INCOME TAX |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAX | INCOME TAX The Company’s effective income tax rate was approximately 0% for the three and six months ended June 30, 2026 and 2025. The effective tax rate in both periods differs from the U.S. federal statutory rate primarily due to the impact of a full valuation allowance recorded against the Company’s deferred tax assets, which results in no income tax benefit being recognized on pre-tax losses and no income tax expense on pre-tax income being recognized. The Company continues to maintain a full valuation allowance against its net deferred tax assets as of June 30, 2026. As a result, no material income tax expense or benefit was recorded for the three and six months ended June 30, 2026 and 2025.
|