Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

The provision for income taxes differs from the amount computed at federal statutory rates as follows for the year ended December 31:


	2022		2021
Federal income tax at statutory rates	$	(16,654)	$	(15,149)
State income tax at statutory rates	(2,737)		(2,192)
Change in valuation allowance	19,994		14,864
Warrant (benefit) expense(1)	(1,331)		(2,067)
Convertible notes conversion	—		5,473
Transaction costs	—		(941)
Other	757		43
Total income tax provision	$	29	$	31

(1) Represents a permanent item attributed to common stock mark-to-market adjustments.

Significant components of the Company’s deferred income tax assets (liabilities) are as follows as of December 31:


	2022		2021
Deferred tax assets
Accrued liabilities	$	2,734	$	987
Stock-based compensation	2,452		740
163(j) Interest expense limitation	1,051		780
Net operating loss carryforwards	38,042		27,339
174 Capitalization	5,379		—
Lease Liability	800		—
Other	802		836
Total deferred income tax assets	$	51,260	$	30,682
Deferred tax liabilities
ROU Asset	$	(554)	$	—
Other	(30)		—
Total deferred tax liabilities	$	(584)	$	—
Valuation allowance	$	(50,676)	$	(30,682)
Net deferred tax asset (liability)	$	—	$	—