Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes

Schedule of income tax expense

	2020		2019		2018
Current Income Tax Expense:
Federal	$	—	$	—	$	—
State and local		10		11		3
Total Current Income Tax Expense		10		11		3
Deferred Income Tax Expense:
Federal		—		—		—
State and local		—		—		—
Total Income Tax Expense	$	10	$	11	$	3

Schedule of significant components of the Company's deferred tax assets and liabilities

	2020		2019
Deferred Tax Assets:
Net operating losses	$	7,042	$	5,881
Accrued expenses		109		—
Unearned premiums		466		—
Contract expense		332		262
Intangible assets		204		—
Other		406		809
Total deferred tax assets		8,559		6,952
Less: valuation allowance		(8,559)		(6,910)
Net Deferred Tax Assets		—		42
Deferred Tax Liabilities
Fixed assets		—		(42)
Total deferred tax liabilities		—		(42)
Net Deferred Tax Liabilities		—		(42)
Net Deferred Tax Assets/Liabilities	$	—	$	—

Summary of change in valuation allowance

	2020		2019		2018
January 1,	$	6,910	$	3,986	$	2,008
Additions – Charged		1,649		2,924		1,731
Deductions – Charged		—		—		—
Other		—		—		247
December 31,	$	8,559	$	6,910	$	3,986

Schedule of difference between income tax benefit expected and the reported income tax expense

	2020			2019			2018
Loss Before Income Tax Expense	$	(6,542)		$	(12,667)		$	(6,557)
Income tax benefit at federal statutory rates		(1,372)			(2,660)			(1,377)
State and local income taxes		(79)			(471)			(238)
Investment remeasurement		—			—			(126)
Valuation allowances		1,649			2,924			1,731
Change in fair value of redeemable convertible preferred stock tranche obligation		(194)			293			57
Other		6			(75)			(44)
Total Income Tax Expense	$	10		$	11		$	3
Effective Tax Rate		(0.15)	%		(0.09)	%		(0.05)	%