Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 12 – Income Taxes
Our tax provision or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period.
Our quarterly tax provision, and our quarterly estimate of our annual effective tax rate, is subject to significant variation due to several factors, including variability in accurately predicting our pre-tax and taxable income and loss and the mix of jurisdictions to which they relate.
The Company recorded income tax expense of approximately $13,000 and $9,000 for the three months ended June 30, 2026, and June 30, 2025 respectively, and approximately $13,000 and $9,000 for the six months ended June 30,2026 and 2025, respectively. The Company’s effective tax rate for the six months ended June 30, 2026, and June 30, 2025 was approximately 1.01% and 1.08%.
The Company continues to maintain a full valuation allowance against its deferred tax assets as management believes it is more likely than not that such assets will not be realized. |