Subsequent Events – Enactment of Federal Tax Legislation	6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]
Subsequent Events – Enactment of Federal Tax Legislation	Note 12. Subsequent Events – Enactment of Federal Tax Legislation On July 2, 2025, subsequent to the end of the reporting period, U.S. Congress enacted the Taxpayer Fairness and Growth Act of 2025, which includes significant amendments to the Internal Revenue Code. The Company is currently evaluating the impact of the legislation on its consolidated financial statements, including deferred tax assets and liabilities. Because the enactment occurred after the end of the reporting period and before issuance of these financial statements, the effects have not been recognized in the accompanying condensed consolidated financial statements as of and for the period ended June 30, 2025, consistent with ASC 740 and ASC 855. The Company expects the corporate rate reduction to have a favorable impact on its effective tax rate beginning in fiscal 2026. However, remeasurement of deferred tax balances and the application of new limitations may result in non-cash tax charges in future periods. The Company will continue evaluating the impact and recognize any required adjustments in the period of enactment.

Subsequent Events – Enactment of Federal Tax Legislation

6 Months Ended

Jun. 30, 2025

Subsequent Events – Enactment of Federal Tax Legislation

Note 12. Subsequent Events – Enactment of Federal Tax Legislation

On July 2, 2025, subsequent to the end of the reporting period, U.S. Congress enacted the Taxpayer Fairness and Growth Act of 2025, which includes significant amendments to the Internal Revenue Code.

The Company is currently evaluating the impact of the legislation on its consolidated financial statements, including deferred tax assets and liabilities. Because the enactment occurred after the end of the reporting period and before issuance of these financial statements, the effects have not been recognized in the accompanying condensed consolidated financial statements as of and for the period ended June 30, 2025, consistent with ASC 740 and ASC 855.

The Company expects the corporate rate reduction to have a favorable impact on its effective tax rate beginning in fiscal 2026. However, remeasurement of deferred tax balances and the application of new limitations may result in non-cash tax charges in future periods. The Company will continue evaluating the impact and recognize any required adjustments in the period of enactment.

NOCOPI TECHNOLOGIES INC/MD/ 10-Q