Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Taxes [Abstract] | |
| Income Taxes | Note 3 — Income Taxes
For the three months ended June 30, 2026 and 2025, we recognized no income tax expense in both periods on pretax losses of $4,527 and $3,621. For the six months ended June 30, 2026 and 2025, we recognized income tax expense of $0 and $2, on pretax losses of $8,881 and $7,298. Our effective tax rate is approximately 0% for all periods. Our effective tax rate differed from the federal statutory rate of 21%, primarily due to the valuation allowance placed against our net deferred tax assets. We have a full valuation allowance on all federal and state deferred tax assets as of June 30, 2026.
Our tax years for 2007 and forward are subject to examination by the U.S. tax authority and our tax years for 2021 and forward are open for various state tax authorities because we utilized the net operating loss and tax credits generated in those years in 2020. As of June 30, 2026, we have accrued $484 for uncertain tax positions and no interest and penalties related to these positions and do not expect significant changes to the estimate in the coming twelve months.
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