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Income Tax Expense
6 Months Ended
Jun. 30, 2020
Income Tax Expense  
Income Tax Expense

9.           Income Tax Expense

For the three and six months ended June 30, 2019 the Company recorded a tax benefit of $45 thousand, and a tax expense of $0.1 million, respectively. For the three and six months ended June 30, 2020 the Company recorded a tax expense of $0.1 million, and $0.3 million, respectively.

Deferred tax assets and deferred tax liabilities are recognized based on temporary differences between the financial reporting and tax bases of assets and liabilities using statutory rates. Management of the Company has evaluated the positive and negative evidence bearing upon the realizability of its deferred tax assets, including the Company’s history of losses and concluded that it is more likely than not that the Company will not recognize the benefits of its deferred tax assets. On the basis of this evaluation the Company has recorded a valuation allowance against all of its deferred tax assets at June 30, 2020 and December 31, 2019.