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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision (benefit) for income taxes are as follows:

						Year ended December 31,
(In thousands)						2022						2021						2020
Current:
Federal						$	—					$	—					$	—
State						229						87						—
Total current						$	229					$	87					$	—
Deferred:
Federal						(213)						42						—
State						(477)						43						—
Total deferred						(690)						85						—
Total provision (benefit) for income taxes						$	(461)					$	172					$	—

Schedule of Effective Income Tax Rate Reconciliation

The provision (benefit) for income taxes results in effective rates that differ from the statutory rates. The following is a reconciliation of income tax expense (benefit) computed at the statutory federal income tax rate to the total tax expense (benefit) computed at the effective tax rate:

						Year ended December 31,
(In thousands)						2022												2021												2020
Computed tax at federal statutory rate applied to pre-tax loss						$	(12,403)					21.0		%				$	(9,797)					21.0		%				$	(10,785)					21.0		%
State income tax, net of federal tax benefit						(2,437)						4.1		%				(3,927)						8.4		%				(1,708)						3.3		%
Unrealized loss (gain) on tranche liability						—						—		%				—						—		%				2,825						(5.5)		%
Stock-based compensation						1,815						(3.1)		%				(14,905)						31.9		%				(746)						1.5		%
Other permanent differences, net						279						(0.5)		%				388						(0.8)		%				174						(0.3)		%
Executive compensation						1,008						(1.7)		%				578						(1.2)		%				—						—		%
Exercise of warrants						—						—		%				1,162						(2.5)		%				—						—		%
Return to provision adjustments						(54)						0.1		%				(645)						1.4		%				—						—		%
Other						42						(0.1)		%				(111)						0.2		%				(81)						0.1		%
Change in valuation allowance						11,289						(19.1)		%				27,429						(58.8)		%				10,321						(20.1)		%
Total						$	(461)					0.7		%				$	172					(0.4)		%				$	—					—		%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s net deferred tax assets and liabilities were as follows as of December 31, 2022 and 2021:

			December 31,
(In thousands)			2022						2021
Deferred tax assets:
Deferred revenue			$	5,631					$	5,440
Deferred rent			—						1,453
Accrued expenses			1,816						1,806
Stock-based compensation			6,233						1,927
Net operating loss carryforward (federal and state)			78,073						71,055
Reserve for customer credits			246						290
Goodwill			—						334
Intangible assets			—						247
Capitalized research and development costs			14,312						—
Lease liabilities			4,872						—
Other			328						339
Total deferred tax assets			111,511						82,891
Valuation allowance for deferred tax assets			(96,256)						(81,634)
Deferred tax assets, net of valuation allowance			15,255						1,257
Deferred tax liabilities:
Fixed assets			(459)						(637)
Right of use assets			(3,670)						—
Goodwill			(3,702)						—
Intangible assets			(7,850)						—
Deferred implementation costs			(1,286)						(705)
Total deferred tax liabilities			(16,967)						(1,342)
Deferred income tax liabilities, net of deferred tax assets			$	(1,712)					$	(85)

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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