INCOME TAXES |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES The consolidated effective tax rate was zero for the three and six months ended June 30, 2025 and 2024. The difference between these rates and the U.S. federal income tax rate of 21% was primarily due to a full valuation allowance on our U.S. deferred tax assets. As of June 30, 2025 and December 31, 2024, we did not have any unrecognized tax benefits for uncertain tax positions and had no interest or penalties related to uncertain tax positions. In July 2025, the One Big Beautiful Bill Act of 2025, or OBBBA, was enacted in the U.S. which, among other things, changes certain provision in the U.S. Tax Code. We do not expect the OBBBA to have a material impact on our results of operations or financial condition, and is not expected to have a material impact on the Notes to Condensed Consolidated Financial Statements.
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