Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 20 - Income Taxes
The Company incurred net operating losses for the three months ended March 31, 2026 and 2025. Accordingly, no provision for income taxes has been recorded for the interim periods presented.
The Company’s effective tax rate differs from the U.S. federal statutory rate primarily due to the full valuation allowance recorded against its deferred tax assets. As a result, the Company’s effective tax rate was 0% for the three months ended March 31, 2026 and 2025.
Management continues to evaluate the realizability of its deferred tax assets and has determined that it is more likely than not that such assets will not be realized. Accordingly, a full valuation allowance has been maintained as of March 31, 2026.
There have been no material changes to the Company’s deferred tax assets, valuation allowance, or uncertain tax positions since December 31, 2025. The Company’s foreign subsidiary is subject to income taxation in Peru. Deferred tax assets related to the foreign jurisdiction have not been recognized due to cumulative losses.
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