0001140361-22-031548 | S-1/A | XBRL Viewer

December 31

Loss from operations

FAIR VALUE MEASUREMENTS (Q2)

6 Months Ended

Jun. 30, 2022

NOTE 15 – FAIR VALUE MEASUREMENTS

The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities).

The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

Level 1:

Valuation is based on unadjusted quoted prices in active markets for identical assets and liabilities that are accessible at the reporting date. Because valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.

Level 2:

Valuation is determined from pricing inputs that are other than quoted prices in active markets that are either directly or indirectly observable as of the reporting date. Observable inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and interest rates and yield curves that are observable at commonly quoted intervals.

Level 3:

Valuation is based on inputs that are both significant to the fair value measurement and unobservable. Level 3 inputs include situations where there is little, if any, market activity for the financial instrument. The inputs into the determination of fair value generally require significant management judgment or estimation. .

Liabilities measured at fair value on a recurring basis

The balances of the Company’s liabilities measured at fair value on a recurring basis as of June 30, 2022, are as follows (in thousands):

	Level 1	Level 2	Level 3	Total Fair Value
Liabilities:
Senior secured convertible note	$—	$—	$9,843	$9,843
Private warrants	—	606	—	606
Public warrants	1,010	—	—	1,010
	$1,010	$606	$9,843	$11,459

The following is a description of the methodologies used to estimate the fair values of liabilities measured at fair value on a recurring basis and within the fair value hierarchy which is warrant and senior secured convertible note.

Warrant liabilities

Prior to the business combination, TCAC issued warrants to purchase 10,000,000 Class A ordinary shares at a price of $11.50 per whole share, as part of the units offered by the prospectus for their initial public offering and, simultaneously with the closing of their initial public offering, issued in a private placement an aggregate of 6,000,000 private placement warrants, each exercisable to purchase one Class A ordinary share at a price of $11.50 per share.

The Company utilize a fair value approach to account for its warrants based on the quoted price at June 30, 2022, the calculation is consistent with ASC 820, Fair Value Measurement, with changes in fair value recorded in current earnings.

The Company performed a valuation at June 30, 2022 resulting in a value of approximately $1.6 million using a closing price of $0.101 for the public and private warrants.

Senior secured convertible notes

In connection with the business combination, on June 14, 2022, the Company issued $11.0 million in aggregate principal amount of Secured Convertible Notes, issued at a discount of $1.0 million, with proceeds of $10.0 million received on the Closing Date. Additionally, the Company entered into a warrant agreement with the holders for a warrant to purchase 586,980 shares with an initial exercise price of $12.00.

The Company determined that the Secured Convertible Notes meet the variable share obligations requirements under ASC 480, Distinguishing Liabilities From Equity, as a result is classified as a liability measure at fair value, with changes in fair value recognized in earnings.

The Company adopted ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and elected to carry the Secured Convertible Notes along with the Convertible Warrant at fair value. The fair value is determined in accordance with ASC 820, Fair Value Measurement, utilizing the discount, interest rate and the fair value of the associated warrants.

Changes in Fair Value

The following tables provides a roll-forward in the changes in fair value for the six months ended June 30, 2022, for all liabilities for which the Company determines fair value on a recurring basis (in thousands):

Warrants
Balance, January 1, 2022			$—
Assumed in business combination			4,496
Change in fair value			(2,880)
Balance, June 30, 2022			$1,616
Changes in fair value included in earnings for the period relating to liabilities held at June 30, 2022			$(2,880)

Senior Secured Convertible Note
Balance, January 1, 2022			$—
Issued in business combination			11,000
Valuation adjustment at business combination			(1,146)
Change in fair value			(11)
Balance, June 30, 2022			$9,843
Changes in fair value included in earnings for the period relating to liabilities held at June 30, 2022			$(11)

There were no transfers of financial liabilities between levels of the fair value hierarchy during the six months ended June 30, 2022.

Other Fair Value Considerations – Carrying value of accounts receivables, contract assets, prepaid expenses and other assets, accounts payable and accrued expenses approximate fair value due to their short-term maturities and/or low credit risk.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

CONSOLIDATED STATEMENTS OF OPERATIONS (FY) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Revenues	$ 24,024	$ 15,183
Cost of revenues	6,929	4,978
Gross profit	17,095	10,205
Operating expenses
Selling, servicing and marketing	10,185	4,843
Technology and software development	8,410	4,391
General and administrative	5,032	2,572
Total operating expenses	23,627	11,806
Loss from operations	(6,532)	(1,601)
Interest income	3	3
Forgiveness of PPP loan	781	0
Loss before provision for income taxes	(5,748)	(1,598)
Provision for income taxes	2	0
Net loss	$ (5,750)	$ (1,598)
Net loss per common share:
Basic (in dollars per share)	$ (0.43)	$ (0.11)
Diluted (in dollars per share)	$ (0.43)	$ (0.11)
Weighted-average common shares outstanding - basic (in shares)	13,385,267	14,047,342
Weighted-average common shares outstanding - diluted (in shares)	13,385,267	14,047,342

REVENUE RECOGNITION - Disaggregation of Revenue (Q2) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Total Revenue	$ 6,584	$ 5,804	$ 12,948	$ 11,013	$ 24,024	$ 15,183
Brand revenue
Disaggregation of Revenue [Line Items]
Total Revenue	248	152	438	284	654	241
Brand revenue \| United States
Disaggregation of Revenue [Line Items]
Total Revenue	248	152	438	284	654	241
Retail revenue
Disaggregation of Revenue [Line Items]
Total Revenue	6,336	5,652	12,510	10,729	23,370	14,942
Retail revenue \| United States
Disaggregation of Revenue [Line Items]
Total Revenue	6,159	5,652	12,112	10,718	23,180	14,942
Retail revenue \| Canada
Disaggregation of Revenue [Line Items]
Total Revenue	$ 177	$ 0	$ 398	$ 11	$ 190	$ 0

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

NET LOSS PER SHARE - Anti-Dilutive Securities (Q2) (Details) - shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Shares unvested and subject to exercise of stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	192,689	4,154,898
Shares subject to outstanding common stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	3,486,482	2,515,944
Shares subject to convertible notes stock conversion
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	916,667	0
Shares subject to warrants stock conversion
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	16,000,000	0

COMMITMENTS AND CONTINGENCIES (Q2)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 14 – COMMITMENTS AND CONTINGENCIES

Lease Agreements

The Company leases office facilities in Boca Raton, Florida, Seattle, Washington and Ontario, Canada under non-cancelable operating lease agreements. The leases require monthly payments ranging from $2,900 to $11,000 and expire on various dates through November 2024. In addition to minimum rent, the Company is required to pay a proportionate share of operating expenses under these leases.

Rent expense was approximately $233,000 and $153,000 for the three months ended June 30, 2022 and 2021, respectively, with $421,000 and $298,000 for the six months ended June 30, 2022 and 2021, respectively.

Employment Agreements

The Company has entered into employment agreements with certain of its officers, employment agreements with Jeffrey Harris, CEO of SpringBig, and Paul Sykes, CFO of SpringBig, which became effective as of the Closing. Pursuant to his employment agreement, Mr. Harris will receive an annual salary of $450,000, will be eligible for a target cash incentive opportunity of up to 137.50% of his annual base salary, and will be eligible to receive equity incentive awards under SpringBig’s long-term incentive plan as in effect from time to time.

Pursuant to his employment agreement, Mr. Sykes will receive an annual salary of $350,000, will be eligible for a target cash incentive opportunity of up to 100% of his annual base salary, and will be eligible to receive equity incentive awards under SpringBig’s long-term incentive plan as in effect from time to time.

In addition, the SpringBig board of directors awarded each of Mr. Harris and Mr. Sykes a one-time cash bonus in the amount of $300,000 and $250,000, respectively, which was awarded as of the Closing, the amount is included in administrative expenses on the statement of operations.

Litigation

The Company is from time to time involved in litigation incidental to the conduct of its business. In accordance with applicable accounting guidance, the Company records a provision for a liability when it is both probable that a liability has been incurred and the amount can be reasonably estimated. Management believes that the outcome of such legal proceedings, legal actions and claims will not have a significant adverse effect on the Company’s financial position, results of operations or cash flows.

NOTE 9 – COMMITMENTS AND CONTINGENCIES

Leases Agreements

Rent expense included in general and administrative expenses was approximately $629,000 and $389,000 for the year ended December 31, 2021 and 2020, respectively.

Future minimum payments under operating leases for each of the three succeeding years subsequent to December 31, 2021 are as follows (in thousands):

December 31			Amount
2022			$471
2023			363
2024			264
			$1,098

Litigation

The Company is from time to time involved in litigation incidental to the conduct of its business. In accordance with applicable accounting guidance, the Company records a provision for a liability when it is both probable that a liability has been incurred and the amount can be reasonably estimated. In the opinion of management, after consulting legal counsel, the Company has meritorious defenses to all pending litigation and proceedings. There are no such provisions on December 31, 2021 and 2020, respectively.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (FY) (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Principles of Consolidation and Basis of Presentation	The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).	Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and all its wholly owned subsidiary companies. All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Going Concern and Liquidity		Going Concern and Liquidity Historically, the Company has incurred losses, which has resulted in an accumulated deficit of approximately $13.2 million as of December 31, 2021. Cash flows used in operating activities were $7.9 million and $1.0 million for the twelve months ended December 31, 2021 and 2020, respectively. As of December 31, 2021, the Company had approximately $3.9 million in working capital, inclusive of $2.2 million in cash and cash equivalents to cover overhead expenses. The Company’s ability to continue as a going concern is dependent on its ability to meet its liquidity needs through a combination of factors but not limited to, cash and cash equivalents, the ongoing increase revenue through increased usage by customers and new customers and strategic capital raises such as its pending SPAC merger. The ultimate success to these plans are not guaranteed. On February 25, 2022 the Company entered into Convertible Notes with two existing shareholders in aggregate for a principal sum of $7.0 million. Based on management projections for increase in revenue and cash received from the Convertible Notes, we estimate that our liquidity and capital resources are sufficient for our current and projected financial needs for the next twelve months, at a minimum, from the date of this audit opinion. The accompanying consolidated financial statements are prepared on a going concern basis and do not include any adjustments that might result from uncertainty about the Company’s ability to continue as a going concern.
Foreign Currency	Foreign Currency We translate the financial statements of our foreign subsidiaries, which have a functional currency in the respective country’s local currency, to U.S. dollars using month-end exchange rates for assets and liabilities and actual exchange rates for revenue, costs and expenses on the date of the transaction. Translation gains and losses are included within “general and administrative expense” on the consolidated statements of operations. These gains and losses are immaterial to the financial statements.	Foreign Currency We translate the financial statements of our foreign subsidiaries, which have a functional currency in the respective country’s local currency, to U.S. dollars using month-end exchange rates for assets and liabilities and actual exchange rates for revenue, costs and expenses on the date of the transaction. Translation gains and losses are included within “general and administrative expense” on the consolidated statements of operations. These gains and losses are immaterial to the financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. The Company’s significant estimates include, but are not limited to, the allowance for doubtful accounts, useful lives of deferred contract assets, intangible assets, property and equipment, deferred income tax asset valuation, and certain assumptions used in the valuation for equity awards, convertible notes and warrant liabilities. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. Accounting estimates used in the preparation of these financial statements change as new events occur, as more experience is acquired, as additional information is obtained, and as the operating environment changes. Actual results may differ materially from these estimates.	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. The Company’s significant estimates include, but are not limited to, the allowance for doubtful accounts, useful lives of deferred contract assets, intangible assets, property and equipment, deferred income tax asset valuation, and certain assumptions used in the valuation for equity awards. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. Accounting estimates used in the preparation of these financial statements change as new events occur, as more experience is acquired, as additional information is obtained, and as the operating environment changes. Actual results may differ materially from these estimates.
Segments		Segments The Company manages its business as a single operating segment. Our chief operating decision maker reviews financial information presented for the purposes of allocating resources and evaluating financial performance at an entity level and we have no segment managers who are held accountable by the chief operating decision maker for operations and operating results. The products and services across the company are similar in nature, distributed in a comparable manner and have customers with common characteristics. We determined that we have one operating and reportable segment in accordance with Accounting Standards Codification (“ASC”) 280, Segment Reporting.
Fair Value of Financial Instruments		Fair Value of Financial Instruments Our financial assets, which include cash equivalents, current financial assets and our current financial liabilities have fair values that approximate their carrying value due to their short-term maturities.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject us to concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. We place our cash and cash equivalents with high credit-quality financial institutions. Such deposits may be in excess of federally insured limits. To date, we have not experienced any losses on our cash and cash equivalents. We perform periodic evaluations of the relative credit standing of the financial institutions. We perform ongoing credit evaluations of our customers’ financial condition and require no collateral from our customers. We maintain an allowance for doubtful accounts receivable based upon the expected collectability of accounts receivable balances. During the three and six months ended June 30, 2022, we had one customer representing 13% concentration of revenue, within the United States with 15% and 13% for the three and six months June 30, 2021, respectively. At June 30, 2022 and December 31, 2021 we had one customer representing 6% and 28% of accounts receivable within the United States, respectively.	Concentrations of Credit Risk Financial instruments that potentially subject us to concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. We place our cash and cash equivalents with high credit-quality financial institutions. Such deposits may be in excess of federally insured limits. To date, we have not experienced any losses on our cash and cash equivalents. We perform periodic evaluations of the relative credit standing of the financial institutions. We perform ongoing credit evaluations of our customers’ financial condition and require no collateral from our customers. We maintain an allowance for doubtful accounts receivable based upon the expected collectability of accounts receivable balances. At December 31, 2021, we had one customer representing an 11% concentration of revenue and 28% of accounts receivable within the United States. There was no such concentration at December 31, 2020.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less, when acquired, to be cash equivalents. The Company maintains its cash with one commercial bank. As of June 30, 2022 and December 31, 2021, the Company exceeded the federally insured limits of $250,000 for interest and noninterest bearing deposits. The Company had cash balances with a single financial institution in excess of the FDIC insured limits by amounts of $13.9 million and $1.9 million as of June 30, 2022 and December 31, 2021, respectively. We monitor the financial condition of such institution and have not experienced any losses associated with these accounts.	Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less, when acquired, to be cash equivalents. The Company maintains its cash with one commercial bank. As of December 31, 2021 and 2020, the Company exceeded the federally insured limits of $250,000 for interest and noninterest bearing deposits. The Company had cash balances with a single financial institution in excess of the FDIC insured limits by amounts of $1.9 million and $10.0 million as of December 31, 2021 and 2020, respectively.
Accounts Receivable and Allowance for Doubtful Accounts		Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are uncollateralized customer obligations due under normal trade terms granted by the Company based on each customer’s own creditworthiness. The carrying amount of accounts receivable is reduced by an allowance for doubtful accounts that reflects management’s best estimate of amounts that will not be collected. Management individually reviews past due accounts receivable balances and based on an assessment of each customer’s current creditworthiness, estimates the portion, if any, that will not be collected. Additionally, management assesses the remaining balance of accounts receivable based on experience and an assessment of future economic conditions to determine its best estimate of the portion that will not be collected. Unbilled receivables are customer obligations due under normal terms of trade which have not been invoiced at the balance sheet date and are invoiced shortly thereafter.
Property and Equipment		Property and Equipment Property and equipment are carried at cost less accumulated depreciation. Major additions and improvements which extend the life of the assets are capitalized whereas maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed as incurred. When property or equipment is sold or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is included in income. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of their estimated useful lives or the terms of the leases .
Contract Assets (Deferred Commission)		Contract Assets (Deferred Commission) The Company recognized a contract asset for the incremental costs (i.e., the sales commissions) of obtaining a contract because the Company expects to recover those costs through future fees for the services to be provided. The Company amortizes the asset over the course of three years, which is the estimated number of years a customer is retained, because the asset relates to the services transferred to the customer during the contract term of one year and the Company anticipates that the contract will be renewed for two subsequent one-year periods.
Capitalized Software Development Costs		Capitalized Software Development Costs Internal and external costs associated with the development stage of computer applications, as well as for upgrades and enhancements that result in additional functionality of the applications, are capitalized in accordance with Accounting Standards Codification (“ASC”) 350-40, Internal-Use Software Accounting and Capitalization. Internal and external training and maintenance costs are charged to expense as incurred or over the related service period. When a software application is placed in service, the Company begins amortizing the related capitalized software costs using the straight-line method based on its estimated useful life, which is generally three years.
Impairment of Long-Lived Assets		Impairment of Long-Lived Assets The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends, and prospects, as well as the effects of obsolescence, demand, competition, and other economic factors. The Company did not recognize any impairment loss in 2021 or 2020.
Business Combination	Transaction Costs The Company incurred significant costs direct and incremental to the business combination and therefore to the recapitalization of the Company. We deferred such costs incurred in 2021. In 2022, upon closing of the business combination, total direct transaction costs were allocated between equity and liability instruments measured at fair value on a recurring basis that were newly issued in the recapitalization. Amounts allocated to equity were recorded to additional paid-in capital, while amounts allocated to the specified liabilities were recorded as other expense. See Note 8, Business Combination, to these consolidated financial statements for further information.	Business Combination Acquisitions of subsidiaries are accounted for using the acquisition method. The consideration for each acquisition is measured at the aggregate of the fair values (at the date of acquisition) of assets transferred and liabilities incurred or assumed, and equity instruments issued by the Company. Acquisition-related costs are recognized in the statements of operations in the period which they are incurred. Where applicable, the consideration for the acquisition includes any asset or liability resulting from a contingent consideration arrangement, measured at its acquisition-date fair value. Subsequent changes in such fair values are adjusted against the cost of acquisition where they qualify as measurement period adjustments. All other subsequent changes in the fair value of contingent consideration classified as an asset or liability are accounted for in accordance with relevant guidance consistent with ASC 805, Business Combinations. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company will report provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the amounts recognized as of that date. The measurement period is the period from the date of acquisition to the date the Company obtains complete information about facts and circumstances that existed as of the acquisition date and does not exceed twelve months.
Intangible Assets		Intangible Assets We account for intangible assets under ASC 350, Goodwill and Other. Intangible assets represent software acquired in the acquisition of Beaches Development Group. The amount is recorded at fair value on the date of the acquisition and amortized over its useful life of three years, using the straight-line method. The amount for intangible assets is included in property and equipment on the balance sheets.
Contract Liabilities (Deferred Revenue)		Contract Liabilities (Deferred Revenue) The Company records contract liabilities when cash payments are received in advance of performance obligations being performed for initial start-up fees and payments received in advance of credits utilized. The Company expects to recognize these contract liabilities in the following period when it transfers its services and, therefore, satisfies its performance obligation to the customers.
Revenue Recognition		Revenue Recognition On January 1, 2019, the Company adopted, using the full retrospective method, the provisions of FASB Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, which provides guidance on the recognition, presentation, and disclosure of revenue in financial statements. ASC 606 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to revenue recognition policies. The Company recognizes revenue upon transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services. We report revenue net of sales and other taxes collected from customers to be remitted to government authorities. For a standard contract, the Company works with a customer to provide access to an integrated platform that provides all the functions of its proprietary software, which utilizes proprietary technology to send text or email messages to the customer’s contacts based on a credit system. Through this software, the Company allows merchants to provide loyalty plans and rewards directly to consumers through an internet portal and mobile applications. The functions of the software themselves do not have individual value to the customer. Each customer is buying the right to access the platform to receive all the benefits of the platform. Therefore, the Company’s single performance obligation is to provide customers the ability to use its proprietary software application that provides marketing and customer engagement services to cannabis dispensaries throughout the United States. Nature of Promises to Transfer - The services provided by the Company’s software are subscription based for its retail and brand customers as follows: Retail customers - the Company provides its retail customer access to the software for an initial contract that is initially for a term of one year, with automatic annual renewals. Revenue is earned monthly, which consists of the contracted monthly fixed fee for a ceiling credit plus, if any, optional purchases for additional credits, plus one twelfth of the initial start-up fees which are recognized on a straight-line basis over the initial contract term of one. Brand customers – a customer can purchase use of the Company’s software, which includes a certain amount of credits to be utilized over the course of six to twelve months. The Company recognizes revenue monthly based on the credits used each month which depicts the best transfer of control. This monthly revenue consists of the prepaid fee multiplied by the number of credits used in the month divided by the expected number of credits to be used over the term of the contract not to exceed the ceiling credits purchased. Set up fees – the company recognizes revenue from a onetime set up fee which is charged to customers prior to going live. The amount is treated as deferred revenue and amortized over the life of the contract which is normally one year. In no case does the Company act as an agent, i.e., the Company does not provide a service of arranging for another party to transfer goods or services to the customer. Timing of Satisfaction - Control of services is transferred during a subscription period. Services provided by the Company are performed over time on a monthly basis for retail customers or over a designated prepaid contract term generally from six to twelve months from brand customers. Allocating the Transaction Price - The transaction price of a subscription is the amount of consideration to which the Company expects to be entitled in exchange for transferring promised services to a customer. Transaction prices do not include amounts collected on behalf of third parties (e.g., sales taxes). To determine the transaction price of a contract, the Company considers its customary business practices as well as the terms of the contract. For the purpose of determining transaction prices, the Company assumes that the services will be transferred to the customer as promised in accordance with existing contracts and that the contracts will not be cancelled, renewed, or modified. The Company’s contracts with customers have fixed transaction prices that are denominated in U.S. and CAD dollars. Consideration paid for services that customers purchase from the Company is nonrefundable. Therefore, at the time revenue is recognized, the Company does not estimate expected refunds for services nor does the Company adjust revenue downward. For both retail and brand contracts, there is only one performance obligation for the standard contract. As such, the transaction price is allocated entirely to that obligation. Practical Expedients - The Company has adopted certain practical expedients with significant items disclosed herein. The Company has elected to apply the portfolio approach practical expedient to evaluate contracts with customers that share the same revenue recognition patterns as the result of evaluating them as a group will have substantially the same result as evaluating them individually.
Cost of Revenues		Cost of Revenues Cost of revenues principally consists of amounts payable to distributors of messages on behalf of customers across cellular networks and the cost of third-party data and integrations.
Selling, Servicing and Marketing Expenses		Selling, Servicing and Marketing Expenses Selling, servicing and marketing expenses consist primarily of personnel and related costs, including salaries, benefits, bonuses, commissions and travel for our sales team, client success and marketing team. Other costs included in this expense are marketing and promotional events. Advertising costs are charged to marketing expense as incurred. Advertising expense totaled $96,000 and $22,000 for the years ended December 31, 2021 and 2020, respectively.
Technology and Software Development		Technology and Software Development Technology and software development expense consist primarily of personnel and related costs, including salaries, benefits, bonuses and cost of server usage by our developers.
General and Administrative Expenses		General and Administrative Expenses General and administrative expenses consist primarily of personnel and related costs for our executive, finance, legal, human resources, and administrative personnel, including salaries, benefits, bonuses, and stock-based compensation, legal, accounting, other professional service fees and other corporate expenses.
Stock-Based Compensation		Stock-Based Compensation ASC 718, Compensation - Stock Compensation, addresses accounting for share-based awards, including stock options, restricted stock, performance shares and warrant. Stock-based compensation for stock options to employees and non-employees is based upon the fair value of the award on the date of grant. We record forfeitures as they occur. The compensation cost is recognized over the requisite service period, which is generally the vesting period, and is included in general and administrative expenses in the consolidated statements of operations. The Company estimates the fair value of stock options using the Black-Scholes valuation model. The expected life represents the term the options granted are expected to be outstanding. The expected volatility was determined using the historical volatility of similar publicly traded companies. The risk-free interest rate is based on the U.S. Treasury rate in effect at the time of grant.
Earnings Per Share	Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock, including outstanding stock options and common stock issuable pursuant to Series B, A and Seed preferred stock possible conversion. Basic and diluted net loss per share was the same for each period presented, given that there are losses during the period, the inclusion of all potential common shares outstanding would have been anti-dilutive.	Earnings Per Share The Company computes net income per share in accordance with ASC 260, Earnings Per Share. Under the provisions of ASC 260, basic net income per share is computed by dividing the net income available to common shareholders by the weighted average common shares outstanding during the period. Diluted net income per share adjusts basic net income per share for the effects of stock options, warrants, convertible notes and restricted stock awards only in periods, or for such awards in which the effect is dilutive. ASC 260 also requires the Company to present basic and diluted earnings per share information separately for each class of equity instruments that participate in any income distribution with primary equity instruments.
Income Taxes		Income Taxes We record current income taxes based on our estimates of current taxable income and provide for deferred income taxes to reflect estimated future income tax payments and receipts. We are subject to federal income taxes as well as state taxes. In addition, we are subject to taxes in the foreign jurisdictions where we operate. The Company records a deferred tax asset or liability based on the difference between financial statement and tax basis of assets and liabilities as measured by the anticipated tax rates which will be in effect when these differences reverse. The measurement of deferred tax assets is reduced, if necessary, by the amount of any tax benefits that, based on available evidence, are not expected to be realized. The Company adopted ASU 2015-17, Balance Sheet Classification of Deferred Taxes. The guidance requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. As a result, each jurisdiction will only have one net noncurrent deferred tax asset or liability. The Company has evaluated its tax positions for any uncertainties based on the technical merits of the positions taken. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be upheld on examination by taxing authorities. The Company has analyzed the tax positions taken and has concluded that as of December 31, 2021 and 2020, there are no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the financial statements.
Leases		Leases The Company expenses the total cost associated with real estate leases on a straight-line basis over the life of the lease commitment. The amount accrued relating to future contractual increases is immaterial.
Recent Accounting Pronouncements Not Yet Adopted		Recent Accounting Pronouncements Not Yet Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). FASB issued ASU 2016-02 to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Certain qualitative and quantitative disclosures are required, as well as a retrospective recognition and measurement of impacted leases. In June 2020, FASB issued ASU 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Deferral of the Effective Dates for Certain Entities, which deferred the effective date of ASU 2016-02 to annual reporting periods beginning after December 15, 2021, with early adoption permitted. In July 2021, the FASB released Update No. 2021-05 Lessors—Certain Leases with Variable Lease Payments. The amendments in this Update affect lessors with lease contracts that (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. The amendments in this Update amend Topic 842. The amendments are effective for fiscal years beginning after December 15, 2021, for all entities, and interim periods within those fiscal years for public business entities and interim periods within fiscal years beginning after December 15, 2022, for all other entities. Management is currently evaluating this standard and the impact of the new lease standard. In June 2016, FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, to revise the criteria for the measurement, recognition, and reporting of credit losses on financial instruments to be recognized when expected. In November 2019, FASB issued ASU 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842), which deferred the effective date of ASU 2016-13 to annual reporting periods beginning after December 15, 2022, with early adoption permitted. Management is currently evaluating this standard. In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which is simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. The amendments in this Update modify the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. An entity should apply the amendments in this Update on a prospective basis. A public business entity should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. A public business entity that is not an SEC filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2020. All other entities, including not-for-profit entities, that are adopting the amendments in this Update should do so for their annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2021. Management is currently evaluating this standard. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes. The ASU enhances and simplifies various aspects of the income tax accounting guidance in ASC 740, including requirements related to the following: (1) hybrid tax regimes; (2) tax basis step-up in goodwill obtained in a transaction that is not a business combination; (3) separate financial statements of entities not subject to tax; (4) intra-period tax allocation exception to the incremental approach; (5) ownership changes in investments; (6) interim-period accounting for enacted changes in tax law; (7) year-to-date loss limitation in interim-period tax accounting. The amendments in ASU 2019-12 are effective for public business entities for fiscal years beginning after December 15, 2020, including interim periods therein. Early adoption of the standard is permitted, including adoption in interim or annual periods for which financial statements have not yet been issued. Management is currently evaluating this standard. In January 2020, the FASB issued ASU 2020-01, Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. The amendments in this Update clarify certain interactions between the guidance to account for certain equity securities. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted, including early adoption in an interim period, (1) for public business entities for periods for which financial statements have not yet been issued and (2) for all other entities for periods for which financial statements have not yet been made available for issuance. The amendments in this Update should be applied prospectively. Under a prospective transition, an entity should apply the amendments at the beginning of the interim period that includes the adoption date. Management does not anticipate this standard will have any impact on our consolidated financial statements. In June 2020, the FASB issued ASU 2020-06 which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. ASU 2020-06 also amends certain guidance in ASC 260 on the computation of EPS for convertible instruments and contracts on an entity’s own equity. Under ASU 2020-06, entities must apply the if-converted method to all convertible instruments because the treasury stock method will no longer be available. For public business entities that are not smaller reporting companies, the amendments in this update are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. For all other entities, the guidance will be effective for the fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The guidance may be early adopted for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Management is currently evaluating this standard. In October 2021, the FASB issued ASU 2021-08 - Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The amendments in this update require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The amendments in this Update should be applied prospectively to business combinations occurring on or after the effective date of the amendments. Early adoption of the amendments is permitted, including adoption in an interim period. An entity that early adopts in an interim period should apply the amendments (1) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early application and (2) prospectively to all business combinations that occur on or after the date of initial application. Management is currently evaluating this standard.
Reclassification		Reclassification Certain reclassifications of the prior period amounts and presentation have been made to conform to the presentation for the current period, specifically presentation of current liabilities and operating expenses. There is no material impact on the presentation of the financial statements as presented.

