PARTS iD (ID) S-1 14 Sep 21 IPO registration Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2021
Document Information Line Items
Entity Registrant Name	PARTS iD, Inc.
Document Type	S-1
Amendment Flag	false
Entity Central Index Key	0001698113
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Incorporation, State or Country Code	DE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash	$ 27,347,919	$ 22,202,706	$ 13,618,835
Accounts receivable	2,737,658	2,236,127	1,168,260
Inventory	6,296,871	4,856,265	3,399,376
Prepaid expenses and other current assets	4,558,380	5,811,332	2,703,882
Total current assets	40,940,828	35,106,430	20,890,353
Property and equipment, net	12,189,425	11,470,360	11,020,781
Intangible assets	237,752	237,752	222,483
Deferred tax assets	1,099,800	1,099,800	263,300
Other assets	267,707	267,707	267,707
Total assets	54,735,512	48,182,049	32,664,624
Current liabilities
Accounts payable	35,599,711	35,631,913	25,213,657
Customer deposits	19,536,703	16,185,648	8,599,914
Accrued expenses	6,493,160	5,468,570	4,950,406
Other current liabilities	4,093,366	3,592,782	2,867,219
Notes payable, current portion	9,233	19,706	24,627
Total current liabilities		60,898,619	41,655,823
Notes payable, net of current portion			15,971
Total liabilities	65,732,173	60,898,619	41,671,794
COMMITMENTS AND CONTINGENCIES (Note 6)
SHAREHOLDERS’ DEFICIT
Preferred stock, $0.0001 par value per share; 1,000,000 shares authorized and 0 issued and outstanding
Additional paid in capital	1,738,580		4,998,505
Accumulated deficit	(12,738,558)	(12,719,857)	(14,008,170)
Total shareholders’ deficit	(10,996,661)	(12,716,570)	(9,007,170)
Total Liabilities and Shareholder’s Deficit	54,735,512	48,182,049	32,664,624
Class F Common Stock
SHAREHOLDERS’ DEFICIT
Common stock, value
Class A Common Stock
SHAREHOLDERS’ DEFICIT
Common stock, value	$ 3,317	$ 3,287	$ 2,495

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Preferred stock par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, shares issued			24,950,958
Class F Common Stock
Common stock par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	10,000,000	10,000,000	10,000,000
Common stock, shares issued	0	0	0
Common stock, shares outstanding	0	0	0
Class A Common Stock
Common stock par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000	100,000,000
Common stock, shares issued	33,173,456	32,873,457	24,950,958
Common stock, shares outstanding	33,173,456	32,873,457	24,950,958

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net revenue	$ 130,409,332	$ 113,853,524	$ 239,482,960	$ 184,579,489	$ 400,832,371	$ 287,820,277
Cost of goods sold	104,270,051	89,655,601	190,510,070	145,212,766	315,027,012	226,603,934
Gross profit	26,139,281	24,197,923	48,972,890	39,366,723	85,805,359	61,216,343
Operating expenses:
Advertising	10,907,319	9,296,637	21,406,705	15,390,787	33,359,299	20,986,879
Selling, general and administrative	12,603,017	10,076,998	23,961,724	18,748,252	44,266,151	35,147,259
Depreciation	1,819,581	1,783,415	3,593,354	3,308,098	6,859,237	5,847,413
Total operating expenses	25,329,917	21,157,050	48,961,783	37,447,137	84,484,687	61,981,551
Income from operations	809,364	3,040,873	11,107	1,919,586	1,320,672	(765,208)
Interest expense	395	1,038	6,885	6,821	8,395	34,534
Income before income taxes	808,969	3,039,835	4,222	1,912,765	1,312,277	(799,742)
Income tax expense	182,857	766,120	22,923	483,620	(801,552)	(143,902)
Net income (loss)	626,112	2,273,715	(18,701)	1,429,145	2,113,829	(655,840)
Net income (loss)	626,112	2,273,715	(18,701)	1,429,145	2,113,829	(655,840)
Less: Preferred stocks dividends		125,000		250,000	15,442,697	500,000
Income (Loss) available to common shareholders	$ 626,112	$ 2,148,715	$ (18,701)	$ 1,179,145	$ (13,328,868)	$ (1,155,840)
Income (Loss) per common share
Basic income (loss) per share (in Dollars per share)	$ 0.02	$ 0.09	$ 0	$ 0.05
Weighted average number of shares (basic) (in Shares)	33,173,456	24,950,958	33,173,456	24,950,958
Diluted income (loss) per share (in Dollars per share)	$ 0.02	$ 0.09	$ 0	$ 0.05
Weighted average number of shares (diluted) (in Shares)	33,130,599	24,950,958	33,002,738	24,950,958
Loss per common share
Basic and diluted loss per share (in Dollars per share)					$ (0.52)	$ (0.05)
Weighted average number of shares (basic and diluted) (in Shares)					25,860,097	24,950,958

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Shareholders’ Deficit (Unaudited) - USD ($)	Class ACommon Stock	Class FCommon Stock	Preferred Stock	Additional Paid In Capital	Accumulated Deficit Amount	Total
Balance at Dec. 31, 2018	$ 2,495			$ 4,998,505	$ (12,852,330)	$ (7,851,330)
Balance (in Shares) at Dec. 31, 2018	24,950,958
Preferred stock dividend					(500,000)	(500,000)
Net income (loss)					(655,840)	(655,840)
Balance at Dec. 31, 2019	$ 2,495			4,998,505	(14,008,170)	(9,007,170)
Balance (in Shares) at Dec. 31, 2019	24,950,958
Preferred stock dividend					(125,000)	(125,000)
Net income (loss)					(844,570)	(844,570)
Balance at Mar. 31, 2020	$ 2,495			4,998,505	(14,977,740)	(9,976,740)
Balance (in Shares) at Mar. 31, 2020	24,950,958
Balance at Dec. 31, 2019	$ 2,495			4,998,505	(14,008,170)	(9,007,170)
Balance (in Shares) at Dec. 31, 2019	24,950,958
Preferred stock dividend					(442,697)	(442,697)
Acquisition of Legacy Acquisition Corp.	$ 536			238,951		239,487
Acquisition of Legacy Acquisition Corp. (in Shares)	5,362,152
Redemption of warrant in connection with acquisition of Legacy Acquisition Corp.	$ 256			(5,237,456)	(382,819)	(5,620,019)
Redemption of warrant in connection with acquisition of Legacy Acquisition Corp. (in Shares)	2,560,347
Net income (loss)					2,113,829	2,113,829
Balance at Dec. 31, 2020	$ 3,287				(12,719,857)	(12,716,570)
Balance (in Shares) at Dec. 31, 2020	32,873,457
Balance at Mar. 31, 2020	$ 2,495			4,998,505	(14,977,740)	(9,976,740)
Balance (in Shares) at Mar. 31, 2020	24,950,958
Preferred stock dividend					(125,000)	(125,000)
Net income (loss)					2,273,715	2,273,715
Balance at Jun. 30, 2020	$ 2,495			4,998,505	(12,829,025)	(7,828,025)
Balance (in Shares) at Jun. 30, 2020	24,950,958
Balance at Dec. 31, 2020	$ 3,287				(12,719,857)	(12,716,570)
Balance (in Shares) at Dec. 31, 2020	32,873,457
Share based compensation				28,824		28,824
Net income (loss)					(644,813)	(644,813)
Balance at Mar. 31, 2021	$ 3,287			28,824	(13,364,670)	(13,332,559)
Balance (in Shares) at Mar. 31, 2021	32,873,457
Issue of shares on release of working capital reserve	$ 30			(30)
Issue of shares on release of working capital reserve (in Shares)	299,999
Share based compensation				1,709,786		1,709,786
Net income (loss)					626,112	626,112
Balance at Jun. 30, 2021	$ 3,317			$ 1,738,580	$ (12,738,558)	$ (10,996,661)
Balance (in Shares) at Jun. 30, 2021	33,173,456

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities:
Net (loss) income	$ (18,701)	$ 1,429,145	$ 2,113,829	$ (655,840)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	3,593,354	3,308,098	6,859,237	5,847,413
Deferred income tax		451,098	(836,500)	(143,044)
Share based compensation	1,321,428
Gain sale of fixed assets			(3,228)	(500)
Changes in operating assets and liabilities:
Accounts receivable	(501,531)	(953,484)	(1,067,867)	(56,549)
Inventory	(1,440,606)	(1,969,866)	(1,456,889)	(631,233)
Prepaid expenses and other current assets	1,252,952	366,582	(2,777,595)	(115,471)
Accounts payable	(32,202)	19,455,978	10,418,256	79,901
Customer deposits	3,351,055	12,217,133	7,585,734	(756,598)
Accrued expenses	1,024,590	246,925	458,002	451,924
Other current liabilities	500,584	1,239,846	695,613	248,994
Net cash provided by operating activities	9,050,923	35,791,455	21,988,592	4,268,997
Cash Flows on Investing Activities:
Proceeds from sale of fixed assets			36,000	500
Purchase of property and equipment	(283,786)	(9,344)	(58,544)	(85,345)
Purchase of intangible assets			(15,269)	(5,570)
Website and software development costs	(3,611,451)	(3,443,447)	(7,283,044)	(7,108,461)
Net cash used in investing activities	(3,895,237)	(3,452,791)	(7,320,857)	(7,198,876)
Cash Flows from Financing Activities:
Principal paid on notes payable	(10,473)	(11,043)	(20,892)	(20,386)
Payments of preferred stock dividends		(250,000)	(442,697)	(500,000)
Cash payments for cancellation of Legacy warrants			(5,620,275)
Net cash used in financing activities	(10,473)	(261,043)	(6,083,864)	(520,386)
Net change in Cash	5,145,213	32,077,621	8,583,871	(3,450,265)
Cash, beginning of period	22,202,706	13,618,835	13,618,835	17,069,100
Cash, end of period	27,347,919	45,696,456	22,202,706	13,618,835
Supplemental disclosure of cash flows information:
Cash paid for interest	6,885	35,225	7,684	6,130
Cash paid for income taxes	$ 4,000			$ 3,200

