Quarterly report pursuant to Section 13 or 15(d)

Shareholders??? Deficit (Tables)

v3.22.1
Shareholders’ Deficit (Tables)
 3 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
Schedule of shares of Class A common stock for issuance
      Nature of Reserve   As of
March 31,
2022		     As of
March 31,
2021		  
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.
     Adjustment reserve: Upon finalizing the merger consideration, in 2021, the Company issued 299,999 shares to former Onyx shareholders    
-
       300,000  
c.     EIP reserve: Shares reserved for future issuance under the stockholder approved Parts iD, Inc. 2020 Equity Incentive Plan     4,112,248       4,904,596  
d     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  
      Total shares reserved for future issuance     6,905,830       7,998,178