Quarterly report pursuant to Section 13 or 15(d)

Shareholders??? Deficit (Tables)

v3.23.3
Shareholders’ Deficit (Tables)
9 Months Ended
Sep. 30, 2023
Shareholders’ Deficit [Abstract]  
Schedule of Shares of Class A Common Stock for Issuance shares of Class A common stock for issuance as follows:
    Nature of Reserve   As of
September 30,
2023
    As of
December 31,
2022
 
a.   Indemnification reserve: Upon the expiration of the indemnification period of two years as described in the Business Combination agreement, subject to the payments of indemnity claims, if any, the Company will issue up to 750,000 shares to former Onyx shareholders     750,000       750,000  
b.   EIP reserve: Shares reserved for future issuance under the stockholder approved Parts iD, Inc. 2020 Equity Incentive Plan     2,935,496       3,212,078  
c.   ESPP reserve: Shares reserved for future issuance under the stockholder approved Parts iD, Inc. 2020 Employee Stock Purchase Plan     2,043,582       2,043,582  
d.   Warrants Reserve: Shares reserved for warrants issued to investors     25,470,279       1,000,000  
    Total shares reserved for future issuance     31,199,357       7,005,660