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v3.23.3

INCOME TAX (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2023 | Dec. 31, 2022
Schedule of significant components of the Company's deferred tax assets | The components of deferred tax assets and liabilities were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31,
​ |  | 2022 |  | 2021
Deferred tax assets: |  | ​ |  |  | ​ |
Accrued compensation | ​ | $ | 296 | ​ | $ | 289
Accrued other expense | ​ |  | 123 | ​ |  | 114
Stock compensation | ​ |  | 5,303 | ​ |  | 3,913
Start-up costs and other intangibles | ​ |  | 13,727 | ​ |  | 14,104
Lease liability | ​ |  | 157 | ​ |  | 219
Net operating losses | ​ |  | 20,131 | ​ |  | 13,536
Capitalized Research and Development Expenses | ​ |  | 6,387 | ​ |  | —
Other | ​ |  | 32 | ​ |  | 22
​ | ​ |  | 46,156 | ​ |  | 32,197
Less: valuation allowance | ​ |  | (45,928) | ​ |  | (31,939)
Total deferred tax assets | ​ |  | 228 | ​ |  | 258
Deferred tax liabilities: | ​ |  |  | ​ |  |
Depreciation | ​ |  | (89) | ​ |  | (40)
ROU Asset | ​ |  | (139) | ​ |  | (218)
Total deferred tax liabilities | ​ |  | (228) | ​ |  | (258)
Net deferred income taxes | ​ | $ | — | ​ | $ | —
Schedule of reconciliation of the total income tax provision tax rate to the statutory federal income tax rate | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |
​ | ​ | 2022 | ​ | 2021 |
Income tax at statutory rate |  | 21.0 | % | 21.0 | %
Convertible notes |  | (1.8) | % | 0.3 | %
Stock compensation |  | (0.5) | % | (0.4) | %
Change in valuation allowance |  | (18.7) | % | (20.9) | %
Effective tax rate |  | 0.0 | % | 0.0 | %
PRIVETERRA ACQUISITION CORP. |  |
Schedule of significant components of the Company's deferred tax assets |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2022 |  | 2021
Deferred tax assets |  | ​ |  |  | ​ |
Net operating loss carryforward | ​ | $ | — | ​ | $ | 25,360
Startup Costs | ​ |  | 1,231,442 | ​ |  | 364,454
Unrealized gain/loss - Trust | ​ | ​ | (588,900) | ​ | ​ | —
Total deferred tax assets | ​ |  | 642,542 | ​ |  | 389,814
Valuation allowance | ​ |  | (1,231,441) | ​ |  | (389,814)
Deferred tax assets, net of allowance | ​ | $ | (588,899) | ​ | $ | —
​
Schedule of income tax provision |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, | ​ | December 31,
​ |  | 2022 |  | 2021
Federal |  | ​ |  |  | ​ |
Current | ​ | $ | 230,537 | ​ | $ | —
Deferred | ​ |  | (119,370) | ​ |  | (389,814)
State | ​ |  | ​ | ​ |  | ​
Current | ​ | $ | 63,893 | ​ | $ | ​
Deferred | ​ |  | (133,358) | ​ |  | —
Change in valuation allowance | ​ |  | 841,627 | ​ |  | 389,814
Provision for income taxes | ​ | $ | 883,329 | ​ | $ | —
​
Schedule of reconciliation of the total income tax provision tax rate to the statutory federal income tax rate |  | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |
​ |  | 2022 |  | 2021 |
​ | ​ | ​ | ​ | ​ | ​
Statutory federal income tax rate |  | 21.0 | % | 21.0 | %
State taxes, net of federal tax benefit | ​ | 5.5 | % | 0.0 | %
State tax credit | ​ | (0.2) | % | 0.0 | %
Deferred tax liability change in rate | ​ | (1.4) | % | 0.0 | %
Business combination expense | ​ | 0.7 | % | 0.0 | %
Penalties and interest | ​ | 0.1 | % | 0.0 | %
Offering costs |  | 0.0 | % | 1.7 | %
Change in fair value of warrant liability |  | (24.5) | % | (27.4) | %
Reduction in deferred underwriting fee | ​ | (0.6) | % | 0.0 | %
Valuation allowance |  | 11.6 | % | 4.7 | %
Income tax provision |  | 12.2 | % | 0.0 | %
​

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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 + Details
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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 -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 + Details
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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 + Details
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