Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes

Schedule of income before income taxes

	Year Ended December 31,
	2023		2022
	(in thousands)
United States	$	(71,845)	$	(40,012	)
Foreign		331		(132	)
Total	$	(71,514)	$	(40,144	)

Schedule of provision for income taxes

	Year Ended December 31,
	2023			2022
	(in thousands)
Benefit (Provision) for income taxes:
Current:
Federal	$	—		$	—
State		(21	)		(1	)
Foreign		(122	)		(90	)
Total current	$	(143	)	$	(91	)
Deferred:
Federal		—			—
State		—			—
Foreign		(78	)		119
Total deferred	$	(78	)	$	119
Benefit (provision) for income taxes:	$	(221	)	$	28

Schedule of federal statutory income tax rate

	Year Ended December 31,
	2023			2022
Income Tax Expense at Federal Statutory Rate		21.00	%		21.0	%
Permanent items		(1.23)	%		12.61	%
State taxes, net of federal tax effect		5.49	%		4.38	%
Change in Valuation Allowance		(45.30)	%		(34.93)	%
Other permanent differences		3.84	%		(4.77)	%
Rate change		15.90	%		1.78	%
Effective income tax rate		(0.30)	%		0.07

Schedule of deferred tax assets and liabilities

	Year Ended December 31,
	2023		2022
	(in thousands)
Deferred tax assets, net
Net operating loss carryforwards	$	35,260	$	19,316
Stock Compensation		1,235		765
Basis in underlying investments		82,279		70,148
Other Deferred Balances		3,866		116
Gross deferred tax assets	$	122,640	$	90,345
Valuation allowance		(121,269)		(88,874	)
Deferred tax assets, net of valuation allowance	$	1,371	$	1,471
Deferred tax liabilities
Intangibles		(1,371)		(1,497	)
Total deferred tax liabilities	$	(1,371)	$	(1,497	)
Total net deferred tax (liability) asset	$	—	$	(26	)