8.	INCOME TAXES

The provision for income taxes for the three months ended June 30, 2019 and 2018 was $0.1 million, or 4.9% of pretax loss, and less than $0.1 million, or 1.2% of pretax loss, respectively. The provision for income taxes for the six months ended June 30, 2019 and 2018 was $0.2 million, or 2.3% of pretax loss, and $0.1 million, or 0.9% of pretax loss, respectively.

The Company assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to recover the existing deferred tax assets. In this regard, a significant objective negative evidence was the cumulative losses incurred by the Company in recent years. On the basis of this evaluation, the realization of the Company’s deferred tax assets was not deemed to be more likely than not and, thus, the Company maintained a full valuation allowance on its net deferred tax assets as of June 30, 2019 except deferred tax liability related to indefinite lived intangibles for which, the valuation allowance was reduced by $0.1 million and a corresponding deferred tax expense was recognized as of June 30, 2019.