INCOME TAXES

9 Months Ended

Sep. 30, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

The Company reported income tax benefit of $36 and $0 for the three months ended September 30, 2025 and 2024, respectively. Additionally, income tax benefit (expense) for the nine months ended September 30, 2025 and 2024 was of $38 and $(62), respectively. The Company's effective tax rate as of September 30, 2025 and September 30, 2024 was (0.1)% and 0.2%, respectively. The Company’s effective tax rates differ from the U.S. federal statutory rate of 21% for the nine months end September 30, 2025 and September 30, 2024, respectively, primarily due to the valuation allowance and the establishment of a naked credit related to the Company's investment in DeFloria.