Organization and Description of

Organization and Description of Business	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Organization and Description of Business	Note 1 – Organization and Description of Business Description of Business PARTS iD, Inc., a Delaware corporation (the “Company,” “PARTS iD,” “we” or “us”), is a technology-driven, digital commerce company focused on creating custom infrastructure and unique user experiences within niche markets. PARTS iD has a product portfolio comprising more than 17 million SKUs, an end-to-end digital commerce platform for both digital commerce and fulfillment, and a virtual shipping network comprising over 2,500 locations, nearly 5,000 active brands, and machine-learning algorithms for complex fitment industries such as vehicle parts and accessories. Management believes that the Company is a market leader and proven brand-builder, fueled by its commitment to delivering an engaging shopping experience; comprehensive, accurate and varied product offerings; and continued digital commerce innovation. Merger between Legacy Acquisition Corp. and Onyx Enterprises Int’l, Corp. On November 20, 2020, Legacy Acquisition Corp., a special purpose acquisition company and publicly traded “shell company” (as defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended) (“Legacy”), and Onyx Enterprises Int’l, Corp., a New Jersey corporation (“Onyx”), consummated a business combination (the “Business Combination”) pursuant to that Business Combination Agreement, dated as of September 18, 2020 (the “Business Combination Agreement”), by and among Legacy, Excel Merger Sub I, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Legacy and directly owned subsidiary of Merger Sub 2 as defined below (“Merger Sub 1”), Excel Merger Sub II, LLC, a Delaware limited liability company and direct wholly owned subsidiary of Legacy (“Merger Sub 2”), Onyx, and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the stockholder representative, pursuant to which: (a) Merger Sub 1 merged with and into Onyx, with Onyx surviving as a direct wholly-owned subsidiary of Merger Sub 2, (b) Onyx merged with and into Merger Sub 2, with Merger Sub 2 surviving as direct wholly-owned subsidiary of Legacy, and (c) Legacy changed its name from Legacy Acquisition Corp. to PARTS iD, Inc. and Merger Sub 2 changed its name to PARTS iD, LLC. At the effective time of the Business Combination, Legacy issued 24,950,958 shares of Class A common stock to Onyx shareholders and all outstanding shares of Legacy Class F common stock and warrants for Legacy Class A common stock were settled through a combination of cash, redemptions, cancellation and conversions into Class A common stock of the Company. In addition, all outstanding Onyx preferred shares were redeemed and settled through a combination of cash and issuance of Class A common stock of the Company. The Business Combination was treated as a recapitalization and reverse acquisition for financial reporting purposes. Onyx is considered the acquirer for accounting purposes, and Legacy’s historical financial statements before the Business Combination have been replaced with the historical financial statements of Onyx in this and future filings with the SEC. Accordingly, the operations of the Company are primarily comprised of the historical operations of Onyx and the financial position and result of operations of Legacy have been incorporated into the Company’s consolidated financial statements beginning on November 20, 2020, the effective date of the Business Combination. Similarly, the outstanding number of common shares of Onyx, its par value and Additional paid in capital (APIC) as of December 31, 2019 were adjusted to reflect the exchange of shares and its par value of the legal acquirer, Legacy.	Note 1 – Organization and Description of Business Description of Business PARTS iD, Inc., a Delaware corporation (the “Company,” “PARTS iD,” “we” or “us”), is a technology-driven, digital commerce company focused on creating custom infrastructure and unique user experiences within niche markets. PARTS iD has a product portfolio comprising more than 17 million SKUs, an end-to-end digital commerce platform for both digital commerce and fulfillment, and a virtual shipping network comprising over 2,500 locations, nearly 5,000 active brands, and machine-learning algorithms for complex fitment industries such as vehicle parts and accessories. Management believes that the Company is a market leader and proven brand-builder, fueled by its commitment to delivering an engaging shopping experience; comprehensive, accurate and varied product offerings; and continued digital commerce innovation. Merger between Legacy Acquisition Corp. and Onyx Enterprises Int’l, Corp. On November 20, 2020, Legacy Acquisition Corp., a special purpose acquisition company and publicly traded “shell company” (as defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended) (“Legacy”), and Onyx Enterprises Int’l, Corp., a New Jersey corporation (“Onyx”), consummated a business combination (the “Business Combination”) pursuant to that Business Combination Agreement, dated as of September 18, 2020 (the “Business Combination Agreement”), by and among Legacy, Excel Merger Sub I, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Legacy and directly owned subsidiary of Merger Sub 2 as defined below (“Merger Sub 1”), Excel Merger Sub II, LLC, a Delaware limited liability company and direct wholly owned subsidiary of Legacy (“Merger Sub 2”), Onyx, and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the stockholder representative, pursuant to which: (a) Merger Sub 1 merged with and into Onyx, with Onyx surviving as a direct wholly-owned subsidiary of Merger Sub 2, (b) Onyx merged with and into Merger Sub 2, with Merger Sub 2 surviving as direct wholly-owned subsidiary of Legacy, and (c) Legacy changed its name from Legacy Acquisition Corp. to PARTS iD, Inc. and Merger Sub 2 changed its name to PARTS iD, LLC. At the effective time of the Business Combination, Legacy issued 24,950,958 shares of Class A common stock to Onyx shareholders and all outstanding shares of Legacy Class F common stock and warrants for Legacy Class A common stock were settled through a combination of cash, redemptions, cancellation and conversions into Class A common stock of the Company. In addition, all outstanding Onyx preferred shares were redeemed and settled through a combination of cash and issuance of Class A common stock of the Company. The Business Combination was treated as a recapitalization and reverse acquisition for financial reporting purposes. Onyx is considered the acquirer for accounting purposes, and Legacy’s historical financial statements before the Business Combination have been replaced with the historical financial statements of Onyx in this and future filings with the SEC. Accordingly, the operations of the Company are primarily comprised of the historical operations of Onyx and the financial position and result of operations of Legacy have been incorporated into the Company’s consolidated financial statements beginning on November 20, 2020, the effective date of the Business Combination. Similarly, the outstanding number of common shares of Onyx, its par value and additional paid in capital (APIC) as of December 31, 2019 were adjusted to reflect the exchange of shares and its par value of the legal acquirer, Legacy. COVID-19 Global Pandemic The global spread of COVID-19 and related measures to contain its spread (such as government-mandated business closures and shelter in-place guidelines) have created significant volatility, uncertainty and economic disruption. Although the COVID-19 pandemic and related measures to contain its spread have not adversely affected the Company’s results of operations to date, they have adversely affected certain components of the Company’s business, including by increasing cancellations and shipping times. The extent to which the COVID-19 pandemic impacts the Company’s business, results of operations, financial condition and liquidity in the future will depend on numerous evolving factors that it cannot predict, including the duration and scope of the pandemic; any resurgence of the pandemic; governmental, business and individuals’ actions that have been and continue to be taken in response to the pandemic; the impact of the pandemic on national and global economic activity, unemployment levels and financial markets; the potential for shipping difficulties, including slowed deliveries to customers; and the ability of consumers to pay for products. The COVID-19 pandemic has generally resulted in a decrease in consumer spending, which could have an adverse impact on the Company through reduced consumer demand for its products and availability of inventory. Additionally, the COVID-19 pandemic has resulted in the Company’s employees working remotely for an indefinite period of time, which could negatively impact the Company’s business and harm productivity and collaboration. If there is a prolonged impact of COVID-19, it could adversely affect the Company’s business, results of operations, financial condition and liquidity, perhaps materially. The future impact of COVID-19 and related containment measures cannot be predicted with certainty and may increase the Company’s borrowing costs and other costs of capital and otherwise adversely affect its business, results of operations, financial condition and liquidity, and the Company cannot assure that it will have access to external financing at times and on terms it considers acceptable, or at all, or that it will not experience other liquidity issues going forward.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The consolidated financial statements are presented in U.S. dollars and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification (“ASC”) and as amended by Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“FASB”). In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of the financial position, results of operations and cash flows for the interim periods presented. The December 31, 2020 condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. Results for interim periods should not be considered indicative of results for any other interim period or for the full year. The consolidated financial statements include the accounts of PARTS iD, Inc. and its wholly-owned subsidiary PARTS iD, LLC. All intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Critical accounting estimates are estimates for which (a) the nature of the estimate is material due to the level of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance is material. The Company’s critical accounting estimates and assumptions affecting the financial statements include revenue recognition, return allowances, allowance for doubtful accounts, depreciation, inventory valuation, valuation of deferred income tax assets and the capitalization and recoverability of software development costs. Stock Compensation Policy Compensation expense related to stock option awards and restricted stock units granted to certain employees, directors and consultants is based on the fair value of the awards on the grant date. If the service inception date precedes the grant date, accrual of compensation cost for periods before the grant date is based on the fair value of the award at the reporting date. In the period in which the grant date occurs, cumulative compensation cost is adjusted to reflect the cumulative effect of measuring compensation cost based on fair value at the grant date rather than the fair value previously used at the service inception date or any subsequent reporting date. Forfeitures are recorded as they occur. The Company recognizes compensation cost related to time-vested options and restricted stock units with graded vesting features on a straight-line basis over the requisite service period. Compensation cost related to a performance-vesting options and performance-based units, where a performance condition or a market condition that affects vesting exists, is recognized over the shortest of the explicit, implicit, or defined service periods. Compensation cost is adjusted depending on whether or not the performance condition is achieved. If the achievement of the performance condition is probable or becomes probable, the full fair value of the award is recognized. If the achievement of the performance condition is not probable or ceases to be probable, then no compensation cost is recognized. Significant Accounting Policies There have been no significant changes from the significant accounting policies disclosed in Note 2 of the “Notes to Consolidated Financial Statements” included in our Annual Report on Form 10-K for the year ended December 31, 2020 (our “2020 Form 10-K”).	Note 2 – Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The consolidated financial statements are presented in U.S. dollars and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification (“ASC”) and as amended by Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“FASB”). The consolidated financial statements include the accounts of PARTS iD, Inc. and its wholly-owned subsidiary PARTS iD LLC. All intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Critical accounting estimates are estimates for which (a) the nature of the estimate is material due to the level of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance is material. The Company’s critical accounting estimates and assumptions affecting the financial statements include revenue recognition, return allowances, allowance for doubtful accounts, depreciation, inventory valuation, valuation of deferred income tax assets and the capitalization and recoverability of software development costs. Cash The Company considers all immediately available cash and any investments with original maturities of three months or less, when acquired, to be cash equivalents. Concentration of Credit Risk Financial instruments that expose the Company to a concentration of credit risk principally include cash and accounts receivable balances. The Company maintains all of its cash in high credit quality financial institutions located in the United States. Amounts on deposit may at times exceed the Federal Deposit Insurance Corporation (FDIC) insurance limit. The Company has not experienced any losses in such accounts. Accordingly, management believes that its credit risk relating to cash is minimal. The Company manages accounts receivable credit risk through its policy of limiting extensions of credit to customers. Substantially all customer orders are paid by credit card at the point of sale. Accounts Receivable Accounts receivable balances include amounts due from customers. The Company periodically reviews its accounts receivable balances to determine whether an allowance for doubtful accounts is necessary based on an analysis of past due accounts, historical occurrences of credit losses, existing economic conditions, and other circumstances that may indicate that the realization of an account is in doubt. As of December 31, 2020 and December 31, 2019, the Company determined that an allowance for doubtful accounts was not necessary. Inventory Inventories consist of purchased goods that are immediately available-for-sale and are stated at the lower of cost or net realizable value, determined using the first-in first-out method. Risk of loss and the transfer of title from the supplier to the Company occurs at the shipping point. Merchandise-in-transit directly from suppliers to customers is recorded in inventory until the product is delivered to the customer. As of December 31, 2020 and 2019, merchandise-in-transit amounted to $4,208,514 and $2,662,933, respectively. Other Current Assets Other current assets include advances to vendors and claims receivables from the vendors amounting to $3,708,759 and $1,620,043, as of December 31, 2020 and 2019, respectively. Website and Software Development The Company capitalizes certain costs associated with website and software developed for internal use in accordance with Accounting Standards Codification (“ASC”) 350-50, Intangibles – Goodwill and Other – Website Development Costs Intangibles – Goodwill and Other – Internal Use Software Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation of property and equipment is calculated on a straight-line basis over the estimated useful lives of the assets as follows: Asset Class Estimated useful lives Video and studio equipment 5 years Website and internally developed software 3 years Computer and electronics 5 years Vehicles 5 years Furniture and fixtures 5 years Leasehold improvements Lesser of useful life or lease term Intangible Assets Intangible assets consist of indefinite-lived domain names and are stated at cost less impairment losses, if any. The Company reviews its intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the intangible asset may not be recoverable. When such events occur, the Company compares the carrying amount of the asset to the undiscounted expected future cash flows related to the asset. If the comparison indicates that an impairment exists, the amount of the impairment is calculated as the difference between the excess of the carrying amount over the fair value of the asset. The Company has determined that there were no triggering events in the years ended December 31, 2020 and 2019, and no impairment charges were necessary. Revenue Recognition In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) Effective January 1, 2019 the Company elected to adopt ASU 2014-09 using the modified retrospective method which applied to all new contracts initiated on or after January 1, 2019 and all open contracts which had remaining obligations as of that date. Prior period amounts were not adjusted and continue to be reported in accordance with the Company’s historical accounting practices under Topic 605. The adoption of ASU 2014-09 did not have a material impact on the Company’s balance sheets and financial results for the year ended December 31, 2019 and there was no cumulative effect to accumulated deficit on the date of adoption. In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under its agreements, the Company performs the following steps (i) identifies contracts with customers; (ii) identifies performance obligation(s); (iii) determines the transaction price; (iv) allocates the transaction price to the performance obligation(s); and (v) recognizes revenue when (or as) the Company satisfies each performance obligation. The Company recognizes revenue on product sales through its website as the principal in the transaction as the Company has concluded it controls the product before it is transferred to the customer. The Company controls products when it is the entity responsible for fulfilling the promise to the customer and takes responsibility for the acceptability of the goods, assumes inventory risk from shipment through the delivery date, has discretion in establishing prices, and selects the suppliers of products sold. Sales discounts earned by customers at the time of purchase and taxes collected from customers, which are remitted to governmental authorities, are deducted from gross revenue in determining net revenue. Allowances for sales returns are estimated and recorded based on historical experience and reduce product revenue, inclusive of shipping fees, by expected product returns. Net allowances for sales returns at December 31, 2020 and 2019, were $1,062,077 and $495,697, respectively. The Company also earns advertising revenues through sales of media space on its e-commerce site. Advertising revenue is recognized during the period in which the advertisements are displayed on the Company’s e-commerce site. Advertising revenue amounted to $392,262 and $305,863 for the years ended December 31, 2020 and 2019, respectively. The Company has two types of contractual liabilities: (i) amount received from customers prior to the delivery of products are recorded as customer deposits in the accompanying balance sheets and are recognized as revenue when the products are delivered, amounting to $16,185,648 and $8,599,914 at December 31, 2020 and 2019, respectively and (ii) site credits (which are initially recorded in accrued expenses and are recognized as revenue in the period they are redeemed) amounting to $2,422,051 and $1,933,895 at December 31, 2020 and 2019, respectively. Cost of Goods Sold Cost of goods sold consists of the cost of product sold to customers, plus shipping and handling costs and shipping supplies, net of vendor rebates. Income Taxes The Company is a C-corporation for U.S. federal income tax purposes. Accordingly, the Company accounts for income taxes in accordance with the provisions of ASC 740 Income Taxes ASC 740 also provides guidance on the accounting for uncertain tax positions recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Based on the Company’s evaluation, management concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. The Company files U.S. federal and State of New Jersey tax returns and had no unrecognized tax benefits at December 31, 2020 and 2019. The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the years ended December 31, 2020 and 2019. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its filing positions. Earnings (Loss) Per share The Company used the two-class method to compute earnings per common share because the Company had issued preferred securities that entitled the holder to participate in dividends and earnings of the Company. Under this method, net income (loss) is reduced by any dividends earned during the period. The remaining earnings (undistributed earnings) are allocated to Class A common stock and each series of preferred stock to the extent that each preferred security may share in earnings as if all of the earnings for the period had been distributed. The total earnings allocated to common stock is then divided by the number of outstanding shares to which the earnings are allocated to determine the earnings per share. The two-class method is not applicable during periods with a net loss, as the holders of the preferred stock have no obligation to fund losses. Diluted net income per common share is computed under the two-class method by using the weighted-average number of shares of common stock outstanding, plus the potential dilutive effects of outstanding securities. There were no outstanding securities such as stock options, warrants, and convertible debt during the years ended December 31, 2020 and 2019. In addition, the Company analyzes the potential dilutive effect of the preferred stock under the “if-converted” method when calculating diluted earnings per share, in which it is assumed that the outstanding preferred stock converts into common stock at the beginning of the period or when issued if later. The Company reports the more dilutive of the approaches (two class or “if-converted”) as their diluted net income (loss) per share during the period. The following table sets forth the computation of basic and diluted income (loss) per share for the periods indicated below: For the year ended 2020 2019 Net income (loss) $ 2,113,829 $ (655,840 ) Less: Preferred stocks dividends 442,697 500,000 Less: Deemed Preferred dividends 15,000,000 - Loss available to common shareholders (13,328,868 ) (1,155,840 ) Weighted average number of shares (basic and diluted) 25,860,097 24,950,958 Basic and diluted earnings per share $ (0.52 ) $ (0.05 ) New Accounting Standards In February 2016, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842)

