Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The Company’s income tax expense consisted of the following for the years ended December 31, 2021, 2020 and 2019:

	2021		2020		2019
Current Income Tax Expense:
Federal	$	—	$	—	$	—
State and local	10		10		11
Total Current Income Tax Expense	10		10		11
Deferred Income Tax Expense:
Federal	—		—		—
State and local	—		—		—
Total Income Tax Expense	$	10	$	10	$	11

Schedule of Deferred Tax Assets and Liabilities

The significant components of the Company’s estimated deferred tax assets and liabilities as of December 31, 2021 and 2020 are as follows:

	2021		2020
Deferred Tax Assets:
Net operating losses	$	27,794	$	7,042
Accrued expenses	—		109
Unearned premiums	339		466
Contract expense	2,188		332
Intangible assets	188		204
Equity awards	2,199		189
Other	1,532		217
Total deferred tax assets	34,240		8,559
Less: valuation allowance	(34,138)		(8,559)
Net Deferred Tax Assets	102		—
Deferred Tax Liabilities
Fixed assets	(102)		—
Total deferred tax liabilities	(102)		—
Net Deferred Tax Liabilities	(102)		—
Net Deferred Tax Assets/Liabilities	$	—	$	—

Summary of Valuation Allowance

The following table presents the change in deferred tax asset valuation allowance for the years ended December 31, 2021, 2020 and 2019:

	2021		2020		2019
January 1,	$	8,559	$	6,910	$	3,986
Additions – Charged	25,579		1,649		2,924
Deductions – Charged	—		—		—
Other	—		—		—
December 31,	$	34,138	$	8,559	$	6,910

Summary of Difference between Income Tax Benefit Expected at U.S. Federal Statutory Tax Rates and Reported Income Tax Expense

The differences between income tax benefit expected at the U.S. federal statutory tax rates of 21.00% (for 2021, 2020 and 2019) and the reported income tax expense are summarized as follows:

	2021			2020			2019
Loss Before Income Tax Expense	$	(39,869)		$	(6,542)		$	(12,667)
Income tax benefit at federal statutory rates	(8,372)			(1,372)			(2,660)
State and local income taxes	(3,634)			(79)			(471)
Valuation allowances	24,391			1,649			2,924
Change in fair value of redeemable convertible preferred stock tranche obligation	—			(194)			293
Executive compensation	8,690			—			—
Change in fair value of Merger warrants liability	(6,874)			—			—
Change in fair value of earnout shares	(13,987)			—			—
Other	(204)			6			(75)
Total Income Tax Expense	$	10		$	10		$	11
Effective Tax Rate	(0.03)		%	(0.15)		%	(0.09)		%