INCOME TAXES (FY) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
INCOME TAXES (FY) (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Current [Abstract]
Federal					$ 0	$ 0
State					1,000	0
International					1,000	0
Current income tax expense (benefit)					2,000	0
Loss from operations [Abstract]
U.S.					(4,980,000)	(1,598,000)
Foreign					(768,000)	0
Loss before provision for income taxes					(5,748,000)	(1,598,000)
Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. federal income tax provision (benefit) at statutory rate					(1,207,000)	(336,000)
Increase (decrease) in taxes resulting from: [Abstract]
State income tax expense					1,000	0
Foreign income and losses taxed at different rates					(51,000)	0
Change in valuation allowance					1,620,000	401,000
Paycheck protection program forgiveness					(165,000)	0
Non-deductible or non-taxable items					(194,000)	(65,000)
Effect of income tax rate changes on deferred items					(2,000)	0
Provision (benefit) for income taxes	$ 0	$ 0	$ 0	$ 0	$ 2,000	$ 0
Effective Income Tax Rate Reconciliation, Percent [Abstract]
U.S. federal income tax provision (benefit) at statutory rate					21.00%	21.00%
Increase (decrease) in taxes resulting from: [Abstract]
State income tax expense					0.00%	0.00%
Foreign income and losses taxed at different rates					1.00%	0.00%
Change in valuation allowance					(28.00%)	(25.00%)
Paycheck protection program forgiveness					3.00%	0.00%
Non-deductible or non-taxable items					3.00%	4.00%
Effect of income tax rate changes on deferred items					0.00%	0.00%
Provision (benefit) for income taxes					0.00%	0.00%
Deferred tax assets: [Abstract]
Accrued expenses and other liabilities					$ 76,000	$ 42,000
Property and equipment, net					0	112,000
Net operating loss					3,402,000	1,464,000
Stock-based compensation					132,000	147,000
Total gross deferred tax assets					3,610,000	1,765,000
Less: valuation allowance					(3,385,000)	(1,765,000)
Total deferred tax assets					225,000	0
Deferred tax liabilities: [Abstract]
Prepaid expenses and other assets					(191,000)	0
Property and equipment, net					(34,000)	0
Total deferred tax liabilities					(225,000)	0
Net deferred income tax asset (liability)					0	0
Operating Loss Carryforward [Abstract]
Uncertain tax positions					0	0
Penalties and interest incurred					0	0
Unrecognized taxes					$ 0	$ 0
Open tax year					2018 2019 2020	2018 2019 2020
Federal [Member]
Operating Loss Carryforward [Abstract]
Operating loss carryforwards					$ 12,100,000
State [Member]
Operating Loss Carryforward [Abstract]
Operating loss carryforwards					$ 13,500,000
Tax credit carry-forwards, expiration date					Dec. 31, 2030
Foreign [Member]
Operating Loss Carryforward [Abstract]
Operating loss carryforwards					$ 930,000
Tax credit carry-forwards, expiration date					Dec. 31, 2037

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Q2) (Policies)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Basis of Presentation

Principles of Consolidation and Basis of Presentation

The accompanying consolidated financial statements include the accounts of the Company and all its wholly owned subsidiary companies. All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Foreign Currency

We translate the financial statements of our foreign subsidiaries, which have a functional currency in the respective country’s local currency, to U.S. dollars using month-end exchange rates for assets and liabilities and actual exchange rates for revenue, costs and expenses on the date of the transaction. Translation gains and losses are included within “general and administrative expense” on the consolidated statements of operations. These gains and losses are immaterial to the financial statements.

Foreign Currency

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. The Company’s significant estimates include, but are not limited to, the allowance for doubtful accounts, useful lives of deferred contract assets, intangible assets, property and equipment, deferred income tax asset valuation, and certain assumptions used in the valuation for equity awards, convertible notes and warrant liabilities. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. Accounting estimates used in the preparation of these financial statements change as new events occur, as more experience is acquired, as additional information is obtained, and as the operating environment changes. Actual results may differ materially from these estimates.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. The Company’s significant estimates include, but are not limited to, the allowance for doubtful accounts, useful lives of deferred contract assets, intangible assets, property and equipment, deferred income tax asset valuation, and certain assumptions used in the valuation for equity awards. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. Accounting estimates used in the preparation of these financial statements change as new events occur, as more experience is acquired, as additional information is obtained, and as the operating environment changes. Actual results may differ materially from these estimates.

Concentrations of Credit Risk

Financial instruments that potentially subject us to concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. We place our cash and cash equivalents with high credit-quality financial institutions. Such deposits may be in excess of federally insured limits. To date, we have not experienced any losses on our cash and cash equivalents. We perform periodic evaluations of the relative credit standing of the financial institutions.

We perform ongoing credit evaluations of our customers’ financial condition and require no collateral from our customers. We maintain an allowance for doubtful accounts receivable based upon the expected collectability of accounts receivable balances.

During the three and six months ended June 30, 2022, we had one customer representing 13% concentration of revenue, within the United States with 15% and 13% for the three and six months June 30, 2021, respectively.

At June 30, 2022 and December 31, 2021 we had one customer representing 6% and 28% of accounts receivable within the United States, respectively.

Concentrations of Credit Risk

At December 31, 2021, we had one customer representing an 11% concentration of revenue and 28% of accounts receivable within the United States. There was no such concentration at December 31, 2020.

Transaction Costs

The Company incurred significant costs direct and incremental to the business combination and therefore to the recapitalization of the Company. We deferred such costs incurred in 2021. In 2022, upon closing of the business combination, total direct transaction costs were allocated between equity and liability instruments measured at fair value on a recurring basis that were newly issued in the recapitalization. Amounts allocated to equity were recorded to additional paid-in capital, while amounts allocated to the specified liabilities were recorded as other expense. See Note 8, Business Combination, to these consolidated financial statements for further information.

Business Combination

Acquisitions of subsidiaries are accounted for using the acquisition method. The consideration for each acquisition is measured at the aggregate of the fair values (at the date of acquisition) of assets transferred and liabilities incurred or assumed, and equity instruments issued by the Company. Acquisition-related costs are recognized in the statements of operations in the period which they are incurred. Where applicable, the consideration for the acquisition includes any asset or liability resulting from a contingent consideration arrangement, measured at its acquisition-date fair value. Subsequent changes in such fair values are adjusted against the cost of acquisition where they qualify as measurement period adjustments. All other subsequent changes in the fair value of contingent consideration classified as an asset or liability are accounted for in accordance with relevant guidance consistent with ASC 805, Business Combinations. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company will report provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed as of the

acquisition date that, if known, would have affected the amounts recognized as of that date. The measurement period is the period from the date of acquisition to the date the Company obtains complete information about facts and circumstances that existed as of the acquisition date and does not exceed twelve months.

Cash and Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less, when acquired, to be cash equivalents. The Company maintains its cash with one commercial bank.

As of June 30, 2022 and December 31, 2021, the Company exceeded the federally insured limits of $250,000 for interest and noninterest bearing deposits. The Company had cash balances with a single financial institution in excess of the FDIC insured limits by amounts of $13.9 million and $1.9 million as of June 30, 2022 and December 31, 2021, respectively. We monitor the financial condition of such institution and have not experienced any losses associated with these accounts.

Cash and Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less, when acquired, to be cash equivalents. The Company maintains its cash with one commercial bank.

As of December 31, 2021 and 2020, the Company exceeded the federally insured limits of $250,000 for interest and noninterest bearing deposits. The Company had cash balances with a single financial institution in excess of the FDIC insured limits by amounts of $1.9 million and $10.0 million as of December 31, 2021 and 2020, respectively.

Effective Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted

Effective Accounting Pronouncements

In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. The amendments in this update modify the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. This update is effective beginning after December 15, 2021. We adopted this standard on January 1, 2022. The adoption of this standard did not have a material impact on our consolidated financial statements for the period ended June 30, 2022.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes. The ASU enhances and simplifies various aspects of the income tax accounting guidance in ASC 740, including requirements related to the following: (1) hybrid tax regimes; (2) tax basis step-up in goodwill obtained in a transaction that is not a business combination; (3) separate financial statements of entities not subject to tax; (4) intra-period tax allocation exception to the incremental approach; (5) ownership changes in investments; (6) interim-period accounting for enacted changes in tax law; and (7) year-to-date loss limitation in interim-period tax accounting. The amendments in ASU 2019-12 are effective for public business entities for fiscal years beginning after December 15, 2020, including interim periods therein. This update is effective beginning after December 15, 2021. We adopted this standard on January 1, 2022. The adoption of this standard did not have a material impact on our consolidated financial statements for the period ended June 30, 2022.

In January 2020, the FASB issued ASU 2020-01, Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. The amendments in this update clarify certain interactions between the guidance to account for certain

equity securities. This update is effective beginning after December 15, 2021. We adopted this standard on January 1, 2022. The adoption of this standard did not have a material impact on our consolidated financial statements for the period ended June 30, 2022.

In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Under ASU 2020-06, embedded conversion features are no longer separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives, or that do not result in substantial premiums accounted for as paid-in capital. The convertible debt instruments will now be accounted for as a single liability measured at amortized cost. This results in the interest expense recognized for convertible debt instruments to be closer to the coupon interest rate. The new guidance also requires the if-converted method to be applied for all convertible instruments when calculating earnings per share. This update is effective beginning after December 15, 2021. We adopted this standard on January 1, 2022. The adoption of this standard did not have a material impact on our consolidated financial statements for the period ended June 30, 2022.

Recent Accounting Pronouncements Not Yet Adopted

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). FASB issued ASU 2016-02 to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Certain qualitative and quantitative disclosures are required, as well as a retrospective recognition and measurement of impacted leases. In June 2020, FASB issued ASU 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Deferral of the Effective Dates for Certain Entities, which deferred the effective date of ASU 2016-02 to annual reporting periods beginning after December 15, 2021, with early adoption permitted. In July 2021, the FASB released Update No. 2021-05 Lessors—Certain Leases with Variable Lease Payments. The amendments in this update affect lessors with lease contracts that (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. The amendments in this update amend Topic 842. The amendments are effective for fiscal years beginning after December 15, 2021, for all entities, and interim periods within those fiscal years for public business entities and interim periods within fiscal years beginning after December 15, 2022, for all other entities. Management is currently evaluating the impact of adopting this standard on our financial condition and results of operations.

In June 2016, FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, to revise the criteria for the measurement, recognition, and reporting of credit losses on financial instruments to be recognized when expected. In November 2019, FASB issued ASU 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842), which deferred the effective date of ASU 2016-13 to annual reporting periods beginning after December 15, 2022, with early adoption permitted. Management is currently evaluating the impact of adopting this standard on our financial condition and results of operations.

