INCOME TAXES |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | NOTE 15 – INCOME TAXES
The Company computes its interim income tax provision using an estimated annual effective tax rate applied to year-to-date pre-tax results, adjusted for discrete items recognized in the period. For the three and six months ended June 30, 2026 and 2025, the Company recognized no income tax expense or benefit, primarily due to the full valuation allowance maintained against its deferred tax assets.
The Company’s deferred tax assets consist primarily of net operating loss carryforwards. The Company maintains a full valuation allowance against its deferred tax assets because, based on available evidence, it is more likely than not that those assets will not be realized in light of the Company’s history of losses and lack of sustained profitable operations. As a result, no income tax benefit has been recognized for the periods presented. |