Post-effective amendment to a registration statement that is not immediately effective upon filing

Income Taxes (Tables)

v3.22.1
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

 

$

 

 

$