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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Summary Of Domestic And Foreign Components Of Loss Before Income Taxes

The following table presents domestic and foreign components of loss before income taxes for the year ended December 31, 2022 and 11 months ended December 31, 2021:

		Year Ended				11 Months ended
		December 31,				December 31,
		2022				2021
Domestic		$	(67,677)			$	(36,787)
Foreign			(3,844	)			(1,454	)
		$	(71,521)			$	(38,241)

Summary Of Components Of Deferred Tax Assets And Liabilities

the Company’s deferred income tax assets and liabilities as of December 31, 2022 and December 31, 2021, are as follows:

		December 31, 2022				December 31, 2021
Deferred tax assets:
Net operating loss carryforwards		$	61,313			$	46,553
Accruals and reserves			160				147
Stock-based compensation			5,233				744
Research and development credits			11				11
Intangible assets			11,509				32
ROU liability			2,507				—
Gross deferred assets			80,733				47,487
Deferred tax liabilities:
ROU asset			(2,289	)			—
Depreciation and amortization			(2,063	)			(1,420	)
Total deferred tax liabilities			(4,352	)			(1,420	)
Total net deferred tax assets			76,381				46,067
Valuation allowance			(76,381	)			(46,067	)
Net deferred tax assets		$	—			$	—

Summary Of Effective Income Tax Rate Reconciliation

the Company’s history of incurring losses which have not been benefited and other permanent differences. 

		Year Ended December 31, 2022		11 Months Ended December 31, 2021
Component		Rate Impact		Rate Impact
Total pre-tax book income		21%		21%
State and local income taxes		11%		0%
Fair market value adjustments		14%		0%
Non-deductible executive compensation		(4)%		0%
Goodwill impairment		(2)%		0%
Transaction costs		3%		0%
Other		0%		0%
Change in valuation allowance		(42)%		(21)%
Total:		0%		0%

Summary Of Unrecognized Tax Benefits Affecting The Effective Tax rate

A reconciliation of the beginning and ending amounts of unrecognized income tax benefits during the year is as follows:

Beginning balance at January 1, 2022		$	4,672
Current year increase (decrease)			—
Prior year adjustment—increase (decrease)			—
Ending balance at December 31, 2022		$	4,672

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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-Publisher FASB
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-SubTopic 10
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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
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Tabular disclosure of the change in unrecognized tax benefits.

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