Property and Equipment

Property and Equipment	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property and equipment	Note 3 – Property and equipment Property and equipment consisted of the following as of: June 30, December 31, Website and software development $ 37,922,840 $ 33,894,207 Furniture and fixtures 850,511 843,575 Computers and electronics 956,101 696,684 Vehicles 430,162 430,162 Leasehold improvements 237,190 219,757 Video and equipment 176,903 176,903 Total - Gross 40,573,707 36,261,288 Less: accumulated depreciation (28,384,282 ) (24,790,928 ) Total - Net $ 12,189,425 $ 11,470,360 Property and equipment included the following amounts for assets recorded under capital leases. June 30, December 31, Gross value at cost $ 303,230 $ 303,230 Less: accumulated depreciation (280,790 ) (269,382 ) Net $ 22,440 $ 33,848 Depreciation of property and equipment for the three months ended June 30, 2021 and 2020 amounted to $1,819,581 and $1,783,415, respectively and for the six months ended June 30, 2021 and 2020 amounted to $3,593,354 and $3,308,098, respectively.	Note 3 – Property and Equipment Property and equipment consisted of the following as of: December 31, 2020 2019 Website and software development $ 33,894,207 $ 26,611,163 Furniture and fixtures 843,575 843,576 Computers and electronics 696,684 677,943 Vehicles 430,162 467,463 Leasehold improvements 219,757 219,757 Video and equipment 176,903 176,903 Total - Gross 36,261,288 28,996,805 Less: accumulated depreciation (24,790,928 ) (17,976,024 ) Total - Net $ 11,470,360 $ 11,020,781 Property and equipment included the following amounts for assets recorded under capital leases. December 31, 2020 2019 Gross value at cost $ 303,230 $ 343,433 Less: accumulated depreciation (269,382 ) (278,087 ) Net $ 33,848 $ 65,346 Depreciation of property and equipment for the years ended December 31, 2020 and 2019 amounted to $6,859,237 and $5,847,413, respectively.

Borrowings

Borrowings	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Borrowings	Note 4 – Borrowings Equipment Leases As of June 30, 2021 and December 31, 2020, the Company’s borrowings consisted of equipment leases at an interest rate of 12.35% per annum. The principal and interest payments extend through November 30, 2021. Future minimum lease payments under non-cancelable capital leases during the year ended June 30, are as follows: 2022 $ 9,520 Less: Interest expenses 287 Total $ 9,233	Note 4 – Borrowings Automobile and Equipment Leases As of December 31, 2020 and 2019, the Company’s borrowings consisted of automobile and equipment leases. Interest rates ranged from 4% to 12%. The principal and interest payments extend through November 30, 2021. Future minimum lease payments under non-cancelable capital leases as of December 31, 2020 were as follows: Year ending December 31, 2021 $ 20,943 Less: Interest expenses 1,237 Total $ 19,706

