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Income Taxes
 9 Months Ended
Sep. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes
11.
Income Taxes

The Company’s effective income tax rate was -0.1% and 0.0% for the three months ended September 30, 2023 and 2022, respectively, and -0.1% and 0.0% for the nine months ended September 30, 2023 and 2022, respectively. The income tax provision was $23,000 and $0 for the three months ended September 30, 2023 and 2022, respectively, and the income tax provision was $87,000 and $3,000 for the nine months ended September 30, 2023 and 2022, respectively. Consistent with the prior year, for 2023 the Company assessed the requirement to capitalize and amortize research and experimentation expenditures for US tax purposes, which remains effective as of September 30, 2023. The Company is forecasting a taxable loss position in 2023 for which no tax benefit is recorded due to the valuation allowance maintained against the Company’s deferred tax assets.

The effective income tax rate for the three and nine months ended September 30, 2023 and 2022 differed from the 21.0% federal statutory rate primarily due to the valuation allowance maintained against the Company’s deferred tax assets.