In October 2021, the FASB issued ASU 2021-08 - Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The amendments in this update require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The amendments in this update should be applied prospectively to business combinations occurring on or after the effective date of the amendments. Early adoption of the amendments is permitted, including adoption in an interim period. An entity that early adopts in an interim period should apply the amendments (1) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early application and (2) prospectively to all business combinations that occur on or after the date of initial application. Management is currently evaluating the impact of adopting this standard on our financial condition and results of operations.

Fair Value Measurements

The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

Level 1:

Level 2:

Level 3:

Net Loss Per Share

shares of common stock, including outstanding stock options and common stock issuable pursuant to Series B, A and Seed preferred stock possible conversion. Basic and diluted net loss per share was the same for each period presented, given that there are losses during the period, the inclusion of all potential common shares outstanding would have been anti-dilutive.

Earnings Per Share

The Company computes net income per share in accordance with ASC 260, Earnings Per Share. Under the provisions of ASC 260, basic net income per share is computed by dividing the net income available to common shareholders by the weighted average common shares outstanding during the period. Diluted net income per share adjusts basic net income per share for the effects of stock options, warrants, convertible notes and restricted stock awards only in periods, or for such awards in which the effect is dilutive. ASC 260 also requires the Company to present basic and diluted earnings per share information separately for each class of equity instruments that participate in any income distribution with primary equity instruments.

NET LOSS PER SHARE - Basic and Diluted Earnings Per Share (Q2) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net loss	$ (2,611)	$ (1,454)	$ (5,476)	$ (2,572)	$ (5,750)	$ (1,598)
Denominator
Weighted-average common shares outstanding - basic (in shares)	19,285,050	17,767,554	18,586,515	17,749,178	13,385,267	14,047,342
Weighted-average common shares outstanding - diluted (in shares)	19,285,050	17,767,554	18,586,515	17,749,178	13,385,267	14,047,342
Basic loss per common share (in dollars per share)	$ (0.14)	$ (0.08)	$ (0.29)	$ (0.14)	$ (0.43)	$ (0.11)
Diluted loss per common share (in dollars per share)	$ (0.14)	$ (0.08)	$ (0.29)	$ (0.14)	$ (0.43)	$ (0.11)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

REVENUE RECOGNITION - Contract Assets and Contract Liabilities (Q2) (Details) - USD ($)
$ in Thousands

Jun. 30, 2022

Dec. 31, 2021

^[1]

Jun. 30, 2021

Dec. 31, 2020

Dec. 31, 2019

Contract assets consisted of the following as of:

Deferred sales commissions

$ 324

$ 364

Contract liabilities consisted of the following as of:

Contract liabilities

427

$ 450

$ 560

$ 323

Retail revenue

Contract liabilities consisted of the following as of:

Contract liabilities

256

$ 231

Set-up revenue

Contract liabilities consisted of the following as of:

Contract liabilities

101

Brand revenue

Contract liabilities consisted of the following as of:

Contract liabilities

$ 80

$ 118

[1]	Derived from audited consolidated financial statements

BUSINESS COMBINATION (FY)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

BUSINESS COMBINATION [Abstract]

BUSINESS COMBINATION

NOTE 8 – BUSINESS COMBINATION

Reverse Merger

An extraordinary general meeting (the “Special Meeting”) was held on June 9, 2022, where the Tuatara shareholders considered and approved, among other matters, a proposal to approve the transactions contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of April 14, 2022, as amended by the Amendment No. 1 to the Amended and Restated Agreement and Plan of Merger, dated as of May 4, 2022.

The business combination was consummated on June 14, 2022. Holders of an aggregate of 19,123,806 Class A ordinary shares of Tuatara sold in its initial public offering properly exercised their right to have such shares redeemed for a full pro rata portion of the trust account holding the proceeds from Tuatara’s IPO, which was approximately $10.01 per share, or $191,437,817 in the aggregate. The holders that did not elect to have their shares redeemed, received, following the domestication, additional shares of common stock which amounted to 876,194 shares of common stock, resulting in total shares of 1,752,388.

Beginning June 15, 2022, the ticker symbols for TCAC’s common stock and warrants were changed to “SBIG” and “SBIGW,” respectively, and commenced trading on The Nasdaq Global Market. The Company received net proceeds of $18.8 million, with gross proceeds of $25.1 million, in addition to the $7.0 million Convertible Notes which were issued in February 2022 and were converted into common stock at the Closing, see Note 9, 15% Convertible Promissory Notes, to these consolidated financial statements for further information. Of the amounts received, approximately $8.8 million represents remaining funds for unredeemed shares from the TCAC trust; $6.1 million from PIPE Financing proceeds and $10.0 million from the Secured Convertible Note.

On April 29, 2022, the Company entered into the Stock Purchase Agreement with Cantor, which was subsequently amended on July 20, 2022. The Company, in its sole discretion, shall have the right, but not the obligation, to issue and sell to Cantor, and Cantor shall purchase from the Company, up to $50.0 million of common shares, par value $0.0001 per share, subject to certain terms and conditions.

The following table provides a summary of the significant sources and uses of cash related to the closing of the business combination on June 14, 2022, (in thousands):

Amount available after paying TCAC redeeming stockholders			$8,771
Proceeds from convertible notes			10,000
Proceeds from PIPE Financing			6,100
TCAC operating account			264
Gross proceeds available at closing			25,135
Expenses paid at closing			(6,346)
Net cash to Legacy SpringBig at closing			$18,789
Post closing expense (cash paid or accrued for expenses by Legacy SpringBig)			(8,604)
Net cash after closing			$10,185

The following table provides a reconciliation of the common shares related to the business combination transaction:

TCAC non-redeeming shareholders			1,752,388
PIPE Investors			1,341,356
TCAC sponsor shareholders			4,000,000
Legacy SpringBig shareholders			18,196,526
Issued and outstanding			25,290,270

Of the 1,341,356 shares of common stock shown above, 730,493 shares were issued to holders of the Convertible Note (which was converted Closing), representing repayment of principal of $7.0 million and outstanding interest of $305,000, in accordance with the terms of the Convertible Notes. See Note 9, 15% Convertible Promissory Note, to these consolidated financial statements for further information.

Acquisition of Beaches Development Group Ltd

In January 2021, the Company formed Medici Canada LLC, an indirect wholly owned subsidiary of the Company, to acquire all the issued and outstanding capital stock of Beaches Development Group LTD, an Ontario corporation, pursuant to a stock purchase agreement.

The fair value of the consideration paid in connection with this transaction was satisfied through the issuance of 107,297 shares of the Company’s common stock, par value $0.0001 per share (180,972 converted at a conversion rate of 0.59289 into SpringBig Holdings, Inc. shares), valued at $135,000, and $155,000 in cash.

The purchase price allocation is as follows (in thousands):

			June 30, 2021
Fair value of shares			$135
Less: Post combination cost - restricted shares			(85)
Fair value of net shares			50
Cash consideration			132
Indemnity holdback			23
Fair value of purchase consideration			$205

Assets assumed			$9
Goodwill			—
Intangibles (Software)			196
Fair value of assets			$205

Of the 107,297 shares, 39,762 shares with a value of approximately $50,000 were issued to the sellers at the closing of the transaction. Two of the sellers signed employment contracts with Beaches Development Group LTD; 67,535 shares were allocated to them as purchase consideration with a value of $85,000 and were unvested as of the closing date of the acquisition (or the “acquisition date”). Such unvested shares were schedule to vest, over a two-year period, with 50% in the first year 1 and the remaining 50% in the second year following the acquisition date. As a result, the shares were treated as post-combination expense and were restricted at the time of issuance. All unvested shares were subsequently vested with the consummation of the business combination on June 14, 2022. The Company incurred expense totaling $18,000 and $27,000 for the three and six months ended June 30, 2022, and $16,000 and $27,000 for the three and six months ended June 30, 2021, respectively, related to these shares which is included in general and administrative expense on the statement of operations, with the exception of $14,000, which is classified as merger cost as a result of early vesting in connection with the completion of the business combination with Tuatara. The amount is included under additional paid in capital as part of merger expenses.

Approximately $23,000 of the cash price was initially withheld as an indemnity holdback to offset any losses payable by the Company for a period of 12 months, any remaining indemnity shall be released to the seller’s representative thereafter. The indemnity holdback was paid to the seller during the six months ended June 30, 2022.

Medici Canada LLC assumed cash totaling $9,000; this was the only tangible asset assumed at purchase, no liabilities assumed. The purchase price was allocated to the cash assumed with the excess of $196,000 allocated to software intangible assets and is included under property and equipment in the Company’s balance sheet as of June 30, 2022 and December 31, 2021. The Company adopted a cost to replace valuation approach in ascertaining the value of the software.

Software intangible assets are being amortized over a three-year period. The Company incurred amortization expense of approximately $16,000 and $32,000, respectively, for the three and six months ended June 30, 2022, which is included in general and administrative expenses in the consolidated statement of operation. The aggregate remaining amortization expense is approximately $104,000.

We incurred costs related to the acquisition of approximately, $11,000 during the six months ended June 30, 2021. All acquisition related costs were expensed as incurred and have been recorded in general and administrative expenses in our consolidated statements of operations.

NOTE 6 – BUSINESS COMBINATION

In January 2021, the Company formed Medici Canada LLC, a wholly owned subsidiary of the Company, to acquire all of the issued and outstanding capital stock of Beaches Development Group LTD, an Ontario corporation, pursuant to a stock purchase agreement.

The fair value of the consideration paid in connection with this transaction was satisfied through the issuance of 180,972 shares of the Company’s common stock, par value $0.001 per share, valuing $135,000, and $155,000 in cash.

The purchase price allocation is as follows (in thousands):

			December 31, 2021
Fair value of shares			$135
Less: Post combination cost - restricted stocks			(85)
Fair value of net shares			50
Cash consideration			132
Indemnity holdback			23
Fair value of purchase consideration			205
Cash			$9
Goodwill			—
Intangibles (Software)			196
Fair value of assets			$205

Of the 180,972 shares, 67,064 shares with value of approximately $50,000 were issued to the sellers. Two of the sellers signed employment contracts with Beaches Development Group LTD; the shares allocated to them as purchase consideration totaled 113,908 with value of $85,000 and are unvested at acquisition date, these will be vested over a two-year period, with 50% in year 1 and the remaining 50% in year 2. As a result, the shares are treated as post combination expense and are restricted. The Company incurred expense totaling $67,000 for twelve months ended December 31, 2021 related to these restricted stocks which is included in general and administrative expense on the statement of operations.

Approximately $23,000 of the cash price has been withheld as an indemnity holdback to offset any losses payable by the Company for a period of 12 months, any remaining indemnity shall be released to the seller’s representative thereafter. The indemnity holdback is included in other liabilities on the accompanying consolidated balance sheets.

Medici acquired cash totaling $9,000, no liabilities assumed. The purchase price was allocated to the cash assumed with the excess of $196,000 allocated to software intangible assets and is included under property and equipment in the Company’s balance sheet as of December 31, 2021. The Company adopted a cost to replace valuation approach in ascertaining the value of the software.

Software intangible assets are being amortized over a three-year period. The Company incurred amortization expense of approximately $60,000 for the twelve months ended December 31, 2021, which is included in general and administrative expenses in the consolidated statement of operations for the twelve months ended December 31, 2021. The aggregate amortization expense for the next two years is approximately $136,000.

We incurred costs related to the acquisition of approximately, $11,000 during the twelve months ended December 31, 2021. All acquisition related costs were expensed as incurred and have been recorded in general and administrative expenses in our consolidated statements of operations.

NET LOSS PER SHARE (Q2) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

NET LOSS PER SHARE [Abstract]

Reconciliation of Actual Basic and Diluted Earnings Per Share

The following table reconciles actual basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021, respectively (in thousands, except share and per share data).

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Loss per share:
Numerator:
Net loss	$(2,611)	$(1,454)	$(5,476)	$(2,572)
Denominator
Weighted-average common shares outstanding
Basic and diluted	19,285,050	17,767,554	18,586,515	17,749,178
Net loss per common share
Basic	$(0.14)	$(0.08)	$(0.29)	$(0.14)

The following table reconciles actual basic and diluted earnings per share for the year ended December 31, 2021 and 2020.

	December 31
	2021	2020
Loss per share:
Numerator:
Net loss	$(5,750)	$(1,598)

Denominator
Weighted-average common shares outstanding - basic and diluted	13,385,267	14,047,342
	________	________
Basic and diluted loss per common share	$(0.43)	$(0.11)

Schedule of Antidilutive Securities Excluded from Computation of Net Loss Per Share

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share for the three and six months ended June 30, 2022 were as follows:

	2022	2021
Shares unvested and subject to exercise of stock options	192,689	4,154,898
Shares subject to outstanding common stock options	3,486,482	2,515,944
Shares subject to convertible notes stock conversion	916,667	—
Shares subject to warrants stock conversion	16,000,000	—

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share were as follows:

	December 31
	2021	2020
Shares subject to Series A Preferred Stock Conversion	5,088,944	5,088,944
Shares subject to Series B Preferred Stock Conversion	4,584,202	4,584,202
Shares subject to Seed Preferred Stock Conversion	6,911,715	6,911,715
Shares vested and subject to exercise of stock options	4,628,311	3,838,429
Shares unvested and subject to exercise of stock options	2,174,126	2,202,614

FAIR VALUE MEASUREMENTS - Narratives (Q2) (Details)
$ / shares in Units, $ in Thousands

6 Months Ended

Jun. 14, 2022

USD ($)

$ / shares

Jun. 30, 2022

USD ($)

$ / shares

Jun. 30, 2021

USD ($)

Jun. 13, 2022

$ / shares

Dec. 31, 2021

USD ($)

^[1]

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Derivative liability, noncurrent

$ 1,616

$ 0

Proceeds from convertible notes

7,000

$ 0

Private warrants

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Derivative liability, noncurrent

606

Public warrants

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Derivative liability, noncurrent

$ 1,010

Convertible Notes Payable

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Proceeds from convertible notes

$ 10,000

Measurement Input, Share Price | Private warrants

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Derivative liability measurement input | $ / shares

0.101

Tranche One | Convertible Notes Payable

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Aggregate principal amount

11,000

Discount issued on convertible notes

$ 1,000

Estimate of Fair Value Measurement

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Derivative liability, noncurrent

$ 1,600

Redeemable Warrants | Class A common stock

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Warrants outstanding (in shares) | shares

10,000,000

Exercise price of warrants (in dollars per share) | $ / shares

$ 11.50

Number of shares issuable per each warrant (in shares) | shares

Private Placement Warrant

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Warrants outstanding (in shares) | shares

6,000,000

Exercise price of warrants (in dollars per share) | $ / shares

$ 11.50

Senior secured convertible note

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Warrants outstanding (in shares) | shares

586,980

Exercise price of warrants (in dollars per share) | $ / shares

$ 12.00

[1]	Derived from audited consolidated financial statements

PROPERTY AND EQUIPMENT (Q2)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

PROPERTY AND EQUIPMENT [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following (in thousands):

	June 30, 2022	December 31, 2021
Computer equipment	$308	$225
Data warehouse	286	256
Software	196	196
	790	677
Less accumulated depreciation and amortization	(319)	(197)
Property and Equipment	$471	$480

The useful life of computer equipment, software and the data warehouse is 3 years.

Depreciation and amortization expense for the three months ended June 30, 2022 and 2021 was $64,000 and $6,000, respectively, and $123,000 and $12,000 for the six months ended June 30, 2022 and 2021, respectively.

The amounts are included in general and administrative expenses in the consolidated statements of operations.

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of December 31, 2021 and 2020:

	December 31,
	2021	2020
Computer equipment	$225	$83
Data warehouse	256	145
Software	196	—
	677	228
Less accumulated depreciation and amortization	(197)	(23)
Property and Equipment	$480	$205

The useful life of computer equipment, software and the data warehouse is 3 years.

Depreciation and amortization expense for the twelve months ended December 31, 2021 and 2020 was $173,000 and $19,000, respectively. The amounts are included in general and administrative expenses in the consolidated statements of operations.

SENIOR SECURED CONVERTIBLE NOTES (Q2)	6 Months Ended	12 Months Ended
SENIOR SECURED CONVERTIBLE NOTES (Q2)	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
SENIOR SECURED CONVERTIBLE NOTES	NOTE 9 – 15% CONVERTIBLE PROMISSORY NOTES In February 2022, the Company issued $7.0 million in aggregate principal amount of convertible promissory notes due September 30, 2022 (the “Convertible Notes”). The Convertible Notes accrued interest at the rate of 15.0% per annum on the principal amount of the Convertible Notes, due and payable at the maturity date of September 30, 2022 (the “Maturity Date”), if not converted prior to the maturity date. Under the terms of such notes, the conversion of the Convertible Notes could be triggered by the closing of the business combination between Tuatara and Legacy SpringBig, the occurrence of the stated maturity date, or in connection with certain equity issuances. The Convertible Notes contained customary events of default such as failures to observe or perform any covenants, obligation, condition or agreement contained in the Convertible Notes and commencement of bankruptcy. In connection with the consummation of the business combination, the Convertible Notes and outstanding accrued interest converted in full into 730,493 of common stock at a price of $10.00 per share, representing repayment of principal of $7.0 million and outstanding interest of $305,000, in accordance with the terms of the Convertible Notes. The Company recorded $216,000 and $305,000 of interest expense on the Convertible Notes for the three months ended and six months ended June 30, 2022, respectively. NOTE 10 – SENIOR SECURED CONVERTIBLE NOTES In connection with the business combination, on June 14, 2022, the Company issued $11.0 million in aggregate principal amount of Senior Secured Original Issue Discount Convertible Note, due June 14, 2024 (the “Secured Convertible Notes”), issued at a discount of $1.0 million, with proceeds of $10.0 million received on the Closing Date. The Secured Convertible Notes accrue interest at the rate of 6.0% per annum which is payable quarterly in arrears, commencing six months after issuance, which may be settled in cash. The Company may, at its option, satisfy each principal payment either in cash or, if certain conditions set forth in the Secured Convertible Notes are met, by issuing a number of shares of common stock equal to the amount due on such date divided by the lower of (i) the number of shares determined based on at a rate of $12.00 per share or (ii) 93% of the volume-weighted average price prior to such monthly payment date. The issuance of the Secured Convertible Notes allows up to $16.0 million principal amount to be issued which has been subscribed for by a global institutional investor. The initial tranche of $11.0 million closed in connection with the closing of the merger. The second tranche of $5.0 million, subject to certain conditions in the agreement, will close 60 days after a resale registration statement regarding the common stock underlying the Secured Convertible Notes and Convertible Warrants (defined below) is declared effective by the SEC, or at such other time as is determined by the Company and the investor, subject to certain conditions. A warrant representing 586,980 shares of common stock of the Company (the “Convertible Warrant”) was also issued in a private placement with the purchaser party thereto. The Convertible Warrant is exercisable for shares of the Company’s common stock at an exercise price of $12.00 per share, subject to certain anti-dilution adjustments. The Note is convertible at the option of the holder beginning at the earlier of (i) the date of effectiveness of a registration statement as contemplated in that certain Registration Rights Agreement entered into between the Company and the purchaser party thereto or (ii) June 14, 2023 at an initial conversion share price of $12.00 per share. The Secured Convertible Notes are secured against substantially all the assets of the Company and each material subsidiary, including Legacy SpringBig. The Secured Convertible Notes include restrictive covenants that, among other things, limit the ability of the Company to incur additional indebtedness and guarantee indebtedness; incur liens or allow mortgages or other encumbrances; prepay, redeem, or repurchase certain other debt; pay dividends or make other distributions or repurchase or redeem our capital stock; sell assets or enter into or effect certain other transactions (including a reorganization, consolidation, dissolution or similar transaction or selling, leasing, licensing, transferring or otherwise disposing of assets of the Company or its subsidiaries); issue additional equity (outside of the equity facility with Cantor, issuances under our equity compensation plan and other limited exceptions); enter into variable rate transactions (exclusive of the equity facility with Cantor); and adopt certain amendments to our governing documents, among other restrictions. The Notes also contains customary events of default. The Company determined that the Secured Convertible Notes meet the variable share obligations requirements under ASC 480, Distinguishing Liabilities From Equity, as a result is classified as a liability measured at fair value, with changes in fair value recognized in earnings. The Company adopted ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and elected to carry the Secured Convertible Notes at fair value. The fair value is determined in accordance with ASC 820, Fair Value Measurement. See Note 15, Fair Value Measurements, to the accompanying consolidated financial statements for further information. At June 30, 2022, the outstanding principal of the Secured Convertible Notes was $11.0 million with a carrying value of $9.8 million, net of discount of $1.2 million. The Company recorded a change in fair value gain of approximately $11,000 for the three and six months ended June 30, 2022, the amount is included in the statement of operations for the period ended.	NOTE 7 – PAYCHECK PROTECTION PROGRAM LOAN The Company received $781,000 from a Paycheck Protection Program (“PPP”) loan on May 1, 2020, through the Small Business Administration (“SBA”) that was made available under the CARES Act in response to the COVID-19 pandemic. On August 11, 2021 the Company received full forgiveness for the PPP loan. The income from forgiveness is included on the consolidated statements of operations for the year ended December 31, 2021.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Subparagraph (d)
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

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-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 1C
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-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

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-Name Accounting Standards Codification
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-Paragraph 1E
-Subparagraph (b)
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-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1I
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-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

ACCOUNTS RECEIVABLE (Q2)

6 Months Ended

Jun. 30, 2022

ACCOUNTS RECEIVABLE [Abstract]

ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

Accounts receivable, net consisted of the following (in thousands):

	June 30, 2022	December 31, 2021
Accounts receivable	$3,242	$2,533
Unbilled receivables	784	809
	4,026	3,342
Less allowance for doubtful accounts	(429)	(297)
Accounts receivable, net	$3,597	$3,045

Bad debt expense was $181,000 and $30,000 for the three months ended June 30, 2022 and 2021, respectively, and $214,000 and $60,000 for the six months ended June 30, 2022 and 2021, respectively.