Shareholders' Deficit

Shareholders' Deficit	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Shareholders' Deficit	Note 5 – Shareholders’ Deficit Preferred Stock As of June 30, 2021, the Company had authorized for issuance a total of 1,000,000 shares of preferred stock, par value of $0.0001 per share (“Preferred Stock”), and as of that date, no shares of Preferred Stock were issued or outstanding. Common Stock Upon finalizing the calculation of the aggregate purchase price with respect to the Business Combination in April 2021, the Company released 299,999 shares of Class A common stock and $10 in cash in lieu of fractional shares to former Onyx shareholders pursuant to the Business Combination Agreement. As of June 30, 2021, the Company had 33,173,456 shares of Class A common stock outstanding and had reserved 7,698,178 shares of Class A common stock for issuance as follows: a) Indemnification reserve: Upon the expiration of the indemnification period of two years from the closing of the Business Combination 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 of Class A common stock to former Onyx shareholders. b) Equity Plans reserve: 4,904,596 shares of Class A common stock reserved for future issuance under the PARTS iD, Inc. 2020 Equity Incentive Plan, of which 2,968,881 shares of Class A Common Stock were subject to outstanding awards, and 2,043,582 shares of Class A common stock reserved for future issuance under the PARTS iD, Inc. 2020 Employee Stock Purchase Plan. Further, pursuant to the Business Combination Agreement, the Sponsor has a right to 1,502,129 shares of Class A common stock should its price exceed $15.00 per share for any thirty-day trading period during the 730 calendar days after the closing of the Business Combination.	Note 5 – Shareholders’ Deficit Preferred Stock In connection with the merger (Note 1), Legacy purchased all outstanding 1,000,000 shares of preferred stock of Onyx for payments of $9.0 million in cash and $11.0 million of the Company’s common stock, assumed by Legacy Acquisition Sponsor I LLC, a Delaware limited liability company (the “Sponsor”), through the transfer of 1,100,000 of the Sponsor’s shares of Legacy Class A common stock at $10.00 per share. This redemption of preferred stock was accounted for as an extinguishment and the Company recognized a deemed dividend of $15.0 million. Deemed dividend is calculated as the excess fair value of the $9.0 million cash and $11.0 million of the Company’s common stock over the $5.0 million carrying value of the preferred stock at the time of redemption. The deemed dividend is recognized as a component of net loss attributable to Class A common stockholders for purposes of computing basic and diluted earnings per share. Because the Company has an accumulated deficit, the deemed dividend and the redemption of preferred stock is recorded within additional paid in capital. As of December 31, 2020, the Company had authorized for issuance a total of 1,000,000 shares of preferred stock, par value of $0.0001 per share (“Preferred Stock”). As of December 31, 2020, no shares of Preferred Stock were issued or outstanding. The Certificate of Incorporation of the Company authorizes the Board to fix the voting rights, if any, designations, powers, preferences and relative, participating, optional, special, and other rights at the time of issuance of any Preferred Stock. As of December 31, 2019, there were 1,000,000 shares of Series A preferred stock outstanding. The preferred stock was non-voting and entitled to a 10% cumulative dividend and held certain liquidation preferences that were senior to the common stockholders. As of December 31, 2019, the Company recorded a liability for unpaid accrued dividends of $41,667. Common Stock As of December 31, 2020, the Company had 32,873,457 shares of Class A common stock outstanding and had reserved 7,998,178 shares of Class A common stock for issuance as follows: a) Adjustment reserve: Upon finalizing the Merger consideration, subject to the adjustments, if any, the Company will issue up to 300,000 Common shares to former Onyx shareholders. b) Indemnification reserve: Upon the expiration of the indemnification period of three years as described in the Business Combination Agreement, subject the payments of indemnity claims, if any, the Company will issue up to 750,000 Common shares to former Onyx shareholders. c) Equity Plans reserve: 4,904,596 shares reserved for future issuance under the Company’s 2020 Equity Incentive Plan and 2,043,582 shares reserved for future issuance under the Company’s 2020 Employee Stock Purchase Plan. Further, pursuant to the Business Combination Agreement, the Sponsor has a right to 1,502,129 shares of Class A common stock should its price exceed $15.00 per share for any thirty-day trading period during the 730 calendar days after the effective date of the Business Combination. Voting, Dividends, and Other Distributions Subject to the rights of Preferred stock, if any, the holders of Class A and Class F Common stock are entitled to a) one vote for each share on all matters that require stockholder approval, b) receive dividends and distributions as and when declared by the Board out of any assets or funds legally available therefor, equally on a per share basis, and c) share the distribution of all remaining or surplus assets, if any, in the event of liquidation, dissolution or winding up of the Company, ratably in proportion to the number of shares of Common stock held by them. Rights and Options The Company has the authority to create and issue rights, warrants and options entitling the holders thereof to acquire from the Company any shares of its capital stock of any class or classes, with such rights, warrants and options to be evidenced by or in instrument(s) approved by the Board. The Board is empowered to set the exercise price, duration, times for exercise and other terms and conditions of such rights, warrants or options; provided, however, that the consideration to be received for any shares of capital stock issuable upon exercise thereof may not be less than the par value thereof. The common stockholders do not carry any preemptive rights enabling them to subscribe for, or receive shares of, common stock or any other securities convertible into shares of common stock. As of December 31, 2019, the Company had issued 24,950,958 shares of common stock having equal voting rights (one share, one vote) and were entitled to dividends if and when declared by the Board of Directors, subject to the rights and provisions of Series A Preferred Stock outstanding at that time.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 6 – Commitments and Contingencies As of June 30, 2021, there were no material changes to the Company’s legal matters and other contingencies disclosed in our 2020 Form 10-K, except for the following. Seoul Semiconductor Co. LTD et. al. v. Onyx Enterprises Int’l Corp On May 15, 2020, the Company was sued for patent infringement by Seoul Semiconductor Company (“Seoul Semiconductors”), a designer of LED component packages and the manufacturing processes necessary to produce LED packages. The Civil Action is captioned as Seoul Semiconductor Co., LTD. and Seoul Viosys Co., LTD v. Onyx Enterprises Int’l Corp, Civil Action Number 2:20-cv-05955 and was heard in the United States District Court for the District of New Jersey. The Company did not have knowledge of these patents, nor does it manufacturer LEDs. Rather, the Company sources lighting products for sale on its platforms through third party manufacturers. Seoul Semiconductors sought a royalty for past sales and an agreement to source future LED components from one of its approved component manufacturers. On April 29, 2021, the Company and Seoul Semiconductors entered into a Settlement and Patent License Agreement, pursuant to which the Company paid a cash settlement to Seoul Semiconductors, and which contained a mutual release of certain claims each party may have had against the other as well as certain licensing terms. The final disposition of this matter did not have a material adverse effect on the Company’s balance sheets or results of operations. Stockholder Litigation and Business Combination Litigation With respect to the Stockholder Litigation (as defined and described in Note 6 of the “Notes to Consolidated Financial Statements” included in our 2020 Form 10-K, on March 4, 2021, the Founder Stockholders (as defined in such Note 6) filed a motion to preserve various causes of action related to the Business Combination and the claims for indemnification. That motion was denied without prejudice on June 22, 2021. On June 18, 2021, the Founder Stockholders filed a “Supplemental Complaint” in the Stockholder Litigation related to the indemnification claims. The clerk of the court dismissed their Supplemental Complaint because the court did not grant leave to file a supplemental complaint. The Founder Stockholders filed a motion objecting to the order denying their motion to preserve claims for future litigation and have asked the Special Master to opine on the Supplemental Complaint and to preserve those claims.	Note 6 – Commitments and Contingencies Operating Leases The Company has several non-cancelable operating leases for facilities and vehicles that expire over the next four years. Rental expense for operating leases was $1,220,408 and $1,261,399 for the years ended December 31, 2020 and 2019, respectively. Future minimum lease payments under non-cancelable operating leases as of December 31, 2020 are as follows: Year Ending December 31, 2021 $ 1,118,331 2022 932,774 2023 550,013 2024 46,181 $ 2,647,299 Legal Matters Closed matter: California Air Resources Board (CARB) v. Onyx Enterprises Int’l Corp. On September 18, 2018, the California Air Resources Board (“CARB”), first notified the Company of its allegations that between September 2015 and 2018, the Company offered for sale and/or sold products developed by third parties that were not exempted by CARB pursuant to 13 C.C.R. §§ 22220. On August 3, 2020, the Company entered into a Settlement Agreement and Release with CARB pursuant to which it did not admit fault, but agreed to pay a fine in the aggregate amount of $281,000, of which $140,500 is payable to fund a Supplemental Environmental Project entitled Installation of School Air Filtration Systems – El Centro (Imperial County). During the year ended December 31, 2020, the entire amount of $281,000 was paid to the respective authorities. The Company has also implemented a series of supplemental CARB compliance procedures with the goal of avoiding a recurrence of the situation that led to the alleged violation. Open Matters: Environmental Protection Agency (“EPA”) v. Onyx Enterprises Int’l, Corp. d/b/a CARiD On October 22, 2018, the U.S. Environmental Protection Agency (the “EPA”), submitted a formal information request asserting that the Company sold improper and illegal defeat devices in violation of the Clean Air Act (the “CAA”). The Company responded on December 2018. On July 16, 2020, the EPA presented the Company with a proposed notice of violation directed to a subset of sales performance parts that the EPA alleges were sold by the Company in violation of the CAA. The EPA did not propose an aggregate fine but identified 267 transactions as being in violation of the CAA. The products in question were sold by the Company in 2018 and have since been removed from its platform. On November 22, 2020, the Company provided a response to the EPA with analysis directed at the reasons the 267 transactions did not violate the CAA. Management believes that the EPA will propose a fine to the Company and the parties will negotiate a final disposition of this matter that will not have a material adverse effect on the Company’s balance sheets or results of operations. Seoul Semiconductor Co, LTD et. al. v. Onyx Enterprises Int’l Corp On May 15, 2020, the Company was sued for patent infringement by Seoul Semiconductor Company (“Seoul Semiconductors”), a designer of LED component packages and the manufacturing processes necessary to produce LED packages. The Civil Action is captioned as Seoul Semiconductor Co., LTD. and Seoul Viosys Co., LTD v. Onyx Enterprises Int’l Corp, Civil Action Number 2:20-cv-05955 Onyx Enterprises Int’l, Corp. v. IDParts, LLC On June 30, 2020, the Company initiated a trademark infringement action against IDParts, LLC (“IDParts”) for the unlawful use of “ID” to sell automotive products through its eCommerce platform found at “http://www.idparts.com. The Company first used “iD” to sell automotive products in March of 2009 on its ecommerce platform found at www.carid.com. The Civil Action is captioned as Onyx Enterprises Int’l, Corp. v. IDParts, LLC, Civil Action Number 1:20-cv-11253-RMZ Onyx Enterprises Int’l Corp v. Volkswagen Group of America, Inc. On August 4, 2020, Onyx initiated a trademark infringement action against Volkswagen Group of America, Inc. (“Volkswagen”) for the unlawful use of “ID” to brand its new line of electric vehicles due to be imported into the United States in 2021 and manufactured in Tennessee in 2022. The United States Patent and Trademark Office rejected Volkswagen’s application to register “ID” multiple times due to the Company’s priority over the mark in the automotive space. In 2019, Volkswagen approached the Company for a license to use ID for a royalty. When Volkswagen announced in July of 2020 that it would proceed with the launch using this branding, the Company filed suit. The Civil Action is captioned as Onyx Enterprises Int’l, Corp v. Volkswagen Group of America, Inc., Civil Action Number 3:20-cv-09976-BRM-ZNQ Lexidine LLC v. Onyx Enterprises Int’l Corp On January 20, 2021, Lexidine, LLC filed a patent infringement suit against the Company in the United States District Court for the District of New Jersey. The case is based upon United States Patent No. 7,609,961 and is directed toward certain OEM Fit 3rd Brake Light Cameras offered for sale by third party brands on the Company’s eCommerce platform. The matter has not been served. It is captioned as Lexidine LLC v. Onyx Enterprises Int’l Corp, d/b/a www.carid.com, Case No. 3:21-cv-00946. Lexidine is seeking monetary relief for the sale of allegedly infringing products as well as injunctive relief. Stockholder Litigation The Company (i) has been named as a defendant in Stanislav Royzenshteyn and Roman Gerashenko v. Prashant Pathak, Carey Kurtin, Ekagrata, Inc., Onyx Enterprises Canada Inc., Onyx Enterprises Int’l Corp., In Colour Capital, Inc., J. William Kurtin Onyx Enterprises Canada Inc. v. Stanislav Royzenshteyn and Roman Gerashenko and Onyx Enterprises Int’l, Corp. Prashant Pathak and Carey Kurtin v. Onyx Enterprises Int’l Corp. While the core dispute rests between the Founder Stockholders and the Investor Stockholder and Principals, the Investor Stockholder and Principals have made claims directly against the Company alleging that the Company has an obligation to indemnify certain individuals affiliated with the Investor Stockholder and Principals pursuant to director indemnification agreements signed by the Company and such individuals. In addition, the Founder Stockholders have tendered a demand for indemnification to the Company arising from certain claims asserted against them by the Investor Stockholder and Principals in the Stockholder Litigation. On March 13, 2019, the Founder Stockholders requested that the court not grant such relief to the Investor Stockholders and Principals. The Company also filed an answer to the complaint together with defenses to the claims for indemnification and have denied any wrongdoing or liability by the Company. Discovery is closed, but there are several pending discovery issues that remain outstanding. The Investor Stockholder and Principals filed a motion for summary judgment seeking dismissal of all of the claims brought by the Founder Stockholders, which motion was heard on February 19, 2021 and for which judgement is awaited. At this point in the Stockholder Litigation, with discovery issues outstanding, no opinion can be offered as to the potential outcome of the Stockholder Litigation or as to any potential exposure of the Company to any monetary judgment. Potential Claim by Former CEO On August 12, 2020, the former CEO of the Company, Mr. Royzenshteyn, a plaintiff in the Stockholder Litigation, filed a motion to amend the complaint in the Stockholder Litigation matter first listed above, to assert claims arising from the Board’s acceptance of his resignation as CEO. Mr. Royzenshteyn has asserted that he did not resign but was terminated by the Board in breach of his employment agreement. His proposed complaint seeks payment of his severance and damages from the Company associated with his alleged termination. Mr. Royzenshteyn’s motion to amend the complaint has been denied by the Special Discovery Master, but his proposed claims are preserved for any potential future action brought by him against the Company. The Special Master’s denial of this motion is awaiting approval of the judge assigned to the case. Management believes that Mr. Royzenshteyn’s claims are without merit, but at this early stage without any litigation actually having been commenced, it is not possible to determine the likelihood of success of any such claims and the potential amount of liability, if any, of any award that may be granted adverse to the Company. Any amount awarded as a result will be recorded in the period it occurs. Business Combination Litigation On October 3, 2020, counsel to the Investor Stockholder and Principals received a letter from counsel to the Founder Stockholders objecting to the Investor Stockholder’s use of the “drag-along right” under Section 4.5 of the Stockholders Agreement, dated July 17, 2015 ((the “Stockholders Agreement”), and the proxy granted pursuant to Section 5.1 of the Stockholders Agreement to execute (i) the stockholder written consent, dated September 18, 2020, approving the Business Combination Agreement and (ii) the Stockholder Support Agreements, in each case on behalf of the Founder Stockholders. The letter also describes the Business Combination as unlawful and threatens further unspecified actions by the Founder Stockholders. On October 15, 2020, the Founder Stockholders filed an order to show cause to preliminarily enjoin the Business Combination pending final adjudication of the Stockholder Litigation. On October 23, 2020, the Superior Court of New Jersey, Chancery Division, Monmouth County refused to grant a preliminary injunction and set the hearing date on the order to show cause for December 4, 2020. On October 26, 2020, the Founder Stockholders filed an application for permission to file emergent motion to request a temporary restraining order preventing the closing of the Business Combination prior to the hearing on December 4, 2020 with the Superior Court of New Jersey, Appellate Division, which such court denied. On October 27, 2020, the Founder Stockholders appealed the Appellate Division’s ruling to the Supreme Court of New Jersey. On October 28, 2020, the Supreme Court of New Jersey denied such appeal. On November 20, 2020, the Founder Stockholders requested another emergent motion before the Superior Court of New Jersey, Chancery Division, Monmouth County for a temporary restraining order preventing the closing of the Business Combination. The Superior Court of New Jersey, Chancery Division, Monmouth County denied that request by order dated November 20, 2020. The Founder Stockholders withdrew their order to show cause after the November 20, 2020 was entered. Misappropriation Action The Company commenced an action on November 24, 2020 against Stanislav Royzenshteyn, the Company’s former CEO, captioned PARTS iD, LLC v. Stanislav Royzenshteyn Other Matters The Company is subject to certain legal proceedings and claims which are common to, and arise in the ordinary course of, its business. Historically, the Company has been involved in legal proceedings or has received a variety of communications alleging that certain products marketed through its e-commerce distribution platform violate i) third-party intellectual property rights, including but not limited to copyrights, designs, marks, patents and trade names, ii) governmental regulation, including emission control regulations or iii) defective products or employee disputes. With regard to intellectual property rights, brand and content owners and others have actively asserted their alleged intellectual property rights against many online companies, including the Company. With regard to governmental regulation, the Company receives inquiries from governmental agencies that regulate the automobile industry to monitor compliance with emissions and other standards. With regard to defective products, the Company is covered by the vendor or manufacturer’s warranty. The Company has not incurred any material losses to date with respect to these types of matters nor does management believe that the final disposition of any such pending matters will have a material adverse effect on the Company’s financial position or results of operations. The Company accrued $375,000 and $75,000 as of December 31, 2020 and December 31, 2019, respectively in aggregate for the above open matters.

