Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of loss before income taxes for the years ended December 31, 2023, 2022 and 2021 are as follows:

	Year Ended December 31,
	2023		2022		2021
United States	$	(140,371)	$	(49,948)	$	(117,761)
Foreign	7,005		(3,875)		(1,173)
Total	$	(133,366)	$	(53,823)	$	(118,934)

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes for the years ended December 31, 2023, 2022 and 2021 are as follows:

	Year Ended December 31,
	2023		2022		2021
Current expense:
Federal	$	96	$	—	$	—
State	23		224		8
Foreign	766		818		181
Total current expense:	$	885	$	1,042	$	189
Deferred expense:
Federal	$	(2,000)	$	—	$	—
State	(5)		—		—
Foreign	(3,414)		(2,077)		(516)
Total deferred expense:	$	(5,419)	$	(2,077)	$	(516)
Total income tax benefit	$	(4,534)	$	(1,035)	$	(327)

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets (liabilities) as of December 31, 2023 and 2022 are as follows:

	December 31,
	2023		2022
Investment in Ay Dee Kay, LLC	44,922		58,039
Net operating loss (“NOL”) carryforwards	57,289		13,458
Capitalized research and experimentation	4,232		—
Tax credits	5,374		—
Other deferred tax assets	$	1,783	$	116
Total deferred tax assets before valuation allowance	113,600		71,613
Valuation allowance	(109,701)		(70,040)
Deferred tax assets – net of valuation allowance	3,899		1,573
Other deferred tax liabilities	$	(1,214)	$	(104)
Intangibles	(16,381)		(9,292)
Total deferred tax liabilities	(17,595)		(9,396)
Net deferred tax liabilities	$	(13,696)	$	(7,823)

Summary of Valuation Allowance

Changes in the valuation allowance for deferred tax assets during the years ended December 31, 2023 and 2022, are as follows:

	2023		2022
Valuation Allowance as on January 1st	$	70,040	$	53,430
Increases recorded to tax provision	15,244		16,610
Increases recorded to goodwill	26,040		—
Decreases recorded as a benefit to income tax provision	(1,623)		—
Valuation Allowance as on December 31st	$	109,701	$	70,040

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the effective tax rate for the years ended December 31, 2023, 2022 and 2021 are as follows:

	December 31,
	2023		2022		2021
Income tax provision at U.S. statutory federal rate	$	(27,721)	$	(11,286)	$	(25,509)
State income tax provision, net of federal income tax effect	(1,216)		(5)		(5,891)
Foreign rate differential	(2,445)		(250)		22
Noncontrolling interest	4,858		1,844		6,764
Change in valuation allowance	19,511		6,728		24,150
Research and other tax credits	—		—		(270)
Section 162(m) addback on executive compensation	565		542		404
GILTI inclusion, net	2,881		1,301		—
Other	(967)		91		3
Provision for income taxes	$	(4,534)	$	(1,035)	$	(327)