Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Loss Before Provision (Benefit) for Income Taxes

Our loss before provision (benefit) for income taxes for the years ended December 31, 2021 and 2020 consisted of the following (in thousands):

	Year Ended December 31,
	2021			2020
Domestic	$	206		$	—
Foreign		(68,017	)		(12,042	)
Total	$	(67,811	)	$	(12,042	)

Schedule of Provision for Income Taxes

Our provision for income taxes consists of the following (in thousands):

	Year Ended December 31,
	2021			2020
Current:
Federal	$	114		$	—
State		23			—
Foreign		18			—
		155			—
Deferred:
Federal		(72	)		—
State		(15	)		—
Foreign		—			—
		(87	)		—
Total provision for income taxes	$	68		$	—

Reconciliation of the Statutory Income Tax Rate to our Effective Income Tax Rate

The reconciliation of the statutory income tax rate to our effective income tax rate is as follows:

	Year Ended December 31,
	2021			2020
Income tax benefit at the statutory rate		21.0	%		21.0	%
Permanent differences		(6.5	)		(2.2	)
Difference in tax rate		1.0			1.0
Change in valuation allowance		(15.6	)		(19.8	)
Total		(0.1	%)		—	%

Schedule of Principal Components of Deferred Tax Assets

The principal components of the Company’s deferred tax assets consisted of the following (in thousands):

	December 31,
	2021			2020
Deferred tax assets:
Net operating loss carryforwards	$	14,693		$	5,234
Share-based compensation expense		345			71
Accrued compensation		88			—
Other		73			74
Total deferred tax assets	$	15,199		$	5,379
Valuation allowance		(15,112	)		(5,379	)
Net deferred tax assets	$	87		$	—