Income Taxes

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

13. Income Taxes

The Company's effective tax rate from continuing operations was 1.3% for the three months ended June 30, 2024 and 0.7% for the three months ended June 30, 2023. The Company's effective tax rate from continuing operations was 0.3% for the six months ending June 30, 2024 and 0.7% for the six months ending June 30, 2023. The Company's full allowance in the United States and various other foreign jurisdictions caused the quarterly effective tax rate to be different from the U.S. federal statutory tax rate.

The Company’s policy is to recognize interest and penalties associated with uncertain tax benefits as part of the income tax provision and include accrued interest and penalties with the related income tax liability on the Company’s condensed consolidated balance sheets. To date, the Company has not recognized any interest and penalties in its condensed consolidated statements of operations, nor has it

accrued for or made payments for interest and penalties. The Company has no unrecognized tax benefits as of June 30, 2024 and June 30, 2023.