Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

Schedule of Domestic and Foreign Pretax Income (Loss) from Continuing Operations

Domestic and foreign pretax income (loss) from continuing operations are as follows for the years ended December 31, 2024 and 2023 (in thousands):

	Year Ended December 31,
	2024			2023
Domestic	$	(138,554	)	$	(85,050	)
Foreign		1,170			595
Total	$	(137,384	)	$	(84,455	)

Schedule of Components of Provision for Income Taxes from Continuing Operations

The components of the provision for income taxes from continuing operations are as follows (in thousands):

	Year Ended December 31,
	2024		2023
Current:
Federal	$	—	$	—
State and local		680		553
Foreign		176		89
Total current tax expense		856		642
Deferred tax (benefit):
Federal		—		—
State and local		—		—
Foreign		—		—
Total deferred tax (benefit)		—		—
Provision (benefit) for income taxes	$	856	$	642

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision for income taxes from continuing at the statutory rate to the amount reflected in the consolidated statements of operations is as follows (in thousands):

	Year Ended December 31,
	2024			2023
Income taxes at statutory rate	$	(28,850	)	$	(17,736	)
State income taxes, net of federal benefit		(9,747	)		(14,694	)
Foreign Rate Differential		(70	)		(36	)
Permanent differences		476			1,437
Change in valuation allowance		38,970			32,185
Other		77			(514	)
Provision for income taxes	$	856		$	642

Schedule of Deferred Tax Assets and Liabilities from Continuing Operations

Significant components of the Company’s deferred tax assets and liabilities from continuing operations are as follows (in thousands):

	As of December 31,
	2024			2023
Deferred tax assets:
Net operating loss carryforwards	$	415,372		$	365,841
Warranty Chargeback reserves		2,324			1,634
Stock-based compensation		3,637			2,169
Depreciation		645			—
Lease Liability		2,853			2,677
Unrealized Gains/Losses		795			3,636
Other		4,228			2,213
Total deferred tax assets		429,854			378,170
Less: valuation allowance		(395,293	)		(337,871	)
Net deferred tax assets		34,561			40,299
Deferred tax liabilities:
Intangible amortization		(26,837	)		(33,419	)
Depreciation		—			(121	)
Repo Expenses		(5,948	)		(4,966	)
Right of Use Asset		(1,776	)		(1,793	)
Net deferred tax liabilities		(34,561	)		(40,299	)
Net deferred income taxes	$	—		$	—