Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

For the years ended December 31, 2022 and 2021, the amount of loss before taxes was:

(In thousands)	2022		2021
U.S. loss before taxes	$	(50,722)	$	(94,330)
Foreign loss before taxes	(356)		—
Total loss before taxes	$	(51,078)	$	(94,330)

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of tax expense at the U.S. Federal Statutory tax rate versus the recorded income tax expense is as follows for the years ended December 31, 2022 and 2021:

(In thousands)	2022		2021
U.S. federal statutory rate	$	(10,726)	$	(19,809)
State income tax, net of federal benefit	(6,856)		(2,353)
(Gain) loss on earn-out	(20,733)		6,573
Transaction costs	(2,599)		669
Stock-based compensation	1,107		31
Permanent items	104		20
Section 162(m)	2,905		667
Other adjustments	17		(216)
Rate adjustment	204		(44)
Return to provision	194		2
Valuation allowance	36,293		14,461
Total income tax expense (benefit)	$	(90)	$	1

Schedule of Deferred Tax Assets and Liabilities

The principal components of the Company’s deferred tax assets for the years ended December 31, 2022 and 2021 consisted of the following:

(In thousands)	2022		2021
Net operating loss carryforwards	$	62,854	$	43,087
Amortizable assets	7,929		180
Equity compensation	3,011		841
Salaries and wages	983		1,277
Deferred revenue	658		101
Operating lease liability	341		613
Fixed assets	156		—
Other	229		69
Total deferred tax assets	76,161		46,168
Less: valuation allowance	(76,070)		(39,777)
Net deferred tax asset	91		6,391
Operating lease ROU	—		(524)
Fixed assets	—		(5,867)
Total deferred tax liabilities	—		(6,391)
Net deferred tax assets (liabilities)	$	91	$	—

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the reconciliation of the unrecognized tax benefits activity during the years ended December 31, 2022 and 2021 (in thousands):

(In thousands)	2022		2021
Unrecognized tax benefits – beginning	$	240	$	240
Gross increases – tax positions in prior period	—		—
Gross decreases – tax positions in prior period	—		—
Gross increase – current-period tax positions	—		—
Gross decrease – current-period tax positions	—		—
Settlements	—		—
Lapse of statute of limitations	—		—
Unrecognized tax benefits – ending	$	240	$	240