Employee Retirement Plan

Employee Retirement Plan	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Employee Retirement Plan	Note 7 – Employee Retirement Plan The Company maintains a 401(k)-defined contribution plan covering all full-time employees who have completed twelve months of service. The Company may, at its sole discretion, match up to a percentage of each participating employee’s salary. The Company’s contributions vest in annual installments over five years. The Company did not make any discretionary contributions during the years ended December 31, 2020 and 2019.

Sales Tax

Sales Tax	12 Months Ended
	Dec. 31, 2020
Retail Land Sales, Description [Abstract]
Sales Tax	Note 8 – Sales Tax On September 21, 2018, the U.S. Supreme Court issued a ruling in South Dakota v. Wayfair, Inc. Quill Corp v. North Dakota Wayfair

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 7 — Stock-Based Compensation During the three and six months ended June 30, 2021, selling, general and administrative expenses included $1,292,604 and $1,321,428 of stock-based compensation expense, respectively. During the three and six months ended June 30, 2021, the Company capitalized $417,182 of stock-based compensation expense, associated with awards issued to consultants who are directly associated with and who devote time to our internal-use software. Equity Incentive Plan In October 2020, in connection with the Business Combination, the Company’s stockholders approved the PARTS iD, Inc. 2020 Equity Incentive Plan (the “2020 EIP”). There are 4,904,596 shares of Class A common stock available for issuance under the 2020 EIP. The 2020 EIP became effective immediately upon the closing of the Business Combination. The 2020 EIP provides for the grant of stock options, including incentive stock options, non-qualified stock options, restricted stock, dividend equivalents, stock payments, restricted stock units, performance shares, other incentive awards, stock appreciation rights, and cash awards (collectively “awards”). The awards may be granted to employees and consultants of the Company’s affiliates and subsidiaries. Beginning in January 2021, the Company has granted both restricted stock units (“RSUs”) and restricted performance-based stock units (“PSUs”) as described below. Restricted Stock Units The following table summarizes the activity related to RSUs during the six months ended June 30, 2021: Weighted Restricted Average Stock Grant Date Units Fair Value Balance at January 1, 2021 - $ - Granted 2,346,381 $ 6.54 Balance at June 30, 2021 2,346,381 $ 6.54 The Company has granted RSUs that vest over a specified period, generally up to three years from the date of grant. Of the 2,346,381 RSUs granted during the six months ended June 30, 2021, 106,806 RSUs were granted to directors, of which 49,994 will vest on November 20, 2021 and the balance of 56,812 will vest on the earlier of June 8, 2022 or the date of the 2022 annual meeting of stockholders Performance Based Restricted Stock Units The following table summarizes the activity related to PSUs during the six months ended June 30, 2021: PSU Type Balance of Units Weighted Average grant date fair value Balance of PSUs subject to Net Revenue - 498,000 $ 8.02 498,000 PSUs subject to Cash Flow - 124,500 $ 6.04 124,500 Total - 622,500 622,500 During the six months ended June 30, 2021, the Company granted 622,500 PSUs to several employees and consultants that contain both service and performance-based vesting conditions. The PSUs will vest in March 2024 based upon the level of achievement of several Company-specific operational performance milestones for the three years ended December 31, 2023, as determined by the Compensation Committee of the Company. Of the 622,500 PSUs granted, 80%, or 498,000 PSUs, include net revenue performance-based vesting conditions that were established at the grant date. The remaining 20%, or 124,500 PSUs, granted are subject to cash flow performance-based vesting conditions, of which certain thresholds had not been established as of June 30, 2021. As a result, the service inception date of these remaining PSUs precedes the grant date associated with these PSUs and the recognition of compensation expense is based upon the fair value of these PSUs at June 30, 2021. See “Stock Compensation Policy” in Note 2 for more information. During the three and six months ended June 30, 2021, the Company recognized stock-based compensation expense associated with PSUs of $271,442 and $271,442, respectively. As of June 30, 2021, approximately $4.5 million of unamortized stock-based compensation expense was associated with outstanding PSUs, which is expected to be recognized over a weighted average period of 2.5 years.	Note 9 — Stock-Based Compensation Equity Incentive Plan In October 2020, in connection with the Business Combination, the Company’s stockholders approved the PARTS iD, Inc. 2020 Equity Incentive Plan (the “2020 EIP”). There are 4,904,596 shares of Class A common stock available for issuance under the 2020 EIP. The 2020 EIP became effective immediately upon the closing of the Business Combination. As of December 31, 2020, no awards had been made under the 2020 EIP. Employee Stock Purchase Plan In October 2020, in connection with the Business Combination, the Company’s stockholders approved the PARTS iD, Inc. 2020 Employee Stock Purchase Plan (the “2020 ESPP”). There are 2,043,582 shares of Class A common stock available for issuance under the 2020 ESPP. The 2020 ESPP became effective immediately upon the closing of the Business Combination. As of December 31, 2020, no shares had been issued under the 2020 ESPP.

