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INCOME TAXES (Tables)
9 Months Ended
Sep. 30, 2024
INCOME TAXES  
Schedule of reconciliation between statutory federal income tax rate and the Company's effective income tax rate

Three Months Ended September 30, 

Nine Months Ended September 30, 

2024

    

2023

2024

    

2023

Federal income tax rate

21.0

%  

21.0

%

21.0

%  

21.0

%

Stock-based compensation

(0.1)

(0.2)

(0.9)

State taxes

5.1

4.0

6.3

4.7

Credits

(0.9)

0.2

(1.2)

(1.6)

Nondeductible IPR&D

2.5

Valuation allowance

0.4

0.4

Other

0.4

0.6

0.4

0.3

Total

25.9

%  

25.8

%

29.2

%  

23.5

%