PAYCHECK PROTECTION PROGRAM LOAN (FY) (Details)	May 01, 2020 USD ($)
COVID-19 [Member] \| Paycheck Protection Program [Member]
PPP Loan [Abstract]
Loan amount	$ 781,000

FAIR VALUE MEASUREMENTS - Schedule Of Fair Value, Liabilities Measured on Recurring Basis (Q2) (Details) - USD ($)
$ in Thousands

Jun. 30, 2022

Dec. 31, 2021

^[1]

Liabilities:

Senior secured convertible note

$ 9,843

$ 0

Derivative liability, noncurrent

1,616

$ 0

Total Fair Value

11,459

Private warrants

Liabilities:

Derivative liability, noncurrent

606

Public warrants

Liabilities:

Derivative liability, noncurrent

1,010

Level 1

Liabilities:

Senior secured convertible note

Total Fair Value

1,010

Level 1 | Public warrants

Liabilities:

Derivative liability, noncurrent

1,010

Level 2

Liabilities:

Total Fair Value

606

Level 2 | Private warrants

Liabilities:

Derivative liability, noncurrent

606

Level 3

Liabilities:

Senior secured convertible note

9,843

Total Fair Value

$ 9,843

[1]	Derived from audited consolidated financial statements

ACCOUNTS RECEIVABLE - Summary (Q2) (Details) - USD ($)
$ in Thousands

Jun. 30, 2022

Dec. 31, 2021

Dec. 31, 2020

ACCOUNTS RECEIVABLE [Abstract]

Accounts receivable

$ 3,242

$ 2,533

Unbilled receivables

784

809

Accounts receivable, gross

4,026

3,342

$ 1,291

Less allowance for doubtful accounts

(429)

(297)

(150)

Accounts receivable, net

$ 3,597

$ 3,045

^[1]

$ 1,141

[1]	Derived from audited consolidated financial statements

STOCK BASED COMPENSATION - Contingent Shares Roll Forward (Q2) (Details)	Jun. 14, 2022 shares
Contingent And Earnout Shares, Scenario Three
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Contingent and earnout shares, to be issued (in shares)	1,250,000

BUSINESS COMBINATION (Q2)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Reverse Recapitalization Business Combination And Asset Acquisition [Abstract]

BUSINESS COMBINATION

NOTE 8 – BUSINESS COMBINATION

Reverse Merger

The following table provides a summary of the significant sources and uses of cash related to the closing of the business combination on June 14, 2022, (in thousands):

Amount available after paying TCAC redeeming stockholders			$8,771
Proceeds from convertible notes			10,000
Proceeds from PIPE Financing			6,100
TCAC operating account			264
Gross proceeds available at closing			25,135
Expenses paid at closing			(6,346)
Net cash to Legacy SpringBig at closing			$18,789
Post closing expense (cash paid or accrued for expenses by Legacy SpringBig)			(8,604)
Net cash after closing			$10,185

The following table provides a reconciliation of the common shares related to the business combination transaction:

TCAC non-redeeming shareholders			1,752,388
PIPE Investors			1,341,356
TCAC sponsor shareholders			4,000,000
Legacy SpringBig shareholders			18,196,526
Issued and outstanding			25,290,270

Acquisition of Beaches Development Group Ltd

The purchase price allocation is as follows (in thousands):

			June 30, 2021
Fair value of shares			$135
Less: Post combination cost - restricted shares			(85)
Fair value of net shares			50
Cash consideration			132
Indemnity holdback			23
Fair value of purchase consideration			$205

Assets assumed			$9
Goodwill			—
Intangibles (Software)			196
Fair value of assets			$205

BUSINESS COMBINATION

NOTE 8 – BUSINESS COMBINATION

Reverse Merger

The following table provides a summary of the significant sources and uses of cash related to the closing of the business combination on June 14, 2022, (in thousands):

Amount available after paying TCAC redeeming stockholders			$8,771
Proceeds from convertible notes			10,000
Proceeds from PIPE Financing			6,100
TCAC operating account			264
Gross proceeds available at closing			25,135
Expenses paid at closing			(6,346)
Net cash to Legacy SpringBig at closing			$18,789
Post closing expense (cash paid or accrued for expenses by Legacy SpringBig)			(8,604)
Net cash after closing			$10,185

The following table provides a reconciliation of the common shares related to the business combination transaction:

TCAC non-redeeming shareholders			1,752,388
PIPE Investors			1,341,356
TCAC sponsor shareholders			4,000,000
Legacy SpringBig shareholders			18,196,526
Issued and outstanding			25,290,270

Acquisition of Beaches Development Group Ltd

The purchase price allocation is as follows (in thousands):

			June 30, 2021
Fair value of shares			$135
Less: Post combination cost - restricted shares			(85)
Fair value of net shares			50
Cash consideration			132
Indemnity holdback			23
Fair value of purchase consideration			$205

Assets assumed			$9
Goodwill			—
Intangibles (Software)			196
Fair value of assets			$205

NOTE 6 – BUSINESS COMBINATION

The purchase price allocation is as follows (in thousands):

			December 31, 2021
Fair value of shares			$135
Less: Post combination cost - restricted stocks			(85)
Fair value of net shares			50
Cash consideration			132
Indemnity holdback			23
Fair value of purchase consideration			205
Cash			$9
Goodwill			—
Intangibles (Software)			196
Fair value of assets			$205

BUSINESS COMBINATION (FY) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

BUSINESS COMBINATION [Abstract]

Purchase Price Allocation

The purchase price allocation is as follows (in thousands):

			June 30, 2021
Fair value of shares			$135
Less: Post combination cost - restricted shares			(85)
Fair value of net shares			50
Cash consideration			132
Indemnity holdback			23
Fair value of purchase consideration			$205

Assets assumed			$9
Goodwill			—
Intangibles (Software)			196
Fair value of assets			$205

The purchase price allocation is as follows (in thousands):

			December 31, 2021
Fair value of shares			$135
Less: Post combination cost - restricted stocks			(85)
Fair value of net shares			50
Cash consideration			132
Indemnity holdback			23
Fair value of purchase consideration			205
Cash			$9
Goodwill			—
Intangibles (Software)			196
Fair value of assets			$205

COMMITMENTS AND CONTINGENCIES (FY) (Tables)

12 Months Ended

Dec. 31, 2021

COMMITMENTS AND CONTINGENCIES [Abstract]

Future Minimum Payments under Operating Leases

Future minimum payments under operating leases for each of the three succeeding years subsequent to December 31, 2021 are as follows (in thousands):

December 31			Amount
2022			$471
2023			363
2024			264
			$1,098

STOCK BASED COMPENSATION (FY) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

STOCK BASED COMPENSATION [Abstract]

Information on Stock Options Outstanding

The following table summarizes information on stock options outstanding as of June 30, 2022 and 2021 under the Legacy Incentive Plan:

	Options Outstanding		Options Vested and Exercisable
Fixed Options	Number of Options	Weighted Average Exercise Price (Per Share)	Number of Options	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price (Per Share)
Outstanding Balance, January 1, 2022	6,802,437	$0.38	4,628,311	6.79	$0.24
Options granted	—
Options exercised	(530,666)	$0.55
Options forfeited	(61,460)	$0.75
Options cancelled	(4,791)	$0.75
Outstanding Balance, June 30, 2022	6,205,520
Conversion ratio	0.5929
SpringBig Holdings options	3,679,171	0.58	3,486,482	—	—

The following table summarizes information on stock options outstanding as of December 31, 2021 and 2020:

	Options Outstanding		Options Vested and Exercisable
Fixed Options	Number of Options	Weighted Average Exercise Price (Per Share)	Number of Options	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price (Per Share)
Outstanding Balance, January 1, 2020	4,597,500	$0.19	2,970,724	8.48	$0.17
Options granted	1,575,000	$0.68
Options exercised	(33,436)	$0.37
Options forfeited	(56,668)	$0.33
Options cancelled	(41,353)	$0.39
Outstanding Balance, December 31, 2020	6,041,043	$0.31	3,838,429	7.62	$0.19

Options granted	1,173,500	$ 0.75
Options exercised	(159,477)	$0.24
Options forfeited	(237,528)	$0.66
Options cancelled	(15,101)	$0.54
Outstanding Balance, December 31, 2021	6,802,437	$0.38	4,628,311	6.79	$ 0.24

Aggregate Intrinsic Value

The following table summarizes the aggregate intrinsic value as of December 31, 2021 and 2020:

	Options Outstanding		Options Vested and Exercisable
	(In thousands except share data)		(In thousands except share data)
Fixed Options	Number of Options	Aggregate Intrinsic Value	Number of Options	Aggregate Intrinsic Value
January 1, 2020	4,597,500	$1,162	2,970,724	$812
December 31, 2020	6,041,043	$2,649	3,838,429	$2,146
December 31, 2021	6,802,437	$24,761	4,628,311	$18,652

Weighted average Assumptions Used in Determining Fair Value

The following table provides the weighted average assumptions used in determining the fair value of the stock-based awards for the twelve months ended December 31, 2021 and 2020:

	2021	2020
Risk-free rate	1.07%	0.79%
Expected life (years)	6.06	5.76
Expected volatility	52.72%	52.53%
Expected dividend yield	—%	—%

BUSINESS COMBINATION - Purchase Price Allocation (Q2) (Details) - USD ($)	1 Months Ended	6 Months Ended		12 Months Ended
	Jan. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Issue of common stock for business combination		$ 0	$ 50,000
Beaches Development Group LTD
Business Acquisition [Line Items]
Issue of common stock for business combination	$ 135,000			$ 136,000
Cash consideration	132,000			132,000
Indemnity holdback	23,000
Fair value of purchase consideration	205,000			205,000
Assets assumed	9,000			9,000
Goodwill	0			0
Fair value of assets	205,000			$ 205,000
Beaches Development Group LTD \| Beaches Development Group LTD - Sellers Who Entered Into Employment Contracts \| Restricted Stock
Business Acquisition [Line Items]
Issue of common stock for business combination	85,000
Beaches Development Group LTD \| Beaches Development Group LTD - Sellers
Business Acquisition [Line Items]
Issue of common stock for business combination	50,000
Beaches Development Group LTD \| Intangibles (Software)
Business Acquisition [Line Items]
Intangible assets acquired	$ 196,000

NET LOSS PER SHARE (FY) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

NET LOSS PER SHARE [Abstract]

Reconciliation of Actual Basic and Diluted Earnings Per Share

The following table reconciles actual basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021, respectively (in thousands, except share and per share data).

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Loss per share:
Numerator:
Net loss	$(2,611)	$(1,454)	$(5,476)	$(2,572)
Denominator
Weighted-average common shares outstanding
Basic and diluted	19,285,050	17,767,554	18,586,515	17,749,178
Net loss per common share
Basic	$(0.14)	$(0.08)	$(0.29)	$(0.14)

The following table reconciles actual basic and diluted earnings per share for the year ended December 31, 2021 and 2020.

	December 31
	2021	2020
Loss per share:
Numerator:
Net loss	$(5,750)	$(1,598)

Denominator
Weighted-average common shares outstanding - basic and diluted	13,385,267	14,047,342
	________	________
Basic and diluted loss per common share	$(0.43)	$(0.11)

Antidilutive Securities Excluded from Weighted-Average Shares Used to Calculate Diluted Net Loss Per Common Share

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share for the three and six months ended June 30, 2022 were as follows:

	2022	2021
Shares unvested and subject to exercise of stock options	192,689	4,154,898
Shares subject to outstanding common stock options	3,486,482	2,515,944
Shares subject to convertible notes stock conversion	916,667	—
Shares subject to warrants stock conversion	16,000,000	—

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share were as follows:

	December 31
	2021	2020
Shares subject to Series A Preferred Stock Conversion	5,088,944	5,088,944
Shares subject to Series B Preferred Stock Conversion	4,584,202	4,584,202
Shares subject to Seed Preferred Stock Conversion	6,911,715	6,911,715
Shares vested and subject to exercise of stock options	4,628,311	3,838,429
Shares unvested and subject to exercise of stock options	2,174,126	2,202,614

NET LOSS PER SHARE - Narrative (Q2) (Details) - shares	Jun. 30, 2022	Jun. 14, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
NET LOSS PER SHARE [Abstract]
Common stock, shares, issued (in shares)	25,290,270	25,290,270	17,862,108	17,767,555	13,200,875
Common stock, shares, outstanding (in shares)	25,290,270	25,290,270	17,862,108	17,767,555	13,200,875

15% CONVERTIBLE PROMISSORY NOTES (Q2) (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2020
Short-Term Debt [Line Items]
Share price (in dollars per share)						$ 2.59
Interest expense		$ 219,000	$ 0	$ 312,000	$ 0
Convertible Notes Payable
Short-Term Debt [Line Items]
Interest expense		$ 216,000		$ 305,000
Accrued interest payable, current	$ 305,000
15.00% Convertible Notes \| Convertible Notes Payable
Short-Term Debt [Line Items]
Interest rate	15.00%
Aggregate principal amount	$ 7,000,000.0
Shares issued upon conversion (in shares)	730,493
Share price (in dollars per share)	$ 10.00
Repayments of debt	$ 7,000,000.0

CONVERTIBLE NOTE RECEIVABLE (Q2) (Details) - USD ($)
$ in Thousands

Jun. 30, 2022

Apr. 29, 2022

Dec. 31, 2021

^[1]

ACCOUNTS RECEIVABLE [Abstract]

Convertible note receivable

$ 250

$ 0

Note receivable, interest rate

5.00%

[1]	Derived from audited consolidated financial statements

COMMITMENTS AND CONTINGENCIES (FY) (Details) - USD ($)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (FY) (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Future Minimum Payments Under Operating Leases [Abstract]
2022	$ 471,000
2023	363,000
2024	264,000
Total	1,098,000
General and Administrative Expense [Member]
Lease Agreements [Abstract]
Rent expense	629,000	$ 389,000
Maximum [Member]
Lease Agreements [Abstract]
Monthly operating lease payments	11,000
Minimum [Member]
Lease Agreements [Abstract]
Monthly operating lease payments	$ 2,900

RELATED PARTY TRANSACTIONS (FY)	12 Months Ended
RELATED PARTY TRANSACTIONS (FY)	Dec. 31, 2021
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 14 – RELATED PARTY TRANSACTIONS The Company incurred software development and information technology related costs to a vendor related to a major stockholder of approximately $408,000 and $512,000 for the twelve months ended December 31, 2021 and 2020, respectively. Amounts due to this related party were $5,000 and $56,000 as of December 31, 2021 and 2020, respectively. There was an amount due from a major stockholder of $77,000 at December 31, 2020, relating to reimbursement of non-business expenses, there was no such amount at December 31, 2021.

WARRANT LIABILITIES (Q2) (Details) - USD ($)
$ / shares in Units, $ in Thousands

6 Months Ended

Jun. 30, 2022

Jun. 14, 2022

Jun. 13, 2022

Dec. 31, 2021

^[1]

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Derivative liability, noncurrent

$ 1,616

$ 0

Fair value gain on warrants

2,900

Estimate of Fair Value Measurement

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Derivative liability, noncurrent

$ 1,600

Redeemable Warrants | Class A common stock

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Warrants outstanding (in shares)

10,000,000

Exercise price of warrants (in dollars per share)

$ 11.50

Warrants and rights outstanding

$ 6,000

$ 10,000

Number of shares issuable per each warrant (in shares)

Private Placement Warrant

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Warrants outstanding (in shares)

6,000,000

Exercise price of warrants (in dollars per share)

$ 11.50

[1]	Derived from audited consolidated financial statements

FAIR VALUE MEASUREMENTS (Q2) (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule Of Fair Value, Liabilities Measured on Recurring Basis

The balances of the Company’s liabilities measured at fair value on a recurring basis as of June 30, 2022, are as follows (in thousands):

	Level 1	Level 2	Level 3	Total Fair Value
Liabilities:
Senior secured convertible note	$—	$—	$9,843	$9,843
Private warrants	—	606	—	606
Public warrants	1,010	—	—	1,010
	$1,010	$606	$9,843	$11,459

Schedule of Changes in Fair Value

Warrants
Balance, January 1, 2022			$—
Assumed in business combination			4,496
Change in fair value			(2,880)
Balance, June 30, 2022			$1,616
Changes in fair value included in earnings for the period relating to liabilities held at June 30, 2022			$(2,880)

Senior Secured Convertible Note
Balance, January 1, 2022			$—
Issued in business combination			11,000
Valuation adjustment at business combination			(1,146)
Change in fair value			(11)
Balance, June 30, 2022			$9,843
Changes in fair value included in earnings for the period relating to liabilities held at June 30, 2022			$(11)

DESCRIPTION OF BUSINESS (FY)	12 Months Ended
DESCRIPTION OF BUSINESS (FY)	Dec. 31, 2021
DESCRIPTION OF BUSINESS [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1 – DESCRIPTION OF BUSINESS SpringBig, Inc., and its wholly-owned subsidiaries (the “Company” or “we” or “us” or “SpringBig”) developed an application that provides marketing and customer engagement services to cannabis dispensaries and brands throughout the United States and Canada. The Company allows merchants to provide loyalty plans and rewards directly to consumers through an internet portal and mobile applications. Our operational headquarter is in Boca Raton, Florida, with additional offices located in the United States and Canada. The Company was incorporated in the state of Delaware in May 2017. In January 2021, the Company formed Medici Canada LLC, a wholly owned subsidiary of the Company, to acquire all of the issued and outstanding capital stock of Beaches Development Group LTD, an Ontario corporation, pursuant to a stock purchase agreement. See Note 6, “Business Combination.” On November 9, 2021, the Company and Tuatara Capital Acquisition Corp. (“TCAC”) jointly announced that they have entered into a definitive agreement for a business combination that would result in SpringBig becoming a publicly listed company. Upon closing of the transaction, the combined company is expected to remain listed on the Nasdaq Stock Market under the symbol “SBIG”.

