Quarterly report [Sections 13 or 15(d)]

INCOME TAXES

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INCOME TAXES
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES

10. INCOME TAXES

 

The following table summarizes income tax expense on income from continuing operations and the effective tax rate for the three- and six-month periods ended June 30, 2026 and 2025:

 

    2026     2025     2026     2025  
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2026     2025     2026     2025  
                         
Provision for income tax   $ 64     $ -     $ 366     $ 18  
Effective income tax rate     19.4 %     0.0 %     25.0 %     1.5 %

 

Income tax expense for the three and six-months ended June 30, 2026 was primarily due to the Company’s net income for the six months ended June 30, 2026 and its deferred tax expense. Income tax expense for the three and six-months ended June 30, 2025 was primarily due to state and federal income taxes.

 

Other long-term liabilities consisted of uncertain tax positions as of June 30, 2026 and December 31, 2025.