Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes

Schedule of reconciliation of the federal statutory income tax rate

	Years Ended
	December 31,
	2022		2021
Statutory federal income tax rate	21.00	%	21.00	%
State taxes, net of federal tax benefit	6.36		6.28
Net loss attributable to NCI/non-taxable partnership structure	(25.64)		(32.10)
Change in fair value of warrant liability	9.43		14.69
Tax credits	1.10		0.89
Other permanent items	(0.29)		(0.06)
Change in fair value of earnout liability	0.91		1.05
Transaction costs	—		0.67
Change in valuation allowance	(12.87)		(12.42)
Effective tax rate	—	%	—	%

Schedule of components of net deferred tax assets

	December 31,		December 31,
(in thousands)	2022		2021
Deferred tax assets:
Investment in partnership	$	119,033	$	115,667
Tax credit carryforwards		1,537		513
Net operating loss carryforwards		13,794		6,048
Total deferred tax assets		134,364		122,228
Less valuation allowance		(134,364)		(122,228)
Deferred tax assets, net of valuation allowance	$	—	$	—