 0.00%  
Tax credits, amount $ (59)  
Tax credits, Percent 2.00% 1.00%
Change in valuation allowance, amount $ (870)  
Change in valuation allowance, percent 30.00% 6.00%
Non-deductible items, amount $ 22  
Non-deductible items (1.00%) (1.00%)
Sale of subsidiary(2), amount [2] $ 1,522  
Sale of subsidiary(2), Percent [2] (52.00%)  
Provision for income taxes and effective income tax rate, amount $ 2 $ 0
Provision for income taxes and effective income tax rate, percent 0.00% (0.00%)
State rate change   (14.00%)
None-deductible items, percent 1.00% 1.00%
Return to provision   (12.00%)
Change in fair value of warrant liability   (2.00%)
Change in valuation allowance 30.00% 6.00%
[1] During the year ended December 31, 2025, state taxes in Florida comprised greater than 50% of the tax effect in this category.
[2] The sale of subsidiary is driven by the write-off of Baergic's tax attributes and other deferred tax assets due to the sale of the subsidiary in 2025. There is an offsetting impact within the Change in valuation allowance as the deferred tax assets maintained a full valuation allowance.