Subsequent Events

6 Months Ended

Jun. 30, 2025

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 18 — SUBSEQUENT EVENTS

On July 4, 2025, the "One Big Beautiful Bill Act" (the "OBBBA") was enacted into law. The OBBBA includes changes to U.S. tax law such as 100% bonus depreciation and modifying the business interest expense limitation to EBITDA, among other changes. ASC 740 requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the legislation is enacted. Consequently, the changes will be applicable to the Company during the three months ended September 30, 2025. The Company is in the process of evaluating the impact of the OBBBA on its condensed consolidated financial statements and an estimate is not able to be made at this time. The impact of the OBBBA to income tax expense could be material as it relates to the Company's estimation of valuation allowances against deferred tax assets (mainly driven by net operating loss and 163j interest expense limitation carryforwards). The Company, at this time, expects the OBBBA to favorably impact the timing of cash taxes.