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Income Tax

3 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

6.	Income Tax

During the three months ended March 31, 2021, the Company recorded an income tax expense of $0.1 million primarily related to foreign tax positions from the transfer pricing tax position in Terns China. There was no income tax expense during the three months ended March 31, 2020.

The Company includes interest and penalties related to unrecognized tax benefits within the provision for income taxes. As of March 31, 2021 and 2020, the total amount of gross interest accrued and penalties was nominal.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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