Income Taxes

Income Taxes	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 8 – Income Taxes For the three months ended June 30, 2021 and 2020, the effective income tax rates were 22.60% and 25.20%, respectively; and for the six months ended June 30, 2021 and 2020, the effective income tax rates were 542.94% and 25.28%, respectively. The effective income tax rates differ from the federal statutory rate of 21% primarily due to the effect of state income taxes, share-based compensation and expenses not deductible for income tax purposes. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted in the United Sates. The CARES Act contains several tax provisions, including modifications to the NOL and business interest limitations as well as a technical correction to the recovery period for qualified improvement property. The Company has evaluated these provisions in the CARES Act and does not expect a material impact to its tax provision, except for the 80% of taxable income limitation in the future on the utilization of the Company’s NOLs. The Company does not currently anticipate any significant increase or decrease of the total amount of unrecognized tax benefits within the next twelve months. None of the Company’s U.S. federal or state income tax returns are currently under examination by the Internal Revenue Service (the “IRS”) or state authorities. However, fiscal years 2017 and later remain subject to examination by the IRS and respective states.	Note 10 – Income Taxes The income tax benefits consisted of the following: Current Federal $ - $ - State 34,951 (858 ) Sub-total 34,951 (858 ) Deferred Federal (813,189 ) (149,308 ) State (23,314 ) 6,264 Sub-total (836,503 ) (143,044 ) Total income tax $ (801,552 ) $ (143,902 ) For the years ended December 31, 2020 and 2019, the effective income tax rate of (61.1%) and 18.4%, respectively, differs from the federal statutory rate of 21% primarily due to the effect of state income taxes, expenses not deductible for income tax purposes and recognition of benefits accruing due to start-up costs of the Company incurred for the period prior to the Business Combination. The Company’s effective income tax rate reconciliation is as follows. December 31, 2020 2019 Federal statutory rate 21.00 % 21.00 % Permanent items 48.70 % (2.71 )% State and local taxes, net of federal taxes 1.91 % (0.85 )% Deferred rate changes 0.08 % 0.03 % Amortizable start-up costs and other (132.77 )% 0.93 % (61.08 )% 18.40 % The components of the Company’s net deferred tax (liabilities)/assets consisted of the following at: December 31, 2020 2019 Inventory capitalization $ 2,100 $ 2,300 Allowance for doubtful accounts 107,400 107,400 Accrued expenses 110,400 138,100 Charitable contribution - 5,300 Net operating loss carryforward 613,700 1,814,300 Accumulated depreciation (2,428,200 ) (2,330,900 ) Deferred revenue 1,027,200 526,800 Start-up costs 1,667,200 - Deferred tax assets, net $ 1,099,800 $ 263,300 As of December 31, 2020, the Company had $2,922,474 in federal net operating losses (“NOL”), all remaining from 2019 and accordingly available to offset future taxable income indefinitely however, these NOLs are subject to an 80% of taxable income limitation for all periods after January 1, 2021. It is possible that Internal Revenue Code (IRC) Section 382 may apply to these losses and limit their ability to be used in future periods. The analysis thereof has not yet been performed. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted in the United Sates. The CARES Act contains several tax provisions, including modifications to the NOL and business interest limitations as well as a technical correction to the recovery period for qualified improvement property. The Company has evaluated these provisions in the CARES Act and does not expect a material impact to its tax provision, except for the 80% of taxable income limitation in the future on the utilization of the Company’s NOLs. The Business Combination consummated on November 20, 2020 was treated as a double-merger for tax reporting purposes. For tax purposes, Onyx will file a short period final return for the year ended November 20th, 2020 and the Company will file a full calendar year return for the year ending December 31, 2020. For purposes of Section 382 of the Internal Revenue Code, the Company expects that all tax attributes will continue to be available as more than 50% of its equity continued to be held by the original shareholders of Onyx. The Company does not currently anticipate any significant increase or decrease of the total amount of unrecognized tax benefits within the next twelve months. None of the Company’s U.S. federal or state income tax returns are currently under examination by the Internal Revenue Service (the “IRS”) or state authorities. However, fiscal years 2017 and later remain subject to examination by the IRS and respective states.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The consolidated financial statements are presented in U.S. dollars and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification (“ASC”) and as amended by Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“FASB”). In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of the financial position, results of operations and cash flows for the interim periods presented. The December 31, 2020 condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. Results for interim periods should not be considered indicative of results for any other interim period or for the full year. The consolidated financial statements include the accounts of PARTS iD, Inc. and its wholly-owned subsidiary PARTS iD, LLC. All intercompany accounts and transactions have been eliminated in consolidation.	Basis of Presentation and Principles of Consolidation The consolidated financial statements are presented in U.S. dollars and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification (“ASC”) and as amended by Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“FASB”). The consolidated financial statements include the accounts of PARTS iD, Inc. and its wholly-owned subsidiary PARTS iD LLC. All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Critical accounting estimates are estimates for which (a) the nature of the estimate is material due to the level of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance is material. The Company’s critical accounting estimates and assumptions affecting the financial statements include revenue recognition, return allowances, allowance for doubtful accounts, depreciation, inventory valuation, valuation of deferred income tax assets and the capitalization and recoverability of software development costs.	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Critical accounting estimates are estimates for which (a) the nature of the estimate is material due to the level of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance is material. The Company’s critical accounting estimates and assumptions affecting the financial statements include revenue recognition, return allowances, allowance for doubtful accounts, depreciation, inventory valuation, valuation of deferred income tax assets and the capitalization and recoverability of software development costs.
Cash		Cash The Company considers all immediately available cash and any investments with original maturities of three months or less, when acquired, to be cash equivalents.
Concentration of Credit Risk		Concentration of Credit Risk Financial instruments that expose the Company to a concentration of credit risk principally include cash and accounts receivable balances. The Company maintains all of its cash in high credit quality financial institutions located in the United States. Amounts on deposit may at times exceed the Federal Deposit Insurance Corporation (FDIC) insurance limit. The Company has not experienced any losses in such accounts. Accordingly, management believes that its credit risk relating to cash is minimal. The Company manages accounts receivable credit risk through its policy of limiting extensions of credit to customers. Substantially all customer orders are paid by credit card at the point of sale.
Accounts Receivable		Accounts Receivable Accounts receivable balances include amounts due from customers. The Company periodically reviews its accounts receivable balances to determine whether an allowance for doubtful accounts is necessary based on an analysis of past due accounts, historical occurrences of credit losses, existing economic conditions, and other circumstances that may indicate that the realization of an account is in doubt. As of December 31, 2020 and December 31, 2019, the Company determined that an allowance for doubtful accounts was not necessary.
Inventory		Inventory Inventories consist of purchased goods that are immediately available-for-sale and are stated at the lower of cost or net realizable value, determined using the first-in first-out method. Risk of loss and the transfer of title from the supplier to the Company occurs at the shipping point. Merchandise-in-transit directly from suppliers to customers is recorded in inventory until the product is delivered to the customer. As of December 31, 2020 and 2019, merchandise-in-transit amounted to $4,208,514 and $2,662,933, respectively.
Other Current Assets		Other Current Assets Other current assets include advances to vendors and claims receivables from the vendors amounting to $3,708,759 and $1,620,043, as of December 31, 2020 and 2019, respectively.
Website and Software Development		Website and Software Development The Company capitalizes certain costs associated with website and software developed for internal use in accordance with Accounting Standards Codification (“ASC”) 350-50, Intangibles – Goodwill and Other – Website Development Costs Intangibles – Goodwill and Other – Internal Use Software
Property and Equipment		Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation of property and equipment is calculated on a straight-line basis over the estimated useful lives of the assets as follows: Asset Class Estimated useful lives Video and studio equipment 5 years Website and internally developed software 3 years Computer and electronics 5 years Vehicles 5 years Furniture and fixtures 5 years Leasehold improvements Lesser of useful life or lease term
Intangible Assets		Intangible Assets Intangible assets consist of indefinite-lived domain names and are stated at cost less impairment losses, if any. The Company reviews its intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the intangible asset may not be recoverable. When such events occur, the Company compares the carrying amount of the asset to the undiscounted expected future cash flows related to the asset. If the comparison indicates that an impairment exists, the amount of the impairment is calculated as the difference between the excess of the carrying amount over the fair value of the asset. The Company has determined that there were no triggering events in the years ended December 31, 2020 and 2019, and no impairment charges were necessary.
Revenue Recognition		Revenue Recognition In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) Effective January 1, 2019 the Company elected to adopt ASU 2014-09 using the modified retrospective method which applied to all new contracts initiated on or after January 1, 2019 and all open contracts which had remaining obligations as of that date. Prior period amounts were not adjusted and continue to be reported in accordance with the Company’s historical accounting practices under Topic 605. The adoption of ASU 2014-09 did not have a material impact on the Company’s balance sheets and financial results for the year ended December 31, 2019 and there was no cumulative effect to accumulated deficit on the date of adoption. In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under its agreements, the Company performs the following steps (i) identifies contracts with customers; (ii) identifies performance obligation(s); (iii) determines the transaction price; (iv) allocates the transaction price to the performance obligation(s); and (v) recognizes revenue when (or as) the Company satisfies each performance obligation. The Company recognizes revenue on product sales through its website as the principal in the transaction as the Company has concluded it controls the product before it is transferred to the customer. The Company controls products when it is the entity responsible for fulfilling the promise to the customer and takes responsibility for the acceptability of the goods, assumes inventory risk from shipment through the delivery date, has discretion in establishing prices, and selects the suppliers of products sold. Sales discounts earned by customers at the time of purchase and taxes collected from customers, which are remitted to governmental authorities, are deducted from gross revenue in determining net revenue. Allowances for sales returns are estimated and recorded based on historical experience and reduce product revenue, inclusive of shipping fees, by expected product returns. Net allowances for sales returns at December 31, 2020 and 2019, were $1,062,077 and $495,697, respectively. The Company also earns advertising revenues through sales of media space on its e-commerce site. Advertising revenue is recognized during the period in which the advertisements are displayed on the Company’s e-commerce site. Advertising revenue amounted to $392,262 and $305,863 for the years ended December 31, 2020 and 2019, respectively. The Company has two types of contractual liabilities: (i) amount received from customers prior to the delivery of products are recorded as customer deposits in the accompanying balance sheets and are recognized as revenue when the products are delivered, amounting to $16,185,648 and $8,599,914 at December 31, 2020 and 2019, respectively and (ii) site credits (which are initially recorded in accrued expenses and are recognized as revenue in the period they are redeemed) amounting to $2,422,051 and $1,933,895 at December 31, 2020 and 2019, respectively.
Cost of Goods Sold		Cost of Goods Sold Cost of goods sold consists of the cost of product sold to customers, plus shipping and handling costs and shipping supplies, net of vendor rebates.
Income Taxes		Income Taxes The Company is a C-corporation for U.S. federal income tax purposes. Accordingly, the Company accounts for income taxes in accordance with the provisions of ASC 740 Income Taxes ASC 740 also provides guidance on the accounting for uncertain tax positions recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Based on the Company’s evaluation, management concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. The Company files U.S. federal and State of New Jersey tax returns and had no unrecognized tax benefits at December 31, 2020 and 2019. The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the years ended December 31, 2020 and 2019. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its filing positions.
Earnings (Loss) Per share		Earnings (Loss) Per share The Company used the two-class method to compute earnings per common share because the Company had issued preferred securities that entitled the holder to participate in dividends and earnings of the Company. Under this method, net income (loss) is reduced by any dividends earned during the period. The remaining earnings (undistributed earnings) are allocated to Class A common stock and each series of preferred stock to the extent that each preferred security may share in earnings as if all of the earnings for the period had been distributed. The total earnings allocated to common stock is then divided by the number of outstanding shares to which the earnings are allocated to determine the earnings per share. The two-class method is not applicable during periods with a net loss, as the holders of the preferred stock have no obligation to fund losses. Diluted net income per common share is computed under the two-class method by using the weighted-average number of shares of common stock outstanding, plus the potential dilutive effects of outstanding securities. There were no outstanding securities such as stock options, warrants, and convertible debt during the years ended December 31, 2020 and 2019. In addition, the Company analyzes the potential dilutive effect of the preferred stock under the “if-converted” method when calculating diluted earnings per share, in which it is assumed that the outstanding preferred stock converts into common stock at the beginning of the period or when issued if later. The Company reports the more dilutive of the approaches (two class or “if-converted”) as their diluted net income (loss) per share during the period. The following table sets forth the computation of basic and diluted income (loss) per share for the periods indicated below: For the year ended 2020 2019 Net income (loss) $ 2,113,829 $ (655,840 ) Less: Preferred stocks dividends 442,697 500,000 Less: Deemed Preferred dividends 15,000,000 - Loss available to common shareholders (13,328,868 ) (1,155,840 ) Weighted average number of shares (basic and diluted) 25,860,097 24,950,958 Basic and diluted earnings per share $ (0.52 ) $ (0.05 )
New Accounting Standards		New Accounting Standards In February 2016, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842)
Stock Compensation Policy	Stock Compensation Policy Compensation expense related to stock option awards and restricted stock units granted to certain employees, directors and consultants is based on the fair value of the awards on the grant date. If the service inception date precedes the grant date, accrual of compensation cost for periods before the grant date is based on the fair value of the award at the reporting date. In the period in which the grant date occurs, cumulative compensation cost is adjusted to reflect the cumulative effect of measuring compensation cost based on fair value at the grant date rather than the fair value previously used at the service inception date or any subsequent reporting date. Forfeitures are recorded as they occur. The Company recognizes compensation cost related to time-vested options and restricted stock units with graded vesting features on a straight-line basis over the requisite service period. Compensation cost related to a performance-vesting options and performance-based units, where a performance condition or a market condition that affects vesting exists, is recognized over the shortest of the explicit, implicit, or defined service periods. Compensation cost is adjusted depending on whether or not the performance condition is achieved. If the achievement of the performance condition is probable or becomes probable, the full fair value of the award is recognized. If the achievement of the performance condition is not probable or ceases to be probable, then no compensation cost is recognized.
Significant Accounting Policies	Significant Accounting Policies There have been no significant changes from the significant accounting policies disclosed in Note 2 of the “Notes to Consolidated Financial Statements” included in our Annual Report on Form 10-K for the year ended December 31, 2020 (our “2020 Form 10-K”).

