Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax

Income (loss) before provision for income taxes consisted of the following:

(in thousands)	December 31, 2021		December 31, 2020
United States	$	43,645	$	(29,162)
International	(1,554)		(1,141)
Income (loss) before provision for income taxes	$	42,091	$	(30,303)

Schedule of Federal and State Income Tax Provision

The federal and state income tax expense is summarized as follows:

(in thousands)	December 31, 2021		December 31, 2020
Current
Federal	$	—	$	—
State	3		2
International	—		—
Total current tax expense	3		2
Deferred
Federal	—		—
State	—		—
International	—		—
Total deferred tax expense	—		—
Total tax expense	$	3	$	2

Schedule of Deferred Tax Assets and Liabilities

The tax effects of significant items comprising the Company's deferred taxes are as follows:

(in thousands)	December 31, 2021		December 31, 2020
Deferred tax assets
Net operating loss carryforwards	$	24,899	$	18,400
Available for Sale Securities	390		—
Lease liability	341		—
Other	230		149
Fixed assets and intangibles	89		114
Total deferred tax assets	25,949		18,663
Deferred tax liabilities
ROU asset	(344)		—
Total deferred tax liabilities	(344)		—
Valuation allowance	(25,605)		(18,663)
Net deferred taxes	$	—	$	—

Schedule of Effective Tax Rate

The effective tax rate of the Company's provision (benefit) for income taxes differs from the federal statutory rate as follows:

	December 31, 2021		December 31, 2020
Statutory rate	21.0	%	21.0	%
State tax	(1.3)		(0.1)
Warrants, BCF, and other equity items	(33.3)		(13.1)
Valuation allowance	15.6		(6.4)
Other	(0.2)		(0.1)
Foreign rate differential	(0.2)		0.2
Stock-based compensation	(1.6)		(1.5)
Total	—	%	—	%