Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
The components of income tax expense consisted of the following:
Year Ended December 31, 2021
Current income tax expense (benefit):
Federal$— 
State— 
Deferred income tax expense (benefit):
Federal1,942 
State416 
Total income tax expense (benefit)$2,358 
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the U.S. statutory income tax rate to the Company's effective income tax rate is as follows:
Year Ended December 31, 2021
Statutory federal tax rate21.00 %
State income taxes, net of federal benefit4.50 %
Permanent items(0.55)%
Income attributable to noncontrolling interests(25.20)%
Effective income tax rate(0.25)%
Schedule of Deferred Tax Assets and Liabilities
Details of the Company’s deferred tax assets and liabilities are as follows:
Year Ended December 31, 2021
Deferred tax assets:
Reserves$216 
Accrued expenses127 
Deferred revenue9,899 
Derivatives40 
Stock-based compensation102 
Investment in MarketWise, LLC28,981 
Net operating loss carryforwards1,260 
Investment in flow-through partnerships296 
Lease liabilities158 
Fixed asset9 
Charitable contributions25 
Intangibles1,057 
Total deferred tax assets$42,170 
Deferred tax liabilities
Deferred expense$(3,959)
Related party interest(53)
Right of use asset(213)
Total deferred tax liabilities$(4,225)
Valuation allowance(28,981)
Net deferred tax assets (liabilities)$8,964