|9 Months Ended|
Sep. 30, 2021
|Income Tax Disclosure [Abstract]|
During the three and nine months ended September 30, 2021, there was no provision for income taxes as the Company incurred losses during both periods. During the three and nine months ended September 30, 2020, the Company recorded an income tax benefit of $2.9 million related to a net deferred tax liability that was eliminated due to the impairment of certain intangible assets. Deferred tax assets and liabilities reflect the net tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company records a valuation allowance against its deferred tax assets as the Company believes it is more likely than not the deferred tax assets will not be realized. The valuation allowance against deferred tax assets was approximately $30.5 million and $29.6 million as of September 30, 2021 and December 31, 2020, respectively.
As of September 30, 2021 and December 31, 2020, the Company did not record any unrecognized tax positions.
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef