v3.25.1
Income Taxes
3 Months Ended
Mar. 31, 2025
Income Taxes [Abstract]  
INCOME TAXES

9. INCOME TAXES

 

The Company recorded no provision or benefit for income tax expense for the three months ended March 31, 2025 and 2024, respectively.

 

For all periods presented, the pretax losses incurred by the Company received no corresponding tax benefit because the Company concluded that it is more likely than not that the Company will be unable to realize the value of any resulting deferred tax assets. The Company will continue to assess its position in future periods to determine if it is appropriate to reduce a portion of its valuation allowance in the future.

 

The Company has no open tax audits with any taxing authority as of March 31, 2025.