Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of reconciliation of the federal statutory income tax rate
    Years Ended
December 31,
 
    2021     2020  
Federal statutory rate   $ (37,290 )     21.00 %   $ (14,112 )     21.00 %
Effect of:                                
State taxes, net of federal tax benefit     (6,324 )     3.56 %     (1,377 )     2.05 %
Deferred rate change     (367 )     0.21 %     (89 )     0.13 %
Change in fair value of subordinated convertible notes     8,794       (4.95 )%    
     
%
Change in fair value of warrant liability     8,322       (4.69 )%    
     
%
Accrued dividends on redeemable convertible preferred stock    
     
%     3,614       (5.38 )%
Return to provision     3,453       (1.94 )%                
Other permanent differences     (473 )     0.27 %     3,320       (4.94 )%
Other     1,180       (0.66 )%     1,084       (1.61 )%
Change in valuation allowance     22,761       (12.83 )%     7,566       (11.26 )%
Total   $ 56       (0.03 )%   $ 6       (0.01 )%

 

Schedule of income tax (benefit) expense
    Years Ended
December 31,
 
    2021     2020  
Current:            
Federal   $
    $  
State     56       6  
      56       6  
                 
Deferred taxes    
     
 
Income tax benefit   $ 56     $ 6  

 

Schedule of net deferred tax assets and liabilities
    December 31,  
    2021     2020  
Net operating loss carryforwards   $ 72,867     $ 57,092  
Allowance for losses on finance receivables     6,318       2,283  
Research and development credit     1,173       1,173  
Stock compensation     326       206  
Legal reserve     465      
 
Other     2,317       387  
Total deferred tax assets, gross     83,466       61,141  
Less: valuation allowance     (81,860 )     (59,099 )
Total deferred tax assets, net     1,606       2,042  
                 
Deferred finance receivable fees and costs, net     (261 )     (154 )
Depreciation of furniture and equipment     (1,312 )     (1,888 )
Other     (33 )    
 
Total deferred tax liabilities     (1,606 )     (2,042 )
Total deferred tax assets (liabilities), net   $
    $