Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes

Schedule of Reconciliation of Effective Tax Rate to Statutory Federal Rate

	For the Years Ended December 31,
	2022		2021
Federal statutory rate	(21.00)	%	(21.00)	%
Permanent items	0.08	%	(0.05)	%
Fair market value earnout	(2.42)	%	(4.72)	%
Settlement warrants	0.00	%	13.35	%
Stock compensation	(0.01)	%	(0.02)	%
Foreign rate differential	0.33	%	(0.00)	%
State taxes	(1.62)	%	(0.05)	%
Increase in valuation allowance	24.64	%	12.62	%
R&D credit	—	%	(0.13)	%
Other	—	%	—	%
Effective tax rate	0.00	%	0.00	%

Schedule of Components of Income Tax Provision (Benefit)

The components of income tax provision (benefit) are as follows (in thousands):

	As of December 31,
	2022		2021
Federal	$		$
Current		—		—
Deferred		(9,295)		(11,709)
Foreign
Current		—		—
Deferred		133		(5)
State and Local
Current		—		—
Deferred		(647)		(42)
Change in Valuation Allowance		9,809		11,756
Total	$	—	$	—

Schedule of Deferred Tax Assets and Liabilities

	As of December 31,
	2022		2021
Deferred tax assets (liabilities):
Net operating loss carryforwards	$	33,640	$	28,053
Common stock warrants		1,894		1,876
Foreign net operating loss carryforwards		—		134
174 capitalization		3,410		—
Stock-based compensation		2,411		1,584

Bonus accrual		202		100
Settlement liability		—		—
Other		—		—
R&D credit		500		500
Depreciation		(3)		(2)
		42,054		32,245
Valuation allowance		(42,054)		(32,245)
Deferred tax assets, net of allowance	$	—	$	—