Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of domestic and foreign pre-tax income

The domestic and foreign components of pre-tax income are as follows

	Years Ended December 31,
$ in thousands	2021 (As Restated)			2020
Domestic	$	(136,753	)	$	(7,437	)
Foreign		(653	)		—
Total loss before tax	$	(137,406	)	$	(7,437	)

Schedule of effective income tax rate reconciliation

The effective tax rate of the provision for income tax differs from the federal statutory rate as follows for the periods indicated

	Years Ended December 31,
$ in thousands	2021 (As Restated)					2020
U.S. federal statutory income tax rate	$	(28,855	)	21.0	%	$	(1,562	)	21.0	%
State taxes, net of federal benefit		(3,590	)	2.6	%		(75	)	1.0	%
SAFE instruments remeasurement		18,250		(13.3	)%		—		—	%
Warrant liability remeasurement		1,397		(1.0	)%		—		—	%
Transaction costs		(1,531	)	1.1	%		—		—	%
Valuation allowance		14,531		(10.6	)%		1,770		(23.8	)%
Other		(200	)	0.2	%		(133	)	1.8	%
Income tax expense	$	2		—	%	$	—		—	%

Schedule of deferred tax assets and liabilities

The components of the deferred tax assets are as follows for the periods indicated

	Years Ended December 31,
$ in thousands	2021			2020
Deferred tax assets:
Net operating loss carryforwards	$	19,816		$	5,605
Stock compensation		1,705			158
Operating lease liability		4,896			171
Other		1,619			606
Gross deferred tax assets		28,036			6,540
Less: Valuation allowance		(21,238	)		(6,258	)
Net deferred tax assets		6,798			282
Deferred tax liabilities:
Depreciation and amortization		(887	)		(111	)
Right of use asset		(4,824	)		(171	)
Other		(1,087	)		—
Net deferred income taxes	$	—		$	—