XML 35 R23.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes
3 Months Ended
Mar. 31, 2021
Income Taxes  
Income Taxes

15. Income Taxes

The Company did not record any income tax expense or benefit for the three months ended March 31, 2021 or 2020. The Company has not changed its overall conclusion with respect to the need for a valuation allowance against its net deferred tax assets, which remain fully reserved.

The net deferred tax asset generated from the Company’s net operating loss has been offset by a full valuation allowance because it is more likely than not that the tax benefits of the net operating loss carry forward will not be realized. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as a component of income tax expense.