INCOME TAXES |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| INCOME TAXES | |
| INCOME TAXES | NOTE 8 – INCOME TAXES
Income tax expense for the second quarter of 2026 and 2025 primarily related to foreign and minor state taxes.
The provision for (benefit from) income taxes for the three months ended June 30, 2026 and 2025 was $0 and $20,000, respectively, and the provision for (benefit from) income taxes for the six months ended June 30, 2026 and 2025 was $0 and ($2,000), respectively. The effective tax rates for the three months ended June 30, 2026 and 2025 were 0% and (2.62%), respectively, and the effective tax rates for the six months ended June 30, 2026 and 2025 were 0% for each period.
The differences between our effective tax rates for the three and six months ended June 30, 2026 and 2025 and the U.S. federal statutory income tax rate of 21% were primarily attributable to the effect of a full valuation allowance against our net deferred tax assets and, to a lesser extent, foreign taxes. The change in our effective tax rate for the six months ended June 30, 2026 compared with the same period in 2025 was primarily attributable to changes in the mix and amount of pre-tax income and loss across jurisdictions. |