CONVERTIBLE NOTE RECEIVABLE (Q2)	6 Months Ended
CONVERTIBLE NOTE RECEIVABLE (Q2)	Jun. 30, 2022
ACCOUNTS RECEIVABLE [Abstract]
CONVERTIBLE NOTE RECEIVABLE	NOTE 6 – CONVERTIBLE NOTE RECEIVABLE In April 2022, the Company purchased $250,000 in aggregate principal amount of convertible promissory note due April 1, 2026 (the “Convertible Note Receivable”). The Convertible Note Receivable accrues interest at the rate of 5% per annum on the principal amount of the Convertible Note Receivable. The issuer may not prepay the note prior to its maturity date without the consent of the Company. The Convertible Note Receivable is convertible, and the conversion price is based on the occurrence of certain actions by the issuer.

BENEFIT PLAN (Q2)	6 Months Ended	12 Months Ended
BENEFIT PLAN (Q2)	Jun. 30, 2022	Dec. 31, 2021
Postemployment Benefits [Abstract]
BENEFIT PLAN	NOTE 18 – BENEFIT PLAN The Company maintains a safe harbor 401(k) retirement plan for the benefit of its employees. The plan allows participants to make contributions subject to certain limitations. Company matching contributions were $68,000 and $54,000 for the three months ended June 30, 2022 and 2021, respectively, and $117,000 and $106,000 for the six months ended June 30, 2022 and 2021, respectively.	NOTE 12 – BENEFIT PLAN The Company maintains a safe harbor 401(k) retirement plan for the benefit of its employees. The plan allows participants to make contributions subject to certain limitations. Company matching contributions were $239,000 and $154,000 for the twelve months ended December 31, 2021 and 2020, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (FY) (Details)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2022

USD ($)

Jun. 30, 2021

USD ($)

Jun. 30, 2022

USD ($)

Jun. 30, 2021

USD ($)

Dec. 31, 2021

USD ($)

Segment

Customer

Bank

Subsequent

PerformanceObligation

Dec. 31, 2020

USD ($)

Customer

Feb. 25, 2022

USD ($)

Shareholder

Going Concern and Liquidity [Abstract]

Accumulated deficit

$ (18,701,000)

$ (13,225,000)

^[1]

$ (7,475,000)

Cash flows used in operating activities

(2,464,000)

$ (1,301,000)

(4,952,000)

$ (2,452,000)

(7,884,000)

(1,006,000)

Working capital

3,900,000

Cash and cash equivalents

14,179,000

$ 2,227,000

^[1]

$ 10,447,000

Number of shareholders | Shareholder

Convertible notes, aggregate principal

$ 7,000,000.0

Segments [Abstract]

Number of operating segments | Segment

Number of reportable segments | Segment

Concentrations of Credit Risk [Abstract]

Number of customers | Customer

Cash and Cash Equivalents [Abstract]

Number of commercial banks | Bank

Federally insured limits

$ 250,000

Cash balances in excess of FDIC insured limits

$ 13,900,000

$ 1,900,000

$ 10,000,000.0

Contract Assets (Deferred Commission) [Abstract]

Useful life of contract assets

3 years

Term of contract

1 year

Number of contract renewals | Subsequent

Capitalized Software Development Costs [Abstract]

Useful life

3 years

Impairment of Long-Lived Assets [Abstract]

Impairment loss

$ 0

Intangible Assets [Abstract]

Intangible assets, useful life

3 years

Revenue Recognition [Abstract]

Term of contract

1 year

Number of performance obligations | PerformanceObligation

Selling, Servicing and Marketing Expenses [Abstract]

Advertising expense

$ 96,000

22,000

Income Taxes [Abstract]

Uncertain tax positions

$ 0

Retail Customers [Member]

Contract Assets (Deferred Commission) [Abstract]

Term of contract

1 year

Revenue Recognition [Abstract]

Term of contract

1 year

Percentage of initial start-up fees

8.30%

Minimum [Member] | Brand Customers [Member]

Revenue Recognition [Abstract]

Credit utilization period

6 months

Prepaid contract term

6 months

Maximum [Member] | Brand Customers [Member]

Revenue Recognition [Abstract]

Credit utilization period

12 months

Prepaid contract term

12 months

Software [Member]

Capitalized Software Development Costs [Abstract]

Useful life

3 years

Customer [Member] | Revenue [Member] | Customer [Member]

Concentrations of Credit Risk [Abstract]

Concentration risk, percentage

11.00%

Customer [Member] | Accounts Receivable [Member] | Customer [Member]

Concentrations of Credit Risk [Abstract]

Concentration risk, percentage

28.00%

[1]	Derived from audited consolidated financial statements

ACCOUNTS RECEIVABLE (FY) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

ACCOUNTS RECEIVABLE [Abstract]

Accounts Receivable, Net

Accounts receivable, net consisted of the following (in thousands):

	June 30, 2022	December 31, 2021
Accounts receivable	$3,242	$2,533
Unbilled receivables	784	809
	4,026	3,342
Less allowance for doubtful accounts	(429)	(297)
Accounts receivable, net	$3,597	$3,045

Accounts receivable, net consisted of the following as of:

	December 31,
	2021	2020
Accounts receivable	$2,533	$1,027
Unbilled receivables	809	264
	3,342	1,291
Less allowance for doubtful accounts	(297)	(150)
Accounts receivable, net	$3,045	$1,141

NET LOSS PER SHARE (FY) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Jun. 14, 2022
Common Stock Number of Shares Issued and Outstanding [Abstract]
Common stock, shares issued (in shares)	25,290,270	17,767,555	25,290,270	17,767,555	17,862,108	13,200,875	25,290,270
Common stock, shares outstanding (in shares)	25,290,270	17,767,555	25,290,270	17,767,555	17,862,108	13,200,875	25,290,270
Numerator [Abstract]
Net loss	$ (2,611)	$ (1,454)	$ (5,476)	$ (2,572)	$ (5,750)	$ (1,598)
Denominator [Abstract]
Weighted-average common shares outstanding - basic (in shares)	19,285,050	17,767,554	18,586,515	17,749,178	13,385,267	14,047,342
Weighted-average common shares outstanding - diluted (in shares)	19,285,050	17,767,554	18,586,515	17,749,178	13,385,267	14,047,342
Basic loss per common share (in dollars per share)	$ (0.14)	$ (0.08)	$ (0.29)	$ (0.14)	$ (0.43)	$ (0.11)
Diluted loss per common share (in dollars per share)	$ (0.14)	$ (0.08)	$ (0.29)	$ (0.14)	$ (0.43)	$ (0.11)
Shares Vested [Member]
Anti-Dilutive Securities [Abstract]
Anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share (in shares)					4,628,311	3,838,429
Shares Unvested [Member]
Anti-Dilutive Securities [Abstract]
Anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share (in shares)					2,174,126	2,202,614
Previously Reported [Member]
Common Stock Number of Shares Issued and Outstanding [Abstract]
Common stock, shares issued (in shares)					13,541,324
Common stock, shares outstanding (in shares)					13,541,324
Series A Preferred Stock [Member]
Anti-Dilutive Securities [Abstract]
Anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share (in shares)					5,088,944	5,088,944
Series B Preferred Stock [Member]
Anti-Dilutive Securities [Abstract]
Anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share (in shares)					4,584,202	4,584,202
Series Seed Preferred Stock [Member]
Anti-Dilutive Securities [Abstract]
Anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share (in shares)					6,911,715	6,911,715

NET LOSS PER SHARE (Q2)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

NET LOSS PER SHARE [Abstract]

NET LOSS PER SHARE

NOTE 17 – NET LOSS PER SHARE

Given the consummation of the business combination, ASC 805, Business Combination states that the equity structure for the prior period of Legacy SpringBig (the accounting acquirer) is restated using the exchange ratio established in the acquisition agreement to reflect the number of shares of the accounting acquiree issued in the business combination.

As of June 30, 2022 and 2021, there were 25,290,270 and 17,767,555 shares of common stock issued and outstanding, respectively.

The following table reconciles actual basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021, respectively (in thousands, except share and per share data).

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Loss per share:
Numerator:
Net loss	$(2,611)	$(1,454)	$(5,476)	$(2,572)
Denominator
Weighted-average common shares outstanding
Basic and diluted	19,285,050	17,767,554	18,586,515	17,749,178
Net loss per common share
Basic	$(0.14)	$(0.08)	$(0.29)	$(0.14)

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share for the three and six months ended June 30, 2022 were as follows:

	2022	2021
Shares unvested and subject to exercise of stock options	192,689	4,154,898
Shares subject to outstanding common stock options	3,486,482	2,515,944
Shares subject to convertible notes stock conversion	916,667	—
Shares subject to warrants stock conversion	16,000,000	—

NOTE 11 - NET LOSS PER SHARE

As of December 31, 2021 and 2020, there were 13,541,324 and 13,200,875 shares of common stock issued and outstanding, respectively.

Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock, including outstanding stock options and common stock issuable pursuant to Series B, A and Seed preferred stock possible conversion. Basic and diluted net loss per share was the same for each period presented, given that there are losses during the period, the inclusion of all potential common shares outstanding would have been anti-dilutive.

The following table reconciles actual basic and diluted earnings per share for the year ended December 31, 2021 and 2020.

	December 31
	2021	2020
Loss per share:
Numerator:
Net loss	$(5,750)	$(1,598)

Denominator
Weighted-average common shares outstanding - basic and diluted	13,385,267	14,047,342
	________	________
Basic and diluted loss per common share	$(0.43)	$(0.11)

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share were as follows:

	December 31
	2021	2020
Shares subject to Series A Preferred Stock Conversion	5,088,944	5,088,944
Shares subject to Series B Preferred Stock Conversion	4,584,202	4,584,202
Shares subject to Seed Preferred Stock Conversion	6,911,715	6,911,715
Shares vested and subject to exercise of stock options	4,628,311	3,838,429
Shares unvested and subject to exercise of stock options	2,174,126	2,202,614

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2022
Cover [Abstract]
Document Type	S-1/A
Amendment Flag	false
Entity Registrant Name	SpringBig Holdings, Inc.
Entity Central Index Key	0001801602
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false

DESCRIPTION OF BUSINESS (Q2)	6 Months Ended
DESCRIPTION OF BUSINESS (Q2)	Jun. 30, 2022
DESCRIPTION OF BUSINESS [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1 – DESCRIPTION OF BUSINESS SpringBig Holdings, Inc. and its wholly-owned subsidiaries (the “Company,” “we,” “us,” or “SpringBig”) developed a software platform that provides marketing and customer engagement services to cannabis dispensaries and brands throughout the United States and Canada. The Company allows merchants to provide loyalty plans and rewards directly to consumers through an internet portal and mobile applications. Our operational headquarters are in Boca Raton, Florida, with additional offices located in the United States and Canada. The Company has one direct wholly-owned subsidiary, SpringBig, Inc. On June 14, 2022 (the “Closing Date”), SpringBig Holdings, Inc. (formerly known as Tuatara Capital Acquisition Corporation (“Tuatara” or “TCAC”)), consummated the previously announced business combination of SpringBig, Inc. (“Legacy SpringBig”) and HighJump Merger Sub, Inc., the wholly-owned subsidiary of Tuatara, pursuant to the Amended and Restated Agreement of Plan Merger, dated as of April 14, 2022, as amended, by and among Tuatara, HighJump Merger Sub, Inc. and Legacy SpringBig. Prior to the closing of the business combination (the “Closing”), Tuatara changed its jurisdiction of incorporation by deregistering as a Cayman Islands exempted company and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware. In connection with the Closing, the registrant changed its name from Tuatara Capital Acquisition Corporation to “SpringBig Holdings, Inc.” SpringBig will continue the existing business operations of Legacy SpringBig as a publicly traded company. See Note 8, Business Combination, to these consolidated financial statements for further information. While the legal acquirer in the business combination is SpringBig for financial accounting and reporting purposes under U.S. GAAP, Legacy SpringBig is the accounting acquirer, with the merger accounted for as a “reverse recapitalization.” A reverse recapitalization does not result in a new basis of accounting, and the financial statements of the combined entity represent the continuation of the financial statements of Legacy SpringBig. Under this accounting method, SpringBig is treated as the “acquired” company and Legacy SpringBig is the accounting acquirer, with the transaction treated as a recapitalization of Legacy SpringBig. SpringBig’s assets, liabilities and results of operations were consolidated with Legacy SpringBig’s beginning on the date of the business combination. Except for certain warrant liabilities, the assets and liabilities of SpringBig were recognized at historical cost (which is consistent with carrying value) and were not material, with no goodwill or other intangible assets recorded. The warrant liabilities, which are discussed in Note 11, Warrant Liabilities, were recorded at fair value. The consolidated assets, liabilities, and results of operations of Legacy SpringBig became the historical financial statements, and operations prior to the closing of the business combination presented for comparative purposes are those of Legacy SpringBig. Pre-merger shares of common stock and preferred stock of Legacy SpringBig were converted to shares of common stock of the combined company using the conversion ratio of 0.59289 and for comparative purposes, the shares and net loss per share of Legacy SpringBig prior to the merger have been retroactively restated using the conversion ratio. Beginning June 15, 2022, the ticker symbols for the Company’s common stock and publicly-traded warrants were changed to “SBIG” and “SBIGW,” respectively, and commenced trading on The Nasdaq Global Market. The Company received net proceeds of $18.8 million, with gross proceeds of $25.1 million, which were in addition to the $7.0 million in Convertible Notes proceeds, which were received in February 2022 in connection with Legacy SpringBig’s issuance of such notes (and which Convertible Notes and the interest due thereon were converted into common stock in connection with the business combination. See Note 9, 15% Convertible Promissory Notes, to these consolidated financial statements). Of the amount received at the Closing, approximately $8.8 million represented cash from the TCAC trust related to unredeemed shares; $6.1 million represented proceeds from the subscription for common stock from certain investors (the “PIPE Financing”), and $10.0 million from the Secured Convertible Note (defined below). The Company incurred additional cash and non cash expenses totaling $8.6 million, resulting in net business combination proceeds of $10.2 million. Common Stock Purchase Agreement On April 29, 2022, the Company entered into a Common Stock Purchase Agreement (as amended, the “Stock Purchase Agreement”) with CF Principal Investments LLC (“Cantor”), an affiliate of Cantor Fitzgerald L.P. The Company, in its sole discretion, shall have the right, but not the obligation, to issue and sell to the Cantor, and Cantor shall purchase from the Company, up to $50.0 million of common shares, par value $0.0001 per share, subject to certain terms and conditions (the “Facility”).

COMMITMENTS AND CONTINGENCIES (FY)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 14 – COMMITMENTS AND CONTINGENCIES

Lease Agreements

Employment Agreements

Litigation

NOTE 9 – COMMITMENTS AND CONTINGENCIES

Leases Agreements

Rent expense included in general and administrative expenses was approximately $629,000 and $389,000 for the year ended December 31, 2021 and 2020, respectively.

Future minimum payments under operating leases for each of the three succeeding years subsequent to December 31, 2021 are as follows (in thousands):

December 31			Amount
2022			$471
2023			363
2024			264
			$1,098

Litigation

The Company is from time to time involved in litigation incidental to the conduct of its business. In accordance with applicable accounting guidance, the Company records a provision for a liability when it is both probable that a liability has been incurred and the amount can be reasonably estimated. In the opinion of management, after consulting legal counsel, the Company has meritorious defenses to all pending litigation and proceedings. There are no such provisions on December 31, 2021 and 2020, respectively.

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Q2) (Tables)

6 Months Ended

Jun. 30, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

	June 30, 2022	December 31, 2021
Prepaid insurance	$1,865	$ 15
Other prepaid expenses	788	912
Deposits	89	—
	$2,742	$927

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Q2) - USD ($)
$ in Thousands

Total

Common Stock

Additional Paid-in- Capital

Accumulated Deficit

Beginning balance at Dec. 31, 2019

$ 2,701

$ 15

$ 8,551

$ (5,877)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock-based compensation/exercise of stock options (in shares)

33,000

Exercise of stock options

$ 0

Issue of common stock (in shares)

Issue of common stock

11,500

$ 0

11,495

Net loss

$ (1,598)

$ 0

(1,598)

Ending balance (in shares) at Dec. 31, 2020

13,200,875

17,660,258

Ending balance at Dec. 31, 2020

$ 9,526

$ 2

16,999

(7,475)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock-based compensation/exercise of stock options (in shares)

67,535

Stock-based compensation

237

Issue of common stock (in shares)

39,762

Issue of common stock

Net loss

$ (2,572)

(2,572)

Ending balance (in shares) at Jun. 30, 2021

17,767,555

Ending balance at Jun. 30, 2021

$ 7,241

$ 2

17,286

(10,047)

Beginning balance (in shares) at Dec. 31, 2020

13,200,875

17,660,258

Beginning balance at Dec. 31, 2020

$ 9,526

$ 2

16,999

(7,475)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock-based compensation/exercise of stock options (in shares)

160,000

Exercise of stock options

$ 0

Issue of common stock (in shares)

67,000

Issue of common stock

$ 0

Net loss

$ (5,750)

$ 0

(5,750)

Ending balance (in shares) at Dec. 31, 2021

17,862,108

Ending balance at Dec. 31, 2021

$ 4,459

^[1]

$ 2

17,682

^[1]

(13,225)

^[1]

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock-based compensation/exercise of stock options (in shares)

334,418

Stock-based compensation

1,226

Exercise of stock options

Recapitalization (in shares)

7,093,744

Recapitalization

2,836

$ 1

2,835

Net loss

$ (5,476)

(5,476)

Ending balance (in shares) at Jun. 30, 2022

25,290,270

Ending balance at Jun. 30, 2022

$ 3,127

Beginning balance (in shares) at Mar. 31, 2022

25,290,270

Beginning balance at Mar. 31, 2022

$ 3

$ 21,825

$ (18,701)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net loss

$ (2,611)

Ending balance (in shares) at Jun. 30, 2022

25,290,270

Ending balance at Jun. 30, 2022

$ 3,127

[1]	Derived from audited consolidated financial statements

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Q2)

6 Months Ended

Jun. 30, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

REPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 4 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the following (in thousands):

	June 30, 2022	December 31, 2021
Prepaid insurance	$1,865	$ 15
Other prepaid expenses	788	912
Deposits	89	—
	$2,742	$927

REVENUE RECOGNITION - Movement in Contract Liabilities (Q2) (Details) - USD ($)
$ in Thousands

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

The movement in the contract liabilities during each period comprised the following:

Contract liabilities at start of the period

$ 450

^[1]

$ 560

Amounts invoiced during the period

8,988

13,512

Less revenue recognized during the period

(9,011)

(13,622)

Contract liabilities at end of the period

$ 427

$ 450

^[1]

[1]	Derived from audited consolidated financial statements

CONSOLIDATED BALANCE SHEETS (FY) - USD ($)
$ in Thousands

Dec. 31, 2021

Dec. 31, 2020

Current assets:

Cash and cash equivalents

$ 2,227

^[1]

$ 10,447

Accounts receivable, net

3,045

^[1]

1,141

Related party receivable

Contract assets

364

266

Prepaid expenses and other current assets

843

123

Total current assets

6,563

^[1]

12,054

Property and equipment, net

480

^[1]

205

Deposits

Total assets

7,043

^[1]

12,323

Current liabilities:

Accounts payable

412

^[1]

861

Related party payable

Accrued wages and commissions

805

360

Accrued expenses

855

140

Other liabilities

PPP loan payable, current portion

521

Contract liabilities

450

^[1]

560

Total current liabilities

2,584

^[1]

2,537

PPP loan payable, net of current portion

260

Total liabilities

2,584

^[1]

2,797

Commitments and Contingencies

^[1]

Stockholders' Equity:

Common stock (par value $0.001 per shares, 38,395,870 authorized at December 31, 2021 and 2020; 13,541,324 and 13,200,875 issued and outstanding as of December 31, 2021 and 2020)

Additional paid-in capital

17,653

16,970

Accumulated deficit

(13,225)

^[1]

(7,475)

Total stockholders' equity

4,459

^[1]

9,526

Total liabilities and stockholders' equity

7,043

^[1]

12,323

Previously Reported [Member]

Current assets:

Total current assets

6,479

Series B Preferred [Member]

Stockholders' Equity:

Preferred stock

Series A Preferred [Member]

Stockholders' Equity:

Preferred stock

Series Seed Preferred Stock [Member]

Stockholders' Equity:

Preferred stock

$ 7

[1]	Derived from audited consolidated financial statements

ACCRUED EXPENSES AND OTHER LIABILITIES (Q2)

6 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

NOTE 7 – ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other current liabilities consisted of the following (in thousands):

	June 30, 2022	December 31, 2021
Accrued wages, commission and bonus	$611	$805
Accrued expenses	1,390	855
Other liabilities	1,015	57

Related party payable	2	5
	$3,018	$1,722

The Company incurred software development and information technology related costs to a vendor related to a major stockholder of approximately $36,000 and $93,000 for the three and six months ended June 30, 2022, respectively, with $187,000 and $257,000 for the three and six months ended June 30, 2021, respectively. The amount is included in data warehouse under property and equipment.

