v3.26.1
Taxation (Tables)
3 Months Ended
Mar. 31, 2026
Taxation [Abstract]  
Schedule of Significant Components of the Income Taxes Benefit

Significant components of the income taxes benefit on earnings for the three months ended March 31, 2025 and 2026 are as follows:

 

    Three months ended
March 31
 
    2025     2026  
             
Current:                
Federal   $
      (9 )
State and local    
      (1 )
Foreign    
     
 
Total current portion of income tax expense    
      (10 )
Deferred:                
Federal   $
     
 
State and local    
     
 
Foreign    
     
 
Total deferred portion of income tax expense    
     
 
                 
Total income tax expense   $
    $ (10 )
Schedule of Reconciliation between Federal Statutory Tax Rate and the Company's Effective Income Tax Rate

The following is a reconciliation of the differences between the U.S. federal statutory income tax rate and the Company's effective income tax rate for the three months ended March 31, 2025 and 2026:

 

   Three months ended
March 31,
 
   2025   2026 
         
Statutory federal income tax rate   21.0%   21.0%
States taxes, net of federal benefit   
%   0.3%
Foreign income taxed at different rates   44.6%   5.8%
Changes in valuation allowance   (65.6)%   (20.6)%
Tax Credits   
%   (4.1)%
Effect of tax amendment   
%   
%
Tax Provision   
%   2.3%