Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 12 – Income Taxes
For the three months ended March 31, 2026 and 2025, the Company recorded income tax expense of $2 thousand and $0 thousand, respectively.
The effective tax rate for three months ended March 31, 2026 and March 31, 2025 was (0.04%) and (0%), respectively. The effective tax rate differs from the U.S. Federal statutory rate primarily due to recording a valuation allowance against the deferred tax assets in the U.S and foreign jurisdictions along with permanent differences including changing fair value of derivative warrant liabilities and stock compensation.
The Company continues to evaluate the realizability of its deferred tax assets and has maintained a valuation allowance on its deferred tax assets as of March 31, 2026.
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