BUSINESS COMBINATION - Schedule Of Share Transactions In Reverse Recapitalization (Q2) (Details) - shares	Jun. 14, 2022	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Schedule Of Reverse Recapitalization [Line Items]
Common stock, shares, outstanding (in shares)	25,290,270	25,290,270	17,862,108	17,767,555	13,200,875
Common stock, shares, issued (in shares)	25,290,270	25,290,270	17,862,108	17,767,555	13,200,875
TCAC non-redeeming shareholders
Schedule Of Reverse Recapitalization [Line Items]
Issue of common stock (in shares)	1,752,388
PIPE Investors
Schedule Of Reverse Recapitalization [Line Items]
Issue of common stock (in shares)	1,341,356
TCAC sponsor shareholders
Schedule Of Reverse Recapitalization [Line Items]
Issue of common stock (in shares)	4,000,000
Legacy SpringBig shareholders
Schedule Of Reverse Recapitalization [Line Items]
Issue of common stock (in shares)	18,196,526
Common stock, shares, outstanding (in shares)	8,362,935
Common stock, shares, issued (in shares)	8,362,935

ACCOUNTS RECEIVABLE - Narratives (Q2) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
ACCOUNTS RECEIVABLE [Abstract]
Bad debt expense	$ 181,000	$ 30,000	$ 214,000	$ 60,000	$ 216,000	$ 297,000

PROPERTY AND EQUIPMENT - Narratives (Q2) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
PROPERTY AND EQUIPMENT [Abstract]
Property and equipment, useful life			3 years
Depreciation and amortization	$ 64	$ 6	$ 123	$ 12	$ 173	$ 19

ACCRUED EXPENSES AND OTHER LIABILITIES - Narratives (Q2) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Related party costs					$ 408,000	$ 512,000
Software Development And Information Technology Related Costs \| Majority Shareholder
Related Party Transaction [Line Items]
Related party costs	$ 36,000	$ 187,000	$ 93,000	$ 257,000

- Definition

Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold.

+ References

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+ Details

RELATED PARTY TRANSACTIONS (FY) (Details) - USD ($)	12 Months Ended
RELATED PARTY TRANSACTIONS (FY) (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
RELATED PARTY TRANSACTIONS [Abstract]
Software development and information technology costs	$ 408,000	$ 512,000
Amount due to related party	5,000	56,000
Amount due from major stockholder	$ 0	$ 77,000

- Definition

For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.

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- Definition

Carrying amount as of the balance sheet date of obligations due all related parties.

+ References

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Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold.

+ References

+ Details

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (FY) - USD ($)
$ in Thousands

Preferred Stock [Member]

Series B Preferred [Member]

Preferred Stock [Member]

Series A Preferred [Member]

Preferred Stock [Member]

Series Seed Preferred Stock [Member]

Common Stock [Member]

Previously Reported [Member]

Additional Paid-in Capital [Member]

Previously Reported [Member]

Accumulated Deficit [Member]

Total

Beginning balance at Dec. 31, 2019

$ 0

$ 5

$ 7

$ 15

$ 8,551

$ (5,877)

$ 2,701

Balance (in shares) at Dec. 31, 2019

5,089,000

6,912,000

14,614,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock-based compensation

$ 0

179

Stock-based compensation (in shares)

Exercise of stock options

$ 0

Exercise of stock options (in shares)

33,000

Redemption of common stock

$ 0

$ (1)

(3,267)

(3,268)

Redemption of common stock (in shares)

(1,447,000)

Issuance of stock

$ 5

$ 0

11,495

11,500

Issuance of stock (in shares)

4,584,000

Net loss

$ 0

(1,598)

Ending balance at Dec. 31, 2020

$ 5

$ 7

$ 2

$ 14

16,999

$ 16,970

(7,475)

9,526

Balance (in shares) at Dec. 31, 2020

4,584,000

5,089,000

6,912,000

13,200,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Exercise of stock options (in shares)

67,535

Issuance of stock

Issuance of stock (in shares)

39,762

Net loss

(2,572)

Ending balance at Jun. 30, 2021

$ 2

17,286

(10,047)

7,241

Beginning balance at Dec. 31, 2020

$ 5

$ 7

$ 2

16,999

16,970

(7,475)

9,526

Balance (in shares) at Dec. 31, 2020

4,584,000

5,089,000

6,912,000

13,200,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock-based compensation

$ 0

595

Stock-based compensation (in shares)

114,000

Exercise of stock options

$ 0

Exercise of stock options (in shares)

160,000

Issuance of stock

$ 0

Issuance of stock (in shares)

67,000

Net loss

$ 0

(5,750)

Ending balance at Dec. 31, 2021

$ 5

$ 7

$ 2

$ 14

17,682

^[1]

$ 17,653

(13,225)

^[1]

4,459

^[1]

Balance (in shares) at Dec. 31, 2021

4,584,000

5,089,000

6,912,000

13,541,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Exercise of stock options

Exercise of stock options (in shares)

334,418

Net loss

(5,476)

Ending balance at Jun. 30, 2022

3,127

Beginning balance at Mar. 31, 2022

$ 3

$ 21,825

$ (18,701)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net loss

(2,611)

Ending balance at Jun. 30, 2022

$ 3,127

[1]	Derived from audited consolidated financial statements

SUBSEQUENT EVENTS (FY)	6 Months Ended	12 Months Ended
SUBSEQUENT EVENTS (FY)	Jun. 30, 2022	Dec. 31, 2021
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	NOTE 20 – SUBSEQUENT EVENTS Management has considered subsequent events through August 18, 2022, the date this report was issued, and there were no events that required additional disclosure.	NOTE 15 – SUBSEQUENT EVENTS Management has considered subsequent events through March 17, 2022, the date this report was available to be issued. On February 25, 2022 the Company entered into Convertible Notes with two existing shareholders (“the Note Holders”) in aggregate for a principal sum of $7.0 million. On the closing of the proposed business combination of the Company and TCAC as contemplated in the definitive agreement executed on November 8, 2021, the outstanding principal balance of the Convertible Notes become due and payable and will be satisfied by the issuance to the Note Holders of common shares of the surviving company issuable under an agreement entered into between each of the Note holders and TCAC on November 8, 2021. In the event the proposed business combination does not close by September 30, 2022 the outstanding principal will be converted into Series B Preferred Stock of the Company.

REVENUE RECOGNITION (FY) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

REVENUE RECOGNITION [Abstract]

Disaggregation of Revenue

The following table represents our revenues disaggregated by type (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Revenue
Brand revenue	$248	$152	$438	$284
Retail revenue	6,336	5,652	12,510	10,729
Total Revenue	$6,584	$5,804	$12,948	$11,013

Revenue by geographical region consist of the following (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Retail revenue
United States	$6,159	$5,652	$12,112	$10,718
Canada	177	—	398	11
Brand revenue
United States	248	152	438	284
	$6,584	$5,804	$12,948	$11,013

The following table represents our revenues disaggregated by type (in thousands):

	December 31
	2021	2020
Revenue
Brand revenue	$654	$241
Retail revenue	23,370	14,942
Total Revenue	$24,024	$15,183

Revenue by geographical region consist of the following (in thousands):

	December 31
	2021	2020
Retail revenue
United States	$23,180	$14,942
Canada	190	—
Brand revenue
United States	654	241
	$24,024	$15,183

Contract Asset and Contract Liability

Contract assets consisted of the following as of (in thousands):

	June 30, 2022	December 31, 2021
Contract assets consisted of the following as of:
Deferred sales commissions	$324	$364

Contract liabilities consisted of the following as of (in thousands):

	June 30, 2022	December 31, 2021
Contract liabilities consisted of the following as of:
Deferred revenue retail	$256	$231
Deferred set-up revenues	91	101
Deferred brands	80	118
Contract liabilities	$427	$450

The movement in the contract liabilities during the six months ended June 30, 2022 and the year ended December 31, 2021, comprised the following (in thousands):

	June 30, 2022	December 31, 2021
The movement in the contract liabilities during each period comprised the following:
Contract liabilities at start of the period	$450	$560
Amounts invoiced during the period	8,988	13,512
Less revenue recognized during the period	(9,011)	(13,622)
Contract liabilities at end of the period	$427	$450

Contract assets consisted of the following as of:

	December 31
	2021	2020
Deferred sales commissions	$364	$266

Contract liabilities consisted of the following as of:

	December 31
	2021	2020
Deferred revenue retail	$231	$468
Deferred set-up revenues	101	92
Deferred brands	118	—
Contract liabilities	$450	$560

Movement in the Contract Liabilities

The movement in the contract liabilities during each year comprised the following:

	December 31
	2021	2020
Contract liabilities at start of the year	$560	$323
Amounts invoiced during the year	13,512	8,970
Less revenue recognized during the year	(13,622)	(8,733)
Contract liabilities at end of the year	$450	$560

BUSINESS COMBINATION (Q2) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Reverse Recapitalization Business Combination And Asset Acquisition [Abstract]

Schedule of Reverse Recapitalization

The following table provides a summary of the significant sources and uses of cash related to the closing of the business combination on June 14, 2022, (in thousands):

Amount available after paying TCAC redeeming stockholders			$8,771
Proceeds from convertible notes			10,000
Proceeds from PIPE Financing			6,100
TCAC operating account			264
Gross proceeds available at closing			25,135
Expenses paid at closing			(6,346)
Net cash to Legacy SpringBig at closing			$18,789
Post closing expense (cash paid or accrued for expenses by Legacy SpringBig)			(8,604)
Net cash after closing			$10,185

The following table provides a reconciliation of the common shares related to the business combination transaction:

TCAC non-redeeming shareholders			1,752,388
PIPE Investors			1,341,356
TCAC sponsor shareholders			4,000,000
Legacy SpringBig shareholders			18,196,526
Issued and outstanding			25,290,270

Schedule of Purchase Price Allocation

The purchase price allocation is as follows (in thousands):

			June 30, 2021
Fair value of shares			$135
Less: Post combination cost - restricted shares			(85)
Fair value of net shares			50
Cash consideration			132
Indemnity holdback			23
Fair value of purchase consideration			$205

Assets assumed			$9
Goodwill			—
Intangibles (Software)			196
Fair value of assets			$205

The purchase price allocation is as follows (in thousands):

			December 31, 2021
Fair value of shares			$135
Less: Post combination cost - restricted stocks			(85)
Fair value of net shares			50
Cash consideration			132
Indemnity holdback			23
Fair value of purchase consideration			205
Cash			$9
Goodwill			—
Intangibles (Software)			196
Fair value of assets			$205

STOCK BASED COMPENSATION (Q2)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

STOCK BASED COMPENSATION [Abstract]

STOCK BASED COMPENSATION

NOTE 13 – STOCK BASED COMPENSATION

At the Special Meeting, in connection with the business combination, the Tuatara shareholders approved the SpringBig Holdings, Inc. 2022 Long-Term Incentive Plan (the “2022 Incentive Plan”), which became effective upon the Closing. The purpose of the 2022 Incentive Plan is to secure and retain the services of employees, directors and consultants, to provide incentives for such persons to exert maximum efforts for our success and to provide a means by which such persons may be given an opportunity to benefit from increases in value of the common stock through

the granting of awards thereunder. We believe that the equity-based awards to be issued under the 2022 Incentive Plan will motivate award recipients to offer their maximum effort to us and help them focus on the creation of long-term value consistent with the interests of our shareholders. We believe that grants of incentive awards are necessary to enable us to attract and retain top talent.

The number of shares of our common stock initially reserved for issuance under the 2022 Incentive Plan was 1,525,175, which equaled the amount of shares of our common stock equal to 5% of the sum of (i) the number of shares of our common stock outstanding as of the Closing and (ii) the number of shares of our common stock underlying stock options issued under the SpringBig, Inc. 2017 Equity Incentive Plan (as amended and restated) (the “Legacy Incentive Plan”) that were outstanding as of the Closing. Shares subject to stock awards granted under the 2022 Incentive Plan that expire or terminate without being exercised in full, or that are paid out in cash rather than in shares, will not reduce the number of shares available for issuance under the 2022 Incentive Plan.

Prior to the closing of the merger, Legacy SpringBig maintained an equity incentive plan (the “Legacy Incentive Plan”), which was originally established effective December 1, 2017. The Legacy Incentive Plan permitted the grant of incentive stock options, non-qualified stock options, restricted stock awards, and restricted stock unit awards to Legacy SpringBig and its affiliates’ employees, consultants and directors. SpringBig will not grant any additional awards under the Legacy Incentive Plan following the business combination.

During the three months ended June 30, 2022 and 2021, compensation expense recorded in connection with the Legacy Incentive Plan was $1.0 million and $119,000, respectively and $1.2 million and $237,000 for the six months ended June 30, 2022 and 2021, these are included in administrative expense on the statements of operations.

The following table summarizes information on stock options outstanding as of June 30, 2022 and 2021 under the Legacy Incentive Plan:

	Options Outstanding		Options Vested and Exercisable
Fixed Options	Number of Options	Weighted Average Exercise Price (Per Share)	Number of Options	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price (Per Share)
Outstanding Balance, January 1, 2022	6,802,437	$0.38	4,628,311	6.79	$0.24
Options granted	—
Options exercised	(530,666)	$0.55
Options forfeited	(61,460)	$0.75
Options cancelled	(4,791)	$0.75
Outstanding Balance, June 30, 2022	6,205,520
Conversion ratio	0.5929
SpringBig Holdings options	3,679,171	0.58	3,486,482	—	—

The intrinsic value of the options exercised during the six months ended June 30, 2022 was $3.3 million, no option was exercised during the same period for 2021.

With the consummation of the business combination, all outstanding options were vested with the exception of 192,689 options granted to certain executives of the Company. The cost associated with the early vesting was $924,000 and is included in administrative expense on the statement of operations.

The remaining unamortized expenses associated with the unvested options is $173,000 and will be expensed with the next 3 years.

During the six months ended June 30, 2022 and 2021, the Company used the Black-Scholes option-pricing model to value option grants and to determine the related compensation expense. The assumptions used in calculating the fair value of stock-based payment awards represent management’s best estimations. The Company based its expected volatility based on the volatilities of certain publicly traded peer companies.

forfeitures of stock options. In developing a forfeiture rate estimate, the Company considered its historical experience. If the actual number of forfeitures differs from those estimated by management, additional adjustments to compensation expense may be required in future periods.

NOTE 8 – STOCK BASED COMPENSATION

The Company’s 2017 Equity Incentive Plan (the “Plan”) authorizes the granting of common stock options and other rewards, at the discretion of the Company’s Board of Directors, to certain employees. Under the Plan, the exercise price of each option approximates the fair value of the option on the grant date, and an option’s maximum term is ten years. Options are granted at various dates and typically vest over four years. The Plan has an aggregate of 7,195,584 shares of common stock authorized for issuance thereunder, subject to adjustments as provided therein.

During the twelve months ended December 31, 2021 and 2020, compensation expense were recorded in connection with the Plan was $595,000 and $179,000, respectively and is included in administrative expense on the statements of operations.

The following table summarizes information on stock options outstanding as of December 31, 2021 and 2020:

	Options Outstanding		Options Vested and Exercisable
Fixed Options	Number of Options	Weighted Average Exercise Price (Per Share)	Number of Options	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price (Per Share)
Outstanding Balance, January 1, 2020	4,597,500	$0.19	2,970,724	8.48	$0.17
Options granted	1,575,000	$0.68
Options exercised	(33,436)	$0.37
Options forfeited	(56,668)	$0.33
Options cancelled	(41,353)	$0.39
Outstanding Balance, December 31, 2020	6,041,043	$0.31	3,838,429	7.62	$0.19

Options granted	1,173,500	$ 0.75
Options exercised	(159,477)	$0.24
Options forfeited	(237,528)	$0.66
Options cancelled	(15,101)	$0.54
Outstanding Balance, December 31, 2021	6,802,437	$0.38	4,628,311	6.79	$ 0.24

The intrinsic value of the options exercised during the twelve months ended December 31, 2021 and 2020 was $81,000 and $13,000, respectively.

The following table summarizes the aggregate intrinsic value as of December 31, 2021 and 2020:

	Options Outstanding		Options Vested and Exercisable
	(In thousands except share data)		(In thousands except share data)
Fixed Options	Number of Options	Aggregate Intrinsic Value	Number of Options	Aggregate Intrinsic Value
January 1, 2020	4,597,500	$1,162	2,970,724	$812
December 31, 2020	6,041,043	$2,649	3,838,429	$2,146
December 31, 2021	6,802,437	$24,761	4,628,311	$18,652

As of December 31, 2021 and 2020, there is approximately $394,000 and $462,000, respectively, of total unrecognized compensation expense related to unvested share-based compensation arrangements granted under the Plan. This remaining cost is to be recognized over the period through 2024.

During the years ended December 31, 2021 and 2020, the Company used the Black-Scholes option-pricing model to value option grants and to determine the related compensation expense. The assumptions used in calculating the fair value of stock-based payment awards represent management’s best estimations. The Company based its expected volatility based on the volatilities of certain publicly traded peer companies.

The Company has adopted ASU 2018-07 which allows a simplified approach to accounting for share-based payments for the years ended December 31, 2021 and 2020.

Management believes that the historical volatility of the Company’s stock price does not best represent the expected volatility of the stock price. The Company is privately held and therefore lacks company-specific historical and implied volatility information. The Company intends to continue to consistently use the same group of publicly traded peer companies to determine volatility in the future until such a time that sufficient information regarding the volatility of the Company’s share price becomes available or that the selected companies are no longer suitable for this purpose.

The risk-free interest rate used for each grant is equal to the U.S. Treasury yield curve in effect at the time of grant for instruments with a similar expected life. The expected term of options granted was determined based on the expected holding period at the time of the grant. GAAP also requires that the Company recognize compensation expense for only the portion of options that are expected to vest. Therefore, the Company has estimated expected forfeitures of stock options. In developing a forfeiture rate estimate, the Company considered its historical experience. If the actual number of forfeitures differs from those estimated by management, additional adjustments to compensation expense may be required in future periods.

