v3.26.1
Taxation (Tables)
6 Months Ended
Jun. 30, 2026
Taxation [Abstract]  
Schedule of Significant Components of the Income Taxes Benefit

Significant components of the income taxes benefit on earnings for the six months ended June 30, 2025 and 2026 are as follows:

 

   Six months ended
June 30
 
   2025   2026 
         
Current:        
Federal  $
    
 
State and local   47    14 
Foreign   
    
 
Total current portion of income tax expense   47    14 
Deferred:          
Federal  $
    
 
State and local   
    
 
Foreign   
    
 
Total deferred portion of income tax expense   
    
 
           
Total income tax expense  $47   $14 
Schedule of Reconciliation between Federal Statutory Tax Rate and the Company's Effective Income Tax Rate

The following is a reconciliation of the differences between the U.S. federal statutory income tax rate and the Company’s effective income tax rate for the six months ended June 30, 2025 and 2026:

 

   Six months ended
June 30,
 
   2025   2026 
         
Statutory federal income tax rate   21.0%   21.0%
States taxes, net of federal benefit   (2)%   0.4%
Foreign income taxed at different rates   
%   16.5%
Return-to-provision adjustment   %   4.0%
Changes in valuation allowance   (17)%   (32.8)%
Tax Credits   
%   (4.6)%
Effect of tax amendment   
%   
%
Tax Provision   2%   4.5%