Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of net deferred income tax assets

Net deferred income tax assets consist of the following components as of December 31, 2022 and 2021:


(Amounts in thousands)	2022		2021
Deferred tax assets (liabilities):
Net operating loss carryforwards	$	70,296	$	29,985
Tax credit carryforwards	1,643		1,840
Reserves	3,352		1,258
Share-based compensation	2,843		730
Allowance for impairment of eNow Convertible Note	—		701
Depreciation and amortization	(19,109)		229
Interest expense carryforward	8,697		—
Right of use assets/liabilities	179		—
Other	1,452		185

Total deferred tax assets, net	69,353		34,928
Less valuation allowance	(69,353)		(34,928)
Net deferred tax assets (liabilities)	$	—	$	—

Schedule of the provision for income taxes

A reconciliation of the provision for income taxes with the amounts computed by applying the statutory Federal income tax to income before provision for income taxes is as follows:


	For the Years Ended December 31,
	2022		2021
U.S. federal statutory rate	21.0	%	21.0	%
State taxes, net of federal benefit	4.9	%	2.4	%
Change in fair value of warrant liability	1.6	%	(73.6)	%
Option and RSU expense	0.2	%	4.5	%
Other	(1.5)	%	0.7	%
True-up to prior years return	0.8	%	3.2	%
Change in valuation allowance	(37.1)	%	41.8	%
Purchase accounting	10.1	%	—	%
Effective tax rate	—	%	—	%