Income Taxes

9 Months Ended

Sep. 30, 2022

Income Taxes [Abstract]

Income Taxes

Note 10 – Income Taxes The interim provision for income taxes is different from the amount determined by applying the U.S. federal statutory rate to consolidated income or loss before taxes.  The differences are attributable to foreign tax rate differential, unrecognized tax benefits, and change in valuation allowance. Our tax rate effective was (6.9%) and 26.4% for the nine months ended September 30, 2022 and 2021, respectively.  The difference is primarily due to the increase in valuation allowance and unrecognized tax benefits as well as a decrease in Global Intangible Low-Taxed Income ("GILTI") tax in 2022.  The forecasted effective tax rate is updated each quarter as new information becomes available.