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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of loss before income taxes

The loss before income taxes includes the following components (in thousands):

Schedule of loss before income taxes

		For the Years Ended December 31,
		2021				2020				2019
United States		$	377,421			$	608,950			$	43,399
International			8,223				102				-
Loss before income taxes		$	385,644			$	609,052			$	43,399

Schedule of Benefit of Income Taxes

The benefit of income taxes for the years ended December 31, 2021, 2020 and 2019 consist of the following (in thousands):

 Schedule of Benefit of Income Taxes

		For the Years Ended December 31,
		2021				2020				2019
U.S. Federal
Current		$	-			$	-				-
Deferred			2,082				7,930				4,302
State and local
Current			-				-				-
Deferred			599				1,730				970
Valuation allowance			-				-				-
Income tax benefit		$	2,681			$	9,660				5,272

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal rate to the Company’s effective tax rate is as follows:

 Schedule of Effective Income Tax Rate Reconciliation

		December 31,
		2021				2020					2019
Federal rate			21.00	%			21.00	%			21.00	%
State income taxes, net of federal benefit			0.16				0.28				4.74
Non-controlling interest			-				-				(0.82	)
Nexway activity and deconsolidation			-				(0.40	)			-
Common stock issued for services			-				-				(0.82	)
Incentive stock options			(2.42	)			(0.38	)			-
Change in fair value of derivative, warrant liability, and gain on extinguishment of convertible notes			0.14				(3.42	)			1.16
Amortization of debt discount			-				-				(0.13	)
Loss on investments			-				-				(1.81	)
Foreign rate differential			0.12				-				-
Goodwill impairment			-				(5.10	)			-
Change in valuation allowance			(18.80	)			(10.27	)			(9.49	)
Other			0.50				(0.12	)			-
Income tax benefit			0.70	%			1.58	%			13.83	%

Schedule of Deferred Tax Assets

The components of our deferred tax assets are as follows (in thousands):

 Schedule of Deferred Tax Assets

	December 31,
	2021					2020
Deferred tax assets:
Net operating losses	$	234,542				$	133,281
Accruals and deferrals		7,812					4,419
Stock based compensation		10,280					6,732
Interest expense limitation		11,945					4,409
Leasing assets		8,881					-
Other		27					1,965
Total deferred tax assets		273,487					150,806
Less: Valuation allowance		(219,609	)				(102,869	)
Net deferred tax assets	$	53,878				$	47,937
Deferred tax liabilities:
Intangible assets	$	47,503				$	51,736
Property and equipment		8,651					-
Other		155					1,301
Total deferred tax liabilities	$	56,309				$	53,037
Net deferred tax liabilities	$	2,431				$	5,100

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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.

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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.

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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.

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

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