INCOME TAXES |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES The Company recognized income tax provisions of $0.9 million for each of the three and six months ended June 30, 2026, respectively. The Company recognized income tax provisions of $2.1 million and $2.5 million for the three and six months ended June 30, 2025, respectively. On February 26, 2026, the Company collected $11.8 million in proceeds from the transfer of the Cross Trails investment tax credit (“ITC”) to the third-party purchaser. On July 24, 2026, the Company collected $15.4 million in proceeds from the transfer of the CRC ITC to the third-party purchaser. The Company has recorded a full valuation allowance against substantially all of the Company’s deferred tax assets, except for the deferred tax assets associated with the ITCs that the Company intends to sell. The Company provides for a valuation allowance when it is more likely than not that some portion of, or all of the Company’s deferred tax assets will not be realized. Due to the Company’s history of losses, the Company determined that it is not more likely than not to realize its deferred tax assets, with the exception of deferred tax assets associated with the ITCs that the Company intends to sell.
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