General form of registration statement for all companies including face-amount certificate companies

Income Tax (Tables)

v3.22.0.1
Income Tax (Tables) - CIK 001836707 SBEA Merger Sub LLC
12 Months Ended
Dec. 31, 2021
Schedule of net deferred tax assets

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​

​

​

​

​

    

December 31, 

​

    

2021

Deferred tax asset

​

  

​

Organizational costs/Startup expenses

​

$

259,120

Capitalized costs related to merger

​

 

—

Federal net operating loss

​

 

26,786

Total deferred tax asset

​

 

285,906

Valuation allowance

​

 

(285,906)

Deferred tax asset, net of allowance

​

$

—

Schedule of income tax provision

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​

​

​

​

​

​

December 31, 

​

    

2021

Federal

​

  

​

Current

​

$

—

Deferred

​

 

285,906

​

​

​

​

State

​

 

  

Current

​

 

—

Deferred

​

 

—

Change in valuation allowance

​

 

(285,906)

Income tax provision

​

$

—

Schedule of reconciliation of the federal income tax rate to the company's effective tax rate

​

​

​

​

​

Statutory federal income tax rate

    

21.0

%

State taxes, net of federal tax benefit

 

—

%

Change in fair value of warrant liability

 

(7.4)

%

Warrant transaction costs

 

(2.2)

%

Business combination expenses

 

(7.7)

%

Change in valuation allowance

 

(3.7)

%

Income tax provision

 

—

%