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of straight-line basis over the estimated useful lives of the assets	Asset Class Estimated useful lives Video and studio equipment 5 years Website and internally developed software 3 years Computer and electronics 5 years Vehicles 5 years Furniture and fixtures 5 years Leasehold improvements Lesser of useful life or lease term
Schedule of computation of basic and diluted income (loss) per share	For the year ended 2020 2019 Net income (loss) $ 2,113,829 $ (655,840 ) Less: Preferred stocks dividends 442,697 500,000 Less: Deemed Preferred dividends 15,000,000 - Loss available to common shareholders (13,328,868 ) (1,155,840 ) Weighted average number of shares (basic and diluted) 25,860,097 24,950,958 Basic and diluted earnings per share $ (0.52 ) $ (0.05 )

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	June 30, December 31, Website and software development $ 37,922,840 $ 33,894,207 Furniture and fixtures 850,511 843,575 Computers and electronics 956,101 696,684 Vehicles 430,162 430,162 Leasehold improvements 237,190 219,757 Video and equipment 176,903 176,903 Total - Gross 40,573,707 36,261,288 Less: accumulated depreciation (28,384,282 ) (24,790,928 ) Total - Net $ 12,189,425 $ 11,470,360	December 31, 2020 2019 Website and software development $ 33,894,207 $ 26,611,163 Furniture and fixtures 843,575 843,576 Computers and electronics 696,684 677,943 Vehicles 430,162 467,463 Leasehold improvements 219,757 219,757 Video and equipment 176,903 176,903 Total - Gross 36,261,288 28,996,805 Less: accumulated depreciation (24,790,928 ) (17,976,024 ) Total - Net $ 11,470,360 $ 11,020,781
Schedule of property and equipment including amounts for assets recorded under capital leases	June 30, December 31, Gross value at cost $ 303,230 $ 303,230 Less: accumulated depreciation (280,790 ) (269,382 ) Net $ 22,440 $ 33,848	December 31, 2020 2019 Gross value at cost $ 303,230 $ 343,433 Less: accumulated depreciation (269,382 ) (278,087 ) Net $ 33,848 $ 65,346

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of future minimum lease payments under non-cancelable capital leases	2022 $ 9,520 Less: Interest expenses 287 Total $ 9,233	Year ending December 31, 2021 $ 20,943 Less: Interest expenses 1,237 Total $ 19,706

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments under non-cancelable operating leases	Year Ending December 31, 2021 $ 1,118,331 2022 932,774 2023 550,013 2024 46,181 $ 2,647,299

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of income tax benefits	Current Federal $ - $ - State 34,951 (858 ) Sub-total 34,951 (858 ) Deferred Federal (813,189 ) (149,308 ) State (23,314 ) 6,264 Sub-total (836,503 ) (143,044 ) Total income tax $ (801,552 ) $ (143,902 )
Schedule of effective income tax rate reconciliation	December 31, 2020 2019 Federal statutory rate 21.00 % 21.00 % Permanent items 48.70 % (2.71 )% State and local taxes, net of federal taxes 1.91 % (0.85 )% Deferred rate changes 0.08 % 0.03 % Amortizable start-up costs and other (132.77 )% 0.93 % (61.08 )% 18.40 %
Schedule of net deferred tax (liabilities)/assets	December 31, 2020 2019 Inventory capitalization $ 2,100 $ 2,300 Allowance for doubtful accounts 107,400 107,400 Accrued expenses 110,400 138,100 Charitable contribution - 5,300 Net operating loss carryforward 613,700 1,814,300 Accumulated depreciation (2,428,200 ) (2,330,900 ) Deferred revenue 1,027,200 526,800 Start-up costs 1,667,200 - Deferred tax assets, net $ 1,099,800 $ 263,300

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of summarizes the activity related to RSU	Weighted Restricted Average Stock Grant Date Units Fair Value Balance at January 1, 2021 - $ - Granted 2,346,381 $ 6.54 Balance at June 30, 2021 2,346,381 $ 6.54
Schedule of summarizes the activity related to RSU	PSU Type Balance of Units Weighted Average grant date fair value Balance of PSUs subject to Net Revenue - 498,000 $ 8.02 498,000 PSUs subject to Cash Flow - 124,500 $ 6.04 124,500 Total - 622,500 622,500

Organization and Description _2

Organization and Description of Business (Details) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Organization and Description of Business (Details) [Line Items]
Description of business	PARTS iD has a product portfolio comprising more than 17 million SKUs, an end-to-end digital commerce platform for both digital commerce and fulfillment, and a virtual shipping network comprising over 2,500 locations, nearly 5,000 active brands, and machine-learning algorithms for complex fitment industries such as vehicle parts and accessories.	PARTS iD has a product portfolio comprising more than 17 million SKUs, an end-to-end digital commerce platform for both digital commerce and fulfillment, and a virtual shipping network comprising over 2,500 locations, nearly 5,000 active brands, and machine-learning algorithms for complex fitment industries such as vehicle parts and accessories.
Class A Common Stock [Member]
Organization and Description of Business (Details) [Line Items]
Shareholder redemptions	24,950,958	24,950,958

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Merchandise-in-transit amount	$ 4,208,514	$ 2,662,933
Claims receivables from the vendors	3,708,759	1,620,043
Net allowances for sales returns	1,062,077	495,697
Advertising revenue	$ 392,262	$ 305,863
Contractual liabilities, description	(i) amount received from customers prior to the delivery of products are recorded as customer deposits in the accompanying balance sheets and are recognized as revenue when the products are delivered, amounting to $16,185,648 and $8,599,914 at December 31, 2020 and 2019, respectively and (ii) site credits (which are initially recorded in accrued expenses and are recognized as revenue in the period they are redeemed) amounting to $2,422,051 and $1,933,895 at December 31, 2020 and 2019, respectively.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of straight-line basis over the estimated useful lives of the assets	12 Months Ended
	Dec. 31, 2020
Video and studio equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of straight-line basis over the estimated useful lives of the assets [Line Items]
Property and equipment, estimated useful lives	5 years
Website and internally developed software [Member]
Summary of Significant Accounting Policies (Details) - Schedule of straight-line basis over the estimated useful lives of the assets [Line Items]
Property and equipment, estimated useful lives	3 years
Computer and electronics [Member]
Summary of Significant Accounting Policies (Details) - Schedule of straight-line basis over the estimated useful lives of the assets [Line Items]
Property and equipment, estimated useful lives	5 years
Vehicles [Member]
Summary of Significant Accounting Policies (Details) - Schedule of straight-line basis over the estimated useful lives of the assets [Line Items]
Property and equipment, estimated useful lives	5 years
Furniture and fixtures [Member]
Summary of Significant Accounting Policies (Details) - Schedule of straight-line basis over the estimated useful lives of the assets [Line Items]
Property and equipment, estimated useful lives	5 years
Leasehold improvements [Member]
Summary of Significant Accounting Policies (Details) - Schedule of straight-line basis over the estimated useful lives of the assets [Line Items]
Property and equipment, estimated useful lives or lease term	Lesser of useful life or lease term

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of computation of basic and diluted income (loss) per share - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Schedule of computation of basic and diluted income (loss) per share [Abstract]
Net income (loss)	$ 626,112	$ 2,273,715	$ (18,701)	$ 1,429,145	$ 2,113,829	$ (655,840)
Less: Preferred stocks dividends				$ 250,000	442,697	500,000
Less: Deemed Preferred dividends					15,000,000
Loss available to common shareholders					$ (13,328,868)	$ (1,155,840)
Weighted average number of shares (basic and diluted) (in Shares)					25,860,097	24,950,958
Basic and diluted earnings per share (in Dollars per share)					$ (0.52)	$ (0.05)

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 1,819,581	$ 1,783,415	$ 3,593,354	$ 3,308,098	$ 6,859,237	$ 5,847,413

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of property and equipment - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	$ 40,573,707	$ 36,261,288	$ 28,996,805
Less: accumulated depreciation	(28,384,282)	(24,790,928)	(17,976,024)
Total - Net	12,189,425	11,470,360	11,020,781
Website and software development [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	37,922,840	33,894,207	26,611,163
Furniture and fixtures [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	850,511	843,575	843,576
Computers and electronics [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	956,101	696,684	677,943
Vehicles [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	430,162	430,162	467,463
Leasehold improvements [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	237,190	219,757	219,757
Video and equipment [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	$ 176,903	$ 176,903	$ 176,903