The following table provides the weighted average assumptions used in determining the fair value of the stock-based awards for the twelve months ended December 31, 2021 and 2020:

	2021	2020
Risk-free rate	1.07%	0.79%
Expected life (years)	6.06	5.76
Expected volatility	52.72%	52.53%
Expected dividend yield	—%	—%

As part of the Beaches Development Group LTD transaction, two of the sellers signed employment contracts with Beaches Development Group LTD, the shares allocated to them as purchase consideration totaled 113,908 with value of $85,000 at $0.75 per share and are unvested at acquisition date, these will be vested over a two-year period, with 50% in year 1 and the remaining 50% in year 2, as a result, the shares are treated as postcombination expense and are restricted. Approximately $64,000 is included in compensation expense for the period with $21,000 remained unamortized at December 31, 2021.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Q2) (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Dec. 31, 2021

Dec. 31, 2020

Product Information [Line Items]

Accumulated deficit

$ 18,701

$ 13,225

^[1]

$ 7,475

Net cash used in operating activities

2,464

$ 1,301

4,952

$ 2,452

7,884

1,006

Working capital

14,000

Cash and cash equivalents

14,179

2,227

^[1]

10,447

Cash in excess of insured limits

$ 13,900

$ 1,900

$ 10,000

One Customer | United States | Revenue from Contract with Customer Benchmark | Customer Concentration Risk

Product Information [Line Items]

Concentration risk, percentage

13.00%

15.00%

13.00%

One Customer | United States | Accounts Receivable | Customer Concentration Risk

Product Information [Line Items]

Concentration risk, percentage

6.00%

28.00%

[1]	Derived from audited consolidated financial statements

STOCK BASED COMPENSATION (FY)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

STOCK BASED COMPENSATION [Abstract]

STOCK BASED COMPENSATION

NOTE 13 – STOCK BASED COMPENSATION

The following table summarizes information on stock options outstanding as of June 30, 2022 and 2021 under the Legacy Incentive Plan:

	Options Outstanding		Options Vested and Exercisable
Fixed Options	Number of Options	Weighted Average Exercise Price (Per Share)	Number of Options	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price (Per Share)
Outstanding Balance, January 1, 2022	6,802,437	$0.38	4,628,311	6.79	$0.24
Options granted	—
Options exercised	(530,666)	$0.55
Options forfeited	(61,460)	$0.75
Options cancelled	(4,791)	$0.75
Outstanding Balance, June 30, 2022	6,205,520
Conversion ratio	0.5929
SpringBig Holdings options	3,679,171	0.58	3,486,482	—	—

The intrinsic value of the options exercised during the six months ended June 30, 2022 was $3.3 million, no option was exercised during the same period for 2021.

The remaining unamortized expenses associated with the unvested options is $173,000 and will be expensed with the next 3 years.

NOTE 8 – STOCK BASED COMPENSATION

The following table summarizes information on stock options outstanding as of December 31, 2021 and 2020:

	Options Outstanding		Options Vested and Exercisable
Fixed Options	Number of Options	Weighted Average Exercise Price (Per Share)	Number of Options	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price (Per Share)
Outstanding Balance, January 1, 2020	4,597,500	$0.19	2,970,724	8.48	$0.17
Options granted	1,575,000	$0.68
Options exercised	(33,436)	$0.37
Options forfeited	(56,668)	$0.33
Options cancelled	(41,353)	$0.39
Outstanding Balance, December 31, 2020	6,041,043	$0.31	3,838,429	7.62	$0.19

Options granted	1,173,500	$ 0.75
Options exercised	(159,477)	$0.24
Options forfeited	(237,528)	$0.66
Options cancelled	(15,101)	$0.54
Outstanding Balance, December 31, 2021	6,802,437	$0.38	4,628,311	6.79	$ 0.24

The intrinsic value of the options exercised during the twelve months ended December 31, 2021 and 2020 was $81,000 and $13,000, respectively.

The following table summarizes the aggregate intrinsic value as of December 31, 2021 and 2020:

	Options Outstanding		Options Vested and Exercisable
	(In thousands except share data)		(In thousands except share data)
Fixed Options	Number of Options	Aggregate Intrinsic Value	Number of Options	Aggregate Intrinsic Value
January 1, 2020	4,597,500	$1,162	2,970,724	$812
December 31, 2020	6,041,043	$2,649	3,838,429	$2,146
December 31, 2021	6,802,437	$24,761	4,628,311	$18,652

The Company has adopted ASU 2018-07 which allows a simplified approach to accounting for share-based payments for the years ended December 31, 2021 and 2020.

The following table provides the weighted average assumptions used in determining the fair value of the stock-based awards for the twelve months ended December 31, 2021 and 2020:

	2021	2020
Risk-free rate	1.07%	0.79%
Expected life (years)	6.06	5.76
Expected volatility	52.72%	52.53%
Expected dividend yield	—%	—%

STOCK BASED COMPENSATION (Q2) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

STOCK BASED COMPENSATION [Abstract]

Schedule of Stock Options Outstanding

The following table summarizes information on stock options outstanding as of June 30, 2022 and 2021 under the Legacy Incentive Plan:

	Options Outstanding		Options Vested and Exercisable
Fixed Options	Number of Options	Weighted Average Exercise Price (Per Share)	Number of Options	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price (Per Share)
Outstanding Balance, January 1, 2022	6,802,437	$0.38	4,628,311	6.79	$0.24
Options granted	—
Options exercised	(530,666)	$0.55
Options forfeited	(61,460)	$0.75
Options cancelled	(4,791)	$0.75
Outstanding Balance, June 30, 2022	6,205,520
Conversion ratio	0.5929
SpringBig Holdings options	3,679,171	0.58	3,486,482	—	—

The following table summarizes information on stock options outstanding as of December 31, 2021 and 2020:

	Options Outstanding		Options Vested and Exercisable
Fixed Options	Number of Options	Weighted Average Exercise Price (Per Share)	Number of Options	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price (Per Share)
Outstanding Balance, January 1, 2020	4,597,500	$0.19	2,970,724	8.48	$0.17
Options granted	1,575,000	$0.68
Options exercised	(33,436)	$0.37
Options forfeited	(56,668)	$0.33
Options cancelled	(41,353)	$0.39
Outstanding Balance, December 31, 2020	6,041,043	$0.31	3,838,429	7.62	$0.19

Options granted	1,173,500	$ 0.75
Options exercised	(159,477)	$0.24
Options forfeited	(237,528)	$0.66
Options cancelled	(15,101)	$0.54
Outstanding Balance, December 31, 2021	6,802,437	$0.38	4,628,311	6.79	$ 0.24

PROPERTY AND EQUIPMENT (FY)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

PROPERTY AND EQUIPMENT [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following (in thousands):

	June 30, 2022	December 31, 2021
Computer equipment	$308	$225
Data warehouse	286	256
Software	196	196
	790	677
Less accumulated depreciation and amortization	(319)	(197)
Property and Equipment	$471	$480

The useful life of computer equipment, software and the data warehouse is 3 years.

The amounts are included in general and administrative expenses in the consolidated statements of operations.

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of December 31, 2021 and 2020:

	December 31,
	2021	2020
Computer equipment	$225	$83
Data warehouse	256	145
Software	196	—
	677	228
Less accumulated depreciation and amortization	(197)	(23)
Property and Equipment	$480	$205

The useful life of computer equipment, software and the data warehouse is 3 years.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Q2)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Q2)	Jun. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The unaudited consolidated financial statements have been prepared in conformity with the rules and regulations of the SEC for Quarterly Reports on Form 10-Q and therefore do not include certain information, accounting policies, and footnote disclosure information or footnotes necessary for a complete presentation of financial position, results of operations and cash flows in conformity with generally accepted accounting principles. However, all adjustments (consisting of normal recurring accruals), which, in the opinion of management, are necessary for a fair presentation of the financial statements, have been included. Operating results for the three months ended June 30, 2022 and the six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for future periods or for the year ending December 31, 2022. These interim financial statements should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes included in the Company’s Registration Statement on Form S-1 filed with the SEC on July 22, 2022 and the audited financial statements and notes thereto included in the Annual Report on Form 10-K of Tuatara for the fiscal year ended December 31, 2021. Going Concern and Liquidity Historically, the Company has incurred losses, which has resulted in an accumulated deficit of approximately $18.7 million as of June 30, 2022. Cash flows used in operating activities were $5.0 million and $2.5 million for the six months ended June 30, 2022 and 2021, respectively. As of June 30, 2022, the Company had approximately $14.0 million in working capital, inclusive of $14.2 million in cash and cash equivalents to cover overhead expenses. The Company’s ability to continue as a going concern is dependent on its ability to meet its liquidity needs through a combination of factors but not limited to, cash and cash equivalents, the ongoing increase in revenue through increased usage by customers and new customers, its Stock Purchase Agreement and strategic capital raises. The ultimate success to these plans is not guaranteed. Based on management projections for increases in revenue and cash on hand, we estimate that our liquidity and capital resources are sufficient for our current and projected financial needs for the next twelve months, at a minimum. The accompanying consolidated financial statements are prepared on a going concern basis and do not include any adjustments that might result from uncertainty about the Company’s ability to continue as a going concern. Foreign Currency We translate the financial statements of our foreign subsidiaries, which have a functional currency in the respective country’s local currency, to U.S. dollars using month-end exchange rates for assets and liabilities and actual exchange rates for revenue, costs and expenses on the date of the transaction. Translation gains and losses are included within “general and administrative expense” on the consolidated statements of operations. These gains and losses are immaterial to the financial statements. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. The Company’s significant estimates include, but are not limited to, the allowance for doubtful accounts, useful lives of deferred contract assets, intangible assets, property and equipment, deferred income tax asset valuation, and certain assumptions used in the valuation for equity awards, convertible notes and warrant liabilities. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. Accounting estimates used in the preparation of these financial statements change as new events occur, as more experience is acquired, as additional information is obtained, and as the operating environment changes. Actual results may differ materially from these estimates. Concentrations of Credit Risk Financial instruments that potentially subject us to concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. We place our cash and cash equivalents with high credit-quality financial institutions. Such deposits may be in excess of federally insured limits. To date, we have not experienced any losses on our cash and cash equivalents. We perform periodic evaluations of the relative credit standing of the financial institutions. We perform ongoing credit evaluations of our customers’ financial condition and require no collateral from our customers. We maintain an allowance for doubtful accounts receivable based upon the expected collectability of accounts receivable balances. During the three and six months ended June 30, 2022, we had one customer representing 13% concentration of revenue, within the United States with 15% and 13% for the three and six months June 30, 2021, respectively. At June 30, 2022 and December 31, 2021 we had one customer representing 6% and 28% of accounts receivable within the United States, respectively. Transaction Costs The Company incurred significant costs direct and incremental to the business combination and therefore to the recapitalization of the Company. We deferred such costs incurred in 2021. In 2022, upon closing of the business combination, total direct transaction costs were allocated between equity and liability instruments measured at fair value on a recurring basis that were newly issued in the recapitalization. Amounts allocated to equity were recorded to additional paid-in capital, while amounts allocated to the specified liabilities were recorded as other expense. See Note 8, Business Combination, to these consolidated financial statements for further information. Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less, when acquired, to be cash equivalents. The Company maintains its cash with one commercial bank. As of June 30, 2022 and December 31, 2021, the Company exceeded the federally insured limits of $250,000 for interest and noninterest bearing deposits. The Company had cash balances with a single financial institution in excess of the FDIC insured limits by amounts of $13.9 million and $1.9 million as of June 30, 2022 and December 31, 2021, respectively. We monitor the financial condition of such institution and have not experienced any losses associated with these accounts. Effective Accounting Pronouncements In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. The amendments in this update modify the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. This update is effective beginning after December 15, 2021. We adopted this standard on January 1, 2022. The adoption of this standard did not have a material impact on our consolidated financial statements for the period ended June 30, 2022. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes. The ASU enhances and simplifies various aspects of the income tax accounting guidance in ASC 740, including requirements related to the following: (1) hybrid tax regimes; (2) tax basis step-up in goodwill obtained in a transaction that is not a business combination; (3) separate financial statements of entities not subject to tax; (4) intra-period tax allocation exception to the incremental approach; (5) ownership changes in investments; (6) interim-period accounting for enacted changes in tax law; and (7) year-to-date loss limitation in interim-period tax accounting. The amendments in ASU 2019-12 are effective for public business entities for fiscal years beginning after December 15, 2020, including interim periods therein. This update is effective beginning after December 15, 2021. We adopted this standard on January 1, 2022. The adoption of this standard did not have a material impact on our consolidated financial statements for the period ended June 30, 2022. In January 2020, the FASB issued ASU 2020-01, Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. The amendments in this update clarify certain interactions between the guidance to account for certain equity securities. This update is effective beginning after December 15, 2021. We adopted this standard on January 1, 2022. The adoption of this standard did not have a material impact on our consolidated financial statements for the period ended June 30, 2022. In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Under ASU 2020-06, embedded conversion features are no longer separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives, or that do not result in substantial premiums accounted for as paid-in capital. The convertible debt instruments will now be accounted for as a single liability measured at amortized cost. This results in the interest expense recognized for convertible debt instruments to be closer to the coupon interest rate. The new guidance also requires the if-converted method to be applied for all convertible instruments when calculating earnings per share. This update is effective beginning after December 15, 2021. We adopted this standard on January 1, 2022. The adoption of this standard did not have a material impact on our consolidated financial statements for the period ended June 30, 2022. Recent Accounting Pronouncements Not Yet Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). FASB issued ASU 2016-02 to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Certain qualitative and quantitative disclosures are required, as well as a retrospective recognition and measurement of impacted leases. In June 2020, FASB issued ASU 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Deferral of the Effective Dates for Certain Entities, which deferred the effective date of ASU 2016-02 to annual reporting periods beginning after December 15, 2021, with early adoption permitted. In July 2021, the FASB released Update No. 2021-05 Lessors—Certain Leases with Variable Lease Payments. The amendments in this update affect lessors with lease contracts that (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. The amendments in this update amend Topic 842. The amendments are effective for fiscal years beginning after December 15, 2021, for all entities, and interim periods within those fiscal years for public business entities and interim periods within fiscal years beginning after December 15, 2022, for all other entities. Management is currently evaluating the impact of adopting this standard on our financial condition and results of operations. In June 2016, FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, to revise the criteria for the measurement, recognition, and reporting of credit losses on financial instruments to be recognized when expected. In November 2019, FASB issued ASU 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842), which deferred the effective date of ASU 2016-13 to annual reporting periods beginning after December 15, 2022, with early adoption permitted. Management is currently evaluating the impact of adopting this standard on our financial condition and results of operations. In October 2021, the FASB issued ASU 2021-08 - Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The amendments in this update require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The amendments in this update should be applied prospectively to business combinations occurring on or after the effective date of the amendments. Early adoption of the amendments is permitted, including adoption in an interim period. An entity that early adopts in an interim period should apply the amendments (1) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early application and (2) prospectively to all business combinations that occur on or after the date of initial application. Management is currently evaluating the impact of adopting this standard on our financial condition and results of operations.

BENEFIT PLAN (Q2) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
BENEFIT PLAN (Q2) (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Postemployment Benefits [Abstract]
Company matching contributions	$ 68,000	$ 54,000	$ 117,000	$ 106,000	$ 239,000	$ 154,000

CONSOLIDATED BALANCE SHEETS (Q2) (Parenthetical) - $ / shares	Jun. 30, 2022	Jun. 14, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS [Abstract]
Common stock, par or stated value per share (in dollars per share)	$ 0.0001		$ 0.0001		$ 0.001
Common stock, shares authorized (in shares)	300,000,000	300,000,000	22,764,527		38,395,870
Common stock, shares, issued (in shares)	25,290,270	25,290,270	17,862,108	17,767,555	13,200,875
Common stock, shares, outstanding (in shares)	25,290,270	25,290,270	17,862,108	17,767,555	13,200,875

REVENUE RECOGNITION, Disaggregation of Revenue (FY) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Abstract]
Revenue	$ 6,584	$ 5,804	$ 12,948	$ 11,013	$ 24,024	$ 15,183
United States [Member] \| Revenue [Member] \| Geographic Concentration Risk [Member]
Disaggregation of Revenue [Abstract]
Concentration risk, percentage			97.00%	100.00%		100.00%
United States [Member] \| Revenue [Member] \| Geographic Concentration Risk [Member] \| Customer [Member]
Disaggregation of Revenue [Abstract]
Concentration risk, percentage					99.00%
United States [Member] \| Long-Lived Assets [Member] \| Geographic Concentration Risk [Member]
Disaggregation of Revenue [Abstract]
Concentration risk, percentage			75.00%		99.00%	100.00%
United States [Member] \| Long-Lived Assets [Member] \| Geographic Concentration Risk [Member] \| Customer [Member]
Disaggregation of Revenue [Abstract]
Concentration risk, percentage					99.00%
Brand Revenue [Member]
Disaggregation of Revenue [Abstract]
Revenue	248	152	$ 438	$ 284	$ 654	$ 241
Brand Revenue [Member] \| United States [Member]
Disaggregation of Revenue [Abstract]
Revenue	248	152	438	284	654	241
Retail Revenue [Member]
Disaggregation of Revenue [Abstract]
Revenue	6,336	5,652	12,510	10,729	23,370	14,942
Retail Revenue [Member] \| United States [Member]
Disaggregation of Revenue [Abstract]
Revenue	6,159	5,652	12,112	10,718	23,180	14,942
Retail Revenue [Member] \| Canada [Member]
Disaggregation of Revenue [Abstract]
Revenue	$ 177	$ 0	$ 398	$ 11	$ 190	$ 0

STOCK BASED COMPENSATION - Stock Options Outstanding (Q2) (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2022 $ / shares shares	Dec. 31, 2021 $ / shares shares
Number of Options
Outstanding at end of period (in shares)	3,679,171
Conversion ratio	0.5929
Weighted Average Exercise Price (Per Share)
Outstanding at end of period (in dollars per share) \| $ / shares	$ 0.58
Options Vested and Exercisable, Number Of Options (in shares)	3,486,482
SpringBig
Number of Options
Outstanding at beginning of period (in shares)	6,802,437
Options granted (in shares)	0
Options exercised (in shares)	(530,666)
Options forfeited (in shares)	(61,460)
Options cancelled (in shares)	(4,791)
Outstanding at end of period (in shares)	6,205,520	6,802,437
Weighted Average Exercise Price (Per Share)
Outstanding at beginning of period (in dollars per share) \| $ / shares	$ 0.38
Options granted (in dollars per share) \| $ / shares
Options exercised (in dollars per share) \| $ / shares	0.55
Options forfeited (in dollars per share) \| $ / shares	0.75
Options cancelled (in dollars per share) \| $ / shares	$ 0.75
Outstanding at end of period (in dollars per share) \| $ / shares		$ 0.38
Options Vested and Exercisable, Number Of Options (in shares)		4,628,311
Options Vested and Exercisable, Weighted Average Remaining Contractual Life (Years)		6 years 9 months 14 days
Options Vested and Exercisable, Weighted Average Exercise Price (Per Share) \| $ / shares		$ 0.24

STOCKHOLDERS' EQUITY (Q2)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

NOTE 16 – STOCKHOLDERS’ EQUITY

The Consolidated Statements of Changes in Stockholders’ Equity reflect the reverse recapitalization on June 14, 2022, as discussed in Note 8, Business Combination, to these consolidated financial statements. Because the Company was determined to be the accounting acquirer in the transaction, all periods presented prior to consummation of the transaction reflect the historical activity and balances of Legacy SpringBig, Inc. (other than common stock and potentially issuable shares underlying stock options which have been retroactively restated).

Immediately after giving effect to the business combination, the following equity securities of the SpringBig, were issued and outstanding: (i) 5,752,388 shares of SpringBig, common stock issued to the holders of Tuatara Class A ordinary shares and Tuatara Class B ordinary shares that automatically convert into Tuatara Class A ordinary shares upon the occurrence of the business combination in accordance with Tuatara’s amended and restated memorandum and articles of association as consideration in the business combination (comprised of 1,752,388 Class A ordinary shares after giving effect to the redemptions and the issuance of shares to public shareholders who did not elect to redeem their public shares and 4,000,000 Class B ordinary shares that converted into common stock), (ii) 18,196,526 shares of SpringBig common stock issued to the stockholders of SpringBig as consideration in the business combination, (iii) 10,000,000 warrants to purchase shares of SpringBig common stock issued to holders of the Public Shares upon conversion of warrants to purchase Tuatara Class A ordinary shares in connection with the business combination (each, a “New SpringBig Public Warrant”), (iv) 6,000,000 warrants to purchase shares of SpringBig common stock issued to Sponsor upon conversion of warrants to purchase Tuatara Class A Common Stock, and (v) 1,310,000 shares of SpringBig common stock issued to private investors (the “PIPE Investors”) in the PIPE Financing, plus 31,356 shares paid to certain PIPE Investors pursuant to the Convertible Notes.

Prior to the consummation of the business combination, the capital stock of Legacy SpringBig consisted of Series A, B and Seed preferred stock which was automatically convertible into common stock at the earlier of a $50.0 million initial public offering or vote of 63% of majority of preferred stockholders. The conversation rate of all preferred stock was at a one to one ratio to common stock. The preferred shares of stock were converted to SpringBig common stock at the Closing Date.

