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Income Taxes
 3 Months Ended
Mar. 31, 2024
Income Taxes  
Income Taxes

Note 16. Income Taxes

 

The Company recorded no provision or benefit for income tax expense for the three months ended March 31, 2024 and 2023, respectively.

 

For all periods presented, the pretax losses incurred by the Company received no corresponding tax benefit because the Company concluded that it is more likely than not that the Company will be unable to realize the value of any resulting deferred tax assets.  The Company will continue to assess its position in future periods to determine if it is appropriate to reduce a portion of its valuation allowance in the future.

 

The Company has no open tax audits with any taxing authority as of March 31, 2024, except for the California Department of Tax and Fee Administration sales and use tax audit. The period covered by the audit is October 1, 2020 through March 31, 2023.