Property and Equipment (Detai_3

Property and Equipment (Details) - Schedule of property and equipment including amounts for assets recorded under capital leases - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of property and equipment including amounts for assets recorded under capital leases [Abstract]
Gross value at cost	$ 303,230	$ 303,230	$ 343,433
Less: accumulated depreciation	(280,790)	(269,382)	(278,087)
Net	$ 22,440	$ 33,848	$ 65,346

Borrowings (Details)

Borrowings (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Borrowings (Details) [Line Items]
Lease interest rate percentage	12.35%	12.35%
Minimum [Member]
Borrowings (Details) [Line Items]
Lease interest rate percentage		4.00%
Maximum [Member]
Borrowings (Details) [Line Items]
Lease interest rate percentage			12.00%

Borrowings (Details) - Schedule

Borrowings (Details) - Schedule of future minimum lease payments under non-cancelable capital leases - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Schedule of future minimum lease payments under non-cancelable capital leases [Abstract]
Year ending December 31, 2021	$ 9,520	$ 20,943
Less: Interest expenses	287	1,237
Total	$ 9,233	$ 19,706

Shareholders' Deficit (Details)

Shareholders' Deficit (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Apr. 30, 2021
Shareholders' Deficit (Details) [Line Items]
Preferred stock shares outstanding	0	0	0
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears (in Dollars per share)		$ 1,100,000
Preferred stock redemption, description		the Company recognized a deemed dividend of $15.0 million. Deemed dividend is calculated as the excess fair value of the $9.0 million cash and $11.0 million of the Company’s common stock over the $5.0 million carrying value of the preferred stock at the time of redemption.
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Cumulative dividend, percentage			10.00%
Unpaid accrued dividends (in Dollars)			$ 41,667
Shares of common stock Issued			7,998,178
Common stock issued			24,950,958
Business Combination [Member]
Shareholders' Deficit (Details) [Line Items]
Business combination indemnification, description	a)Indemnification reserve: Upon the expiration of the indemnification period of two years from the closing of the Business Combination 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 of Class A common stock to former Onyx shareholders.		b)Indemnification reserve: Upon the expiration of the indemnification period of three years as described in the Business Combination Agreement, subject the payments of indemnity claims, if any, the Company will issue up to 750,000 Common shares to former Onyx shareholders.
Business combination, description	Further, pursuant to the Business Combination Agreement, the Sponsor has a right to 1,502,129 shares of Class A common stock should its price exceed $15.00 per share for any thirty-day trading period during the 730 calendar days after the closing of the Business Combination.	the Business Combination Agreement, the Sponsor has a right to 1,502,129 shares of Class A common stock should its price exceed $15.00 per share for any thirty-day trading period during the 730 calendar days after the effective date of the Business Combination.
Onyx Shareholders {Member]
Shareholders' Deficit (Details) [Line Items]
Preferred stock shares outstanding		1,000,000
Payments of preferred stock value in cash (in Dollars)		$ 9,000,000
Payment of common stock value (in Dollars)		$ 11,000,000
Shares of common stock Issued			300,000
2020 Equity Incentive Plan [Member]
Shareholders' Deficit (Details) [Line Items]
Shares of common stock Issued	4,904,596	4,904,596
2020 Employee Stock Purchase Plan [Member]
Shareholders' Deficit (Details) [Line Items]
Shares of common stock Issued	2,043,582	2,043,582
Class A Common Stock [Member]
Shareholders' Deficit (Details) [Line Items]
Common stock price per share (in Dollars per share)		$ 10
Shares of common stock outstanding	33,173,456		32,873,457
Shares of common stock Issued	7,698,178
Common stock issued	33,173,456	32,873,457	24,950,958
Released shares				299,999
Common stock shares in cash (in Dollars per share)				$ 10
Common stock shares outstanding	2,968,881

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Aug. 03, 2020
Commitments and Contingencies Disclosure [Abstract]
Operating leases facilities expire	4 years
Operating Leases, Rent Expense	$ 1,220,408	$ 1,261,399
Principle amount	281,000		$ 281,000
Fund payable			$ 140,500
Accrued Liabilities	$ 375,000	$ 75,000

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of future minimum lease payments under non-cancelable operating leases	Dec. 31, 2020USD ($)
Schedule of future minimum lease payments under non-cancelable operating leases [Abstract]
2021	$ 1,118,331
2022	932,774
2023	550,013
2024	46,181
Operating leases	$ 2,647,299

Employee Retirement Plan (Detai

Employee Retirement Plan (Details)	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Retirement benefits, description	The Company maintains a 401(k)-defined contribution plan covering all full-time employees who have completed twelve months of service.
Contribution, description	The Company’s contributions vest in annual installments over five years.

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($)	Jun. 08, 2022	Nov. 20, 2021	Jun. 30, 2021	Jun. 30, 2021	Apr. 30, 2021	Oct. 31, 2020
Stock-Based Compensation (Details) [Line Items]
Selling, general and administrative expenses			$ 1,292,604	$ 1,321,428
Share-based compensation expense			417,182	$ 417,182
Shares granted				2,346,381
Stock based compensation expense associated			$ 1,438,344	$ 1,467,168
Unrecognized compensation expense, total				$ 13,900,000
Weighted average period				2 years 6 months
Grant, percentage				80.00%
PSUs,number of vesting shares				498,000
Remaining performance, percentage			20.00%	20.00%
PSUs, granted subject to cash flow				124,500
Recognized stock-based compensation expense			$ 271,442	$ 271,442
Unamortized stock based compensation expense				4,500,000
Employees and Consultants [Member]
Stock-Based Compensation (Details) [Line Items]
Share-based compensation expense				$ 622,500
Aggregate of restricted stock units				622,500
Restricted Stock Units (RSUs) [Member]
Stock-Based Compensation (Details) [Line Items]
Shares granted				106,806
Weighted average period				2 years 3 months 18 days
Restricted Stock Units (RSUs) [Member] | Employees and Consultants [Member]
Stock-Based Compensation (Details) [Line Items]
Shares granted				2,239,575
Forecast [Member] | Restricted Stock Units (RSUs) [Member]
Stock-Based Compensation (Details) [Line Items]
Granted shares veted		49,994
Granted shares	56,812
2020 Equity Incentive Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Shares of common stock						4,904,596
2020 Employee Stock Purchase Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Shares of common stock						2,043,582
Class A Common Stock [Member]
Stock-Based Compensation (Details) [Line Items]
Shares of common stock					299,999
Class A Common Stock [Member] | 2020 Equity Incentive Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Shares of common stock						4,904,596

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Jan. 01, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate		22.60%	25.20%	542.94%	25.28%	61.10%	18.40%
Federal statutory rate				21.00%		21.00%
Federal net operating losses (in Dollars)						$ 2,922,474
Taxable income limitation percentage	80.00%					80.00%
Tax attributes, percentage						50.00%
Percentage of taxable income				80.00%

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of income tax benefits - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Current
Federal
State					34,951	(858)
Sub-total					34,951	(858)
Deferred
Federal					(813,189)	(149,308)
State					(23,314)	6,264
Sub-total					(836,503)	(143,044)
Total income tax	$ 182,857	$ 766,120	$ 22,923	$ 483,620	$ (801,552)	$ (143,902)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of effective income tax rate reconciliation	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of effective income tax rate reconciliation [Abstract]
Federal statutory rate	21.00%	21.00%
Permanent items	48.70%	(2.71%)
State and local taxes, net of federal taxes	1.91%	(0.85%)
Deferred rate changes	0.08%	0.03%
Amortizable start-up costs and other	(132.77%)	0.93%
Income tax rate	(61.08%)	18.40%

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of net deferred tax (liabilities)/assets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Schedule of net deferred tax (liabilities)/assets [Abstract]
Inventory capitalization	$ 2,100	$ 2,300
Allowance for doubtful accounts	107,400	107,400
Accrued expenses	110,400	138,100
Charitable contribution		5,300
Net operating loss carryforward	613,700	1,814,300
Accumulated depreciation	(2,428,200)	(2,330,900)
Deferred revenue	1,027,200	526,800
Start-up costs	1,667,200
Deferred tax assets, net	$ 1,099,800	$ 263,300

Property and Equipment (Detai_4

Property and Equipment (Details) - Schedule of property and equipment - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	$ 40,573,707	$ 36,261,288	$ 28,996,805
Less: accumulated depreciation	(28,384,282)	(24,790,928)	(17,976,024)
Total - Net	12,189,425	11,470,360	11,020,781
Website and software development [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	37,922,840	33,894,207	26,611,163
Furniture and fixtures [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	850,511	843,575	843,576
Computers and electronics [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	956,101	696,684	677,943
Vehicles [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	430,162	430,162	467,463
Leasehold improvements [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	237,190	219,757	219,757
Video and equipment [Member]
Property and Equipment (Details) - Schedule of property and equipment [Line Items]
Total - Gross	$ 176,903	$ 176,903	$ 176,903

Property and Equipment (Detai_5

Property and Equipment (Details) - Schedule of property and equipment including amounts for assets recorded under capital leases - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of property and equipment including amounts for assets recorded under capital leases [Abstract]
Gross value at cost	$ 303,230	$ 303,230	$ 343,433
Less: accumulated depreciation	(280,790)	(269,382)	(278,087)
Net	$ 22,440	$ 33,848	$ 65,346

Borrowings (Details) - Schedu_2

Borrowings (Details) - Schedule of future minimum lease payments under non-cancelable capital leases - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Schedule of future minimum lease payments under non-cancelable capital leases [Abstract]
2022	$ 9,520	$ 20,943
Less: Interest expenses	287	1,237
Total	$ 9,233	$ 19,706

Stock-Based Compensation (Det_2

Stock-Based Compensation (Details) - Schedule of summarizes the activity related to RSU	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Schedule of summarizes the activity related to RSU [Abstract]
Restricted Stock Units Beginning | shares
Weighted Average Grant Date Fair Value Beginning | $ / shares
Restricted Stock Units Granted | shares	2,346,381
Weighted Average Grant Date Fair Value Granted | $ / shares	$ 6.54
Restricted Stock Units Ending | shares	2,346,381
Weighted Average Grant Date Fair Value Beginning | $ / shares	$ 6.54

Stock-Based Compensation (Det_3

Stock-Based Compensation (Details) - Schedule of summarizes the activity related to PSU	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Condensed Financial Statements, Captions [Line Items]
Balance of PSUs Beginning
Units Granted (in Shares) | shares	622,500
Balance of PSUs Ending	$ 622,500
PSUs Net Revenue [Member]
Condensed Financial Statements, Captions [Line Items]
Balance of PSUs Beginning
Units Granted (in Shares) | shares	498,000
Weighted Average grant date fair value (in Dollars per share) | $ / shares	$ 8.02
Balance of PSUs Ending	$ 498,000
PSUs Cash Flow [Member]
Condensed Financial Statements, Captions [Line Items]
Balance of PSUs Beginning
Units Granted (in Shares) | shares	124,500
Weighted Average grant date fair value (in Dollars per share) | $ / shares	$ 6.04
Balance of PSUs Ending	$ 124,500