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Income Taxes And Tax Receivable Agreement (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Tax

The provision for income taxes consists of the following:

		Year Ended December 31,
		2024				2023
Current
Federal		$	—			$	—
State			66				52
Total			66				52
Deferred
Federal			—				—
State			—				—
Total			—				—
Provision for income taxes		$	66			$	52

Summary of Reconciliation Between the Effective Tax Rate and the Applicable U.S. Federal Statutory Income Tax Rate

A reconciliation between the Company’s effective tax rate and the applicable U.S. federal statutory income tax rate is summarized as follows:

		Year Ended December 31,
		2024				2023
Tax computed at federal statutory rate			21.0	%			21.0	%
State tax, net of federal tax benefit			0.8	%			1.0	%
Permanent items and other			(6.3	)%			(0.6	)%
Non-controlling interests			(6.7	)%			(8.7	)%
Equity-based compensation			(4.1	)%			(3.5	)%
Valuation allowance			(5.0	)%			(9.5	)%
Effective Tax Rate			(0.3	)%			(0.3	)%

Schedule of Components that Comprise Net Deferred Tax Assets

The components that comprise the Company’s net DTAs s consist of the following:

		Year Ended December 31,
		2024				2023
Deferred tax assets
Investment in Zevia LLC		$	50,418			$	53,081
Net operating loss carryforwards			26,723				20,488
Equity-based compensation			1,251				1,795
Other temporary differences			526				177
Total deferred tax assets			78,918				75,541
Valuation allowance for deferred tax assets			(78,918	)			(75,541	)
Net deferred tax assets		$	—			$	—

Summary of Activity Related to Valuation Allowance

The following table summarizes the activity related to the Company’s valuation allowance:

		Year Ended December 31,
		2024				2023
Balance, beginning of the year		$	75,541			$	72,662
Increases related to current year positions			3,377				2,879
Balance, end of the year		$	78,918			$	75,541

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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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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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-Topic 740
-SubTopic 10
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-Section 50
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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.

+ References

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-Topic 740
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-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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