XML 46 R35.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax | Income (loss) before provision for income taxes consisted of the following:
(in thousands) | December 31, 2021 |  | December 31, 2020
United States | $ | 43,645 |  |  | $ | (29,162) |
International | (1,554) |  |  | (1,141) |
Income (loss) before provision for income taxes | $ | 42,091 |  |  | $ | (30,303) |
Schedule of Federal and State Income Tax Provision | The federal and state income tax expense is summarized as follows:
(in thousands) | December 31, 2021 |  | December 31, 2020
Current |  |  |
Federal | $ | — |  |  | $ | — |
State | 3 |  |  | 2 |
International | — |  |  | — |
Total current tax expense | 3 |  |  | 2 |
Deferred |  |  |
Federal | — |  |  | — |
State | — |  |  | — |
International | — |  |  | — |
Total deferred tax expense | — |  |  | — |
Total tax expense | $ | 3 |  |  | $ | 2 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of significant items comprising the Company's deferred taxes are as follows:
(in thousands) | December 31, 2021 |  | December 31, 2020
Deferred tax assets |  |  |
Net operating loss carryforwards | $ | 24,899 |  |  | $ | 18,400 |
Available for Sale Securities | 390 |  |  | — |
Lease liability | 341 |  |  | — |
Other | 230 |  |  | 149 |
Fixed assets and intangibles | 89 |  |  | 114 |
Total deferred tax assets | 25,949 |  |  | 18,663 |
Deferred tax liabilities |  |  |
ROU asset | (344) |  |  | — |
Total deferred tax liabilities | (344) |  |  | — |
Valuation allowance | (25,605) |  |  | (18,663) |
Net deferred taxes | $ | — |  |  | $ | — |
Schedule of Effective Tax Rate | The effective tax rate of the Company's provision (benefit) for income taxes differs from the federal statutory rate as follows:
| December 31, 2021 |  | December 31, 2020
Statutory rate | 21.0 | % |  | 21.0 | %
State tax | (1.3) |  |  | (0.1) |
Warrants, BCF, and other equity items | (33.3) |  |  | (13.1) |
Valuation allowance | 15.6 |  |  | (6.4) |
Other | (0.2) |  |  | (0.1) |
Foreign rate differential | (0.2) |  |  | 0.2 |
Stock-based compensation | (1.6) |  |  | (1.5) |
Total | — | % |  | — | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration