XML 33 R22.htm IDEA: XBRL DOCUMENT v3.25.2
Income Taxes
 6 Months Ended
Jun. 30, 2025
Income Taxes  
Income Taxes

(14) Income Taxes

The Company’s income tax benefit (expense) was $0 for the six months ended June 30, 2025 and 2024. The Company has recorded a full valuation allowance against its net deferred tax assets at June 30, 2025, and December 31, 2024, because the Company has determined that it is more likely than not that these assets will not be fully realized due to historic net operating losses incurred. Accordingly, the benefit of the net operating loss that would have been recognized in the three and six months ended June 30, 2025 and 2024, was fully offset by changes in the valuation allowance.

At June 30, 2025, and December 31, 2024, the Company had no accrued interest or penalties related to uncertain tax positions and no amounts have been recognized in the Company’s statements of operations.