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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

Net deferred income tax assets consist of the following components as of December 31, 2023 and 2022:

			As of December 31,
(Amounts in thousands)			2023						2022
Deferred tax assets (liabilities):
Net operating loss carryforwards			$	114,028					$	70,296
Accrued settlements			5,216						—
Pass-through equity interests			8,830						—
Fair market value adjustments			(12,763)						—
Tax credit carryforwards			1,643						1,643
Reserves			3,429						3,352
Stock-based compensation			2,350						2,843
Depreciation and amortization			(55,130)						(19,109)
Interest expense carryforward			6,979						8,697
Right of use assets			442						179
Other			(156)						1,452
Total deferred tax assets, net			74,868						69,353
Less valuation allowance			(74,868)						(69,353)
Net deferred tax assets			$	—					$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision for income taxes with the amounts computed by applying the statutory Federal income tax to income before provision for income taxes is as follows:

			Years Ended December 31,
			2023						2022
U.S. federal statutory rate			21.0		%				21.0		%
State taxes, net of federal benefit			6.4		%				4.9		%
Change in fair value of warrant liability			0.1		%				1.6		%
Option and RSU expense			0.4		%				0.2		%
Other			(8.6)		%				(1.5)		%
True-up to prior years' return			7.8		%				0.8		%
Change in valuation allowance			(9.2)		%				(37.1)		%
Purchase accounting			(17.9)		%				10.1		%
Effective tax rate			—		%				—		%

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- References

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- 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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

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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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

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