With the consummation of the business combination, Legacy SpringBig. issued and outstanding shares were converted into shares of SpringBig common stock as follows:

	Legacy SpringBig	Conversion Rate	SpringBig
Series B Preferred	4,585,202	0.59289	2,718,520
Series A Preferred	5,088,944	0.59289	3,017,184
Series Seed Preferred	6,911,715	0.59289	4,097,887
Common Stock	14,105,371	0.59289	8,362,935
	30,691,232		18,196,526

Sponsor Escrow Agreement

At the time of the Closing, TCAC Sponsor, LLC, a Delaware limited liability company (“Sponsor”), Tuatara and certain independent members of Tuatara’s board of directors entered into an escrow agreement (“Sponsor Escrow Agreement”), providing that (i) immediately following the Closing, Sponsor and certain of Tuatara’s board of directors’ independent directors shall deposit an aggregate of 1,000,000 shares of our Common Stock (such deposited shares, the “Sponsor Earnout Shares”) into escrow, (ii) the Sponsor Earnout Shares shall be released to the Sponsor if the closing price of our Common Stock equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, reorganizations, and recapitalizations) on any twenty (20) trading days in a thirty (30) trading-day period ending at any time after the Closing Date and before the fifth anniversary of the Closing Date, and (iii) the Sponsor Earnout Shares will be terminated and canceled by us if such condition is not met by the fifth anniversary of the Closing Date.

Contingent and Earnout Shares

The holders of Legacy SpringBig’s common stock and the “engaged option holders” (employees or engaged consultants of Legacy SpringBig who held Legacy SpringBig options at the effective time of the merger and who remains employed or engaged by Legacy SpringBig at the time of such payment of contingent shares) shall be entitled to receive their pro rata portion of such number of shares, fully paid and free and clear of all liens other than applicable federal and state securities law restrictions, as set forth below upon satisfaction of any of the following conditions:

a.	7,000,000 contingent shares if the closing price of the Company’s common stock equals or exceeds $12.00 per share on any twenty (20) trading days in a thirty (30)-trading day period at any time after the Closing Date and no later than 60 months following the Closing Date;

b.	2,250,000 contingent shares if the closing price of the Company’s common stock equals or exceeds $15.00 per share on any twenty (20) trading days in a thirty (30)-trading day period at any time after the Closing Date and no later than 60 months following the Closing Date; and

c.	1,250,000 contingent shares if the closing price of the Company’s common stock equals or exceeds $18.00 per share on any twenty (20) trading days in a thirty (30)-trading day period at any time after the Closing Date and no later than 60 months following the Closing Date.

With the consummation of the business combination, the Company’s authorized capital stock is 350,000,000 shares, consisting of 300,000,000 shares of common stock and 50,000,000 shares of preferred stock, with par value of 0.0001 per share.

NOTE 10 – STOCKHOLDERS’ EQUITY

Preferred Stock

Series B, A and Seed preferred stock do not have a dividend preference and any dividends declared shall be distributed among all holders of common stock and preferred stock in proportion to the number of shares of common stock that would be held if all shares of preferred stock were converted to common stock. Series B, A and Seed preferred stockholders (“Preferred Stockholders”) have the right to vote on certain corporate matters on an as converted basis with the holders of common stock as a single class. The Preferred Stockholders can convert all or any portion of such shares into an aggregate number of shares of common stock, as defined in the agreement and is automatically converted into common stock at the earlier of a $50.0 million initial public offering or vote of 63% of the outstanding shares of Preferred Stock (voting as a single class on as as-converted basis). The conversation rate of all preferred stock is at a one to one ratio to common stock. No dividends have been declared on the preferred stock as of December 31, 2021. Preferred stockholders have a preference in the event of liquidation in the following sequence, Series B then Series A and then Seed, with preferences being $11.5 million, $5.0 million and $2.4 million, respectively.

In August 2020, the Company entered into a Series B Preferred Stock Purchase Agreement (“Series B Agreement”) with various investors. The Series B Agreement provides for the sale and issuance of 4,584,202 shares of Series B preferred stock at a purchase price of $2.51 per share, for a total of $11.5 million.

Common Stock

During the year ended December 31, 2021, the Company issued 180,972 shares of its common stock at $0.75 per shares totaling $136,000, to satisfy the purchase of Beaches Development Group LTD. Two of the sellers signed employment contracts with Beaches Development Group LTD, the shares allocated to them as purchase consideration totaled 113,908 with value of $85,000 and are unvested at acquisition date, these will be vested over a two-year period, with 50% in year 1 and the remaining 50% in year 2, as a result, the shares are treated as postcombination

expense and are restricted. Approximately $21,000 remained unamortized at December 31, 2021. During the year ended December 31, 2020, the Company repurchased 1,446,986 shares of its common stock at a price of $2.59 per shares totaling $3.3 million, the shares were then cancelled. There are no treasury shares held as of December 31, 2021 and 2020, respectively.

Shares of Common Stock under Equity Incentive Plan

The Company has reserved an aggregate of 7,195,584 shares of common stock under its Equity Incentive Plan, pursuant to which, as of December 31, 2021, 7,065,350 stock options had been granted to employees, with 4,628,311 fully vested and outstanding, 192,913 stock options has been exercised to date, 2,174,126 stock options are subject to vesting. There were 130,234 stock options remaining for future issuance under the Equity Incentive Plan as of December 31, 2021. During the years ended December 31, 2021 and 2020, approximately 159,477 and 33,436 in stock options were exercised with total proceed of approximately $38,000 and $12,000, respectively.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI https://asc.fasb.org/topic&trid=2208762

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (FY)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (FY)	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and all its wholly owned subsidiary companies. All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Going Concern and Liquidity Historically, the Company has incurred losses, which has resulted in an accumulated deficit of approximately $13.2 million as of December 31, 2021. Cash flows used in operating activities were $7.9 million and $1.0 million for the twelve months ended December 31, 2021 and 2020, respectively. As of December 31, 2021, the Company had approximately $3.9 million in working capital, inclusive of $2.2 million in cash and cash equivalents to cover overhead expenses. The Company’s ability to continue as a going concern is dependent on its ability to meet its liquidity needs through a combination of factors but not limited to, cash and cash equivalents, the ongoing increase revenue through increased usage by customers and new customers and strategic capital raises such as its pending SPAC merger. The ultimate success to these plans are not guaranteed. On February 25, 2022 the Company entered into Convertible Notes with two existing shareholders in aggregate for a principal sum of $7.0 million. Based on management projections for increase in revenue and cash received from the Convertible Notes, we estimate that our liquidity and capital resources are sufficient for our current and projected financial needs for the next twelve months, at a minimum, from the date of this audit opinion. The accompanying consolidated financial statements are prepared on a going concern basis and do not include any adjustments that might result from uncertainty about the Company’s ability to continue as a going concern. Foreign Currency We translate the financial statements of our foreign subsidiaries, which have a functional currency in the respective country’s local currency, to U.S. dollars using month-end exchange rates for assets and liabilities and actual exchange rates for revenue, costs and expenses on the date of the transaction. Translation gains and losses are included within “general and administrative expense” on the consolidated statements of operations. These gains and losses are immaterial to the financial statements. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. The Company’s significant estimates include, but are not limited to, the allowance for doubtful accounts, useful lives of deferred contract assets, intangible assets, property and equipment, deferred income tax asset valuation, and certain assumptions used in the valuation for equity awards. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. Accounting estimates used in the preparation of these financial statements change as new events occur, as more experience is acquired, as additional information is obtained, and as the operating environment changes. Actual results may differ materially from these estimates. Segments The Company manages its business as a single operating segment. Our chief operating decision maker reviews financial information presented for the purposes of allocating resources and evaluating financial performance at an entity level and we have no segment managers who are held accountable by the chief operating decision maker for operations and operating results. The products and services across the company are similar in nature, distributed in a comparable manner and have customers with common characteristics. We determined that we have one operating and reportable segment in accordance with Accounting Standards Codification (“ASC”) 280, Segment Reporting. Fair Value of Financial Instruments Our financial assets, which include cash equivalents, current financial assets and our current financial liabilities have fair values that approximate their carrying value due to their short-term maturities. Concentrations of Credit Risk Financial instruments that potentially subject us to concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. We place our cash and cash equivalents with high credit-quality financial institutions. Such deposits may be in excess of federally insured limits. To date, we have not experienced any losses on our cash and cash equivalents. We perform periodic evaluations of the relative credit standing of the financial institutions. We perform ongoing credit evaluations of our customers’ financial condition and require no collateral from our customers. We maintain an allowance for doubtful accounts receivable based upon the expected collectability of accounts receivable balances. At December 31, 2021, we had one customer representing an 11% concentration of revenue and 28% of accounts receivable within the United States. There was no such concentration at December 31, 2020. Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less, when acquired, to be cash equivalents. The Company maintains its cash with one commercial bank. As of December 31, 2021 and 2020, the Company exceeded the federally insured limits of $250,000 for interest and noninterest bearing deposits. The Company had cash balances with a single financial institution in excess of the FDIC insured limits by amounts of $1.9 million and $10.0 million as of December 31, 2021 and 2020, respectively. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are uncollateralized customer obligations due under normal trade terms granted by the Company based on each customer’s own creditworthiness. The carrying amount of accounts receivable is reduced by an allowance for doubtful accounts that reflects management’s best estimate of amounts that will not be collected. Management individually reviews past due accounts receivable balances and based on an assessment of each customer’s current creditworthiness, estimates the portion, if any, that will not be collected. Additionally, management assesses the remaining balance of accounts receivable based on experience and an assessment of future economic conditions to determine its best estimate of the portion that will not be collected. Unbilled receivables are customer obligations due under normal terms of trade which have not been invoiced at the balance sheet date and are invoiced shortly thereafter. Property and Equipment Property and equipment are carried at cost less accumulated depreciation. Major additions and improvements which extend the life of the assets are capitalized whereas maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed as incurred. When property or equipment is sold or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is included in income. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of their estimated useful lives or the terms of the leases . Contract Assets (Deferred Commission) The Company recognized a contract asset for the incremental costs (i.e., the sales commissions) of obtaining a contract because the Company expects to recover those costs through future fees for the services to be provided. The Company amortizes the asset over the course of three years, which is the estimated number of years a customer is retained, because the asset relates to the services transferred to the customer during the contract term of one year and the Company anticipates that the contract will be renewed for two subsequent one-year periods. Capitalized Software Development Costs Internal and external costs associated with the development stage of computer applications, as well as for upgrades and enhancements that result in additional functionality of the applications, are capitalized in accordance with Accounting Standards Codification (“ASC”) 350-40, Internal-Use Software Accounting and Capitalization. Internal and external training and maintenance costs are charged to expense as incurred or over the related service period. When a software application is placed in service, the Company begins amortizing the related capitalized software costs using the straight-line method based on its estimated useful life, which is generally three years. Impairment of Long-Lived Assets The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends, and prospects, as well as the effects of obsolescence, demand, competition, and other economic factors. The Company did not recognize any impairment loss in 2021 or 2020. Business Combination Acquisitions of subsidiaries are accounted for using the acquisition method. The consideration for each acquisition is measured at the aggregate of the fair values (at the date of acquisition) of assets transferred and liabilities incurred or assumed, and equity instruments issued by the Company. Acquisition-related costs are recognized in the statements of operations in the period which they are incurred. Where applicable, the consideration for the acquisition includes any asset or liability resulting from a contingent consideration arrangement, measured at its acquisition-date fair value. Subsequent changes in such fair values are adjusted against the cost of acquisition where they qualify as measurement period adjustments. All other subsequent changes in the fair value of contingent consideration classified as an asset or liability are accounted for in accordance with relevant guidance consistent with ASC 805, Business Combinations. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company will report provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the amounts recognized as of that date. The measurement period is the period from the date of acquisition to the date the Company obtains complete information about facts and circumstances that existed as of the acquisition date and does not exceed twelve months. Intangible Assets We account for intangible assets under ASC 350, Goodwill and Other. Intangible assets represent software acquired in the acquisition of Beaches Development Group. The amount is recorded at fair value on the date of the acquisition and amortized over its useful life of three years, using the straight-line method. The amount for intangible assets is included in property and equipment on the balance sheets. Contract Liabilities (Deferred Revenue) The Company records contract liabilities when cash payments are received in advance of performance obligations being performed for initial start-up fees and payments received in advance of credits utilized. The Company expects to recognize these contract liabilities in the following period when it transfers its services and, therefore, satisfies its performance obligation to the customers. Revenue Recognition On January 1, 2019, the Company adopted, using the full retrospective method, the provisions of FASB Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, which provides guidance on the recognition, presentation, and disclosure of revenue in financial statements. ASC 606 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to revenue recognition policies. The Company recognizes revenue upon transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services. We report revenue net of sales and other taxes collected from customers to be remitted to government authorities. For a standard contract, the Company works with a customer to provide access to an integrated platform that provides all the functions of its proprietary software, which utilizes proprietary technology to send text or email messages to the customer’s contacts based on a credit system. Through this software, the Company allows merchants to provide loyalty plans and rewards directly to consumers through an internet portal and mobile applications. The functions of the software themselves do not have individual value to the customer. Each customer is buying the right to access the platform to receive all the benefits of the platform. Therefore, the Company’s single performance obligation is to provide customers the ability to use its proprietary software application that provides marketing and customer engagement services to cannabis dispensaries throughout the United States. Nature of Promises to Transfer - The services provided by the Company’s software are subscription based for its retail and brand customers as follows: Retail customers - the Company provides its retail customer access to the software for an initial contract that is initially for a term of one year, with automatic annual renewals. Revenue is earned monthly, which consists of the contracted monthly fixed fee for a ceiling credit plus, if any, optional purchases for additional credits, plus one twelfth of the initial start-up fees which are recognized on a straight-line basis over the initial contract term of one. Brand customers – a customer can purchase use of the Company’s software, which includes a certain amount of credits to be utilized over the course of six to twelve months. The Company recognizes revenue monthly based on the credits used each month which depicts the best transfer of control. This monthly revenue consists of the prepaid fee multiplied by the number of credits used in the month divided by the expected number of credits to be used over the term of the contract not to exceed the ceiling credits purchased. Set up fees – the company recognizes revenue from a onetime set up fee which is charged to customers prior to going live. The amount is treated as deferred revenue and amortized over the life of the contract which is normally one year. In no case does the Company act as an agent, i.e., the Company does not provide a service of arranging for another party to transfer goods or services to the customer. Timing of Satisfaction - Control of services is transferred during a subscription period. Services provided by the Company are performed over time on a monthly basis for retail customers or over a designated prepaid contract term generally from six to twelve months from brand customers. Allocating the Transaction Price - The transaction price of a subscription is the amount of consideration to which the Company expects to be entitled in exchange for transferring promised services to a customer. Transaction prices do not include amounts collected on behalf of third parties (e.g., sales taxes). To determine the transaction price of a contract, the Company considers its customary business practices as well as the terms of the contract. For the purpose of determining transaction prices, the Company assumes that the services will be transferred to the customer as promised in accordance with existing contracts and that the contracts will not be cancelled, renewed, or modified. The Company’s contracts with customers have fixed transaction prices that are denominated in U.S. and CAD dollars. Consideration paid for services that customers purchase from the Company is nonrefundable. Therefore, at the time revenue is recognized, the Company does not estimate expected refunds for services nor does the Company adjust revenue downward. For both retail and brand contracts, there is only one performance obligation for the standard contract. As such, the transaction price is allocated entirely to that obligation. Practical Expedients - The Company has adopted certain practical expedients with significant items disclosed herein. The Company has elected to apply the portfolio approach practical expedient to evaluate contracts with customers that share the same revenue recognition patterns as the result of evaluating them as a group will have substantially the same result as evaluating them individually. Cost of Revenues Cost of revenues principally consists of amounts payable to distributors of messages on behalf of customers across cellular networks and the cost of third-party data and integrations. Selling, Servicing and Marketing Expenses Selling, servicing and marketing expenses consist primarily of personnel and related costs, including salaries, benefits, bonuses, commissions and travel for our sales team, client success and marketing team. Other costs included in this expense are marketing and promotional events. Advertising costs are charged to marketing expense as incurred. Advertising expense totaled $96,000 and $22,000 for the years ended December 31, 2021 and 2020, respectively. Technology and Software Development Technology and software development expense consist primarily of personnel and related costs, including salaries, benefits, bonuses and cost of server usage by our developers. General and Administrative Expenses General and administrative expenses consist primarily of personnel and related costs for our executive, finance, legal, human resources, and administrative personnel, including salaries, benefits, bonuses, and stock-based compensation, legal, accounting, other professional service fees and other corporate expenses. Stock-Based Compensation ASC 718, Compensation - Stock Compensation, addresses accounting for share-based awards, including stock options, restricted stock, performance shares and warrant. Stock-based compensation for stock options to employees and non-employees is based upon the fair value of the award on the date of grant. We record forfeitures as they occur. The compensation cost is recognized over the requisite service period, which is generally the vesting period, and is included in general and administrative expenses in the consolidated statements of operations. The Company estimates the fair value of stock options using the Black-Scholes valuation model. The expected life represents the term the options granted are expected to be outstanding. The expected volatility was determined using the historical volatility of similar publicly traded companies. The risk-free interest rate is based on the U.S. Treasury rate in effect at the time of grant. Earnings Per Share The Company computes net income per share in accordance with ASC 260, Earnings Per Share. Under the provisions of ASC 260, basic net income per share is computed by dividing the net income available to common shareholders by the weighted average common shares outstanding during the period. Diluted net income per share adjusts basic net income per share for the effects of stock options, warrants, convertible notes and restricted stock awards only in periods, or for such awards in which the effect is dilutive. ASC 260 also requires the Company to present basic and diluted earnings per share information separately for each class of equity instruments that participate in any income distribution with primary equity instruments. Income Taxes We record current income taxes based on our estimates of current taxable income and provide for deferred income taxes to reflect estimated future income tax payments and receipts. We are subject to federal income taxes as well as state taxes. In addition, we are subject to taxes in the foreign jurisdictions where we operate. The Company records a deferred tax asset or liability based on the difference between financial statement and tax basis of assets and liabilities as measured by the anticipated tax rates which will be in effect when these differences reverse. The measurement of deferred tax assets is reduced, if necessary, by the amount of any tax benefits that, based on available evidence, are not expected to be realized. The Company adopted ASU 2015-17, Balance Sheet Classification of Deferred Taxes. The guidance requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. As a result, each jurisdiction will only have one net noncurrent deferred tax asset or liability. The Company has evaluated its tax positions for any uncertainties based on the technical merits of the positions taken. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be upheld on examination by taxing authorities. The Company has analyzed the tax positions taken and has concluded that as of December 31, 2021 and 2020, there are no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the financial statements. Leases The Company expenses the total cost associated with real estate leases on a straight-line basis over the life of the lease commitment. The amount accrued relating to future contractual increases is immaterial. Recent Accounting Pronouncements Not Yet Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). FASB issued ASU 2016-02 to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Certain qualitative and quantitative disclosures are required, as well as a retrospective recognition and measurement of impacted leases. In June 2020, FASB issued ASU 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Deferral of the Effective Dates for Certain Entities, which deferred the effective date of ASU 2016-02 to annual reporting periods beginning after December 15, 2021, with early adoption permitted. In July 2021, the FASB released Update No. 2021-05 Lessors—Certain Leases with Variable Lease Payments. The amendments in this Update affect lessors with lease contracts that (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. The amendments in this Update amend Topic 842. The amendments are effective for fiscal years beginning after December 15, 2021, for all entities, and interim periods within those fiscal years for public business entities and interim periods within fiscal years beginning after December 15, 2022, for all other entities. Management is currently evaluating this standard and the impact of the new lease standard. In June 2016, FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, to revise the criteria for the measurement, recognition, and reporting of credit losses on financial instruments to be recognized when expected. In November 2019, FASB issued ASU 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842), which deferred the effective date of ASU 2016-13 to annual reporting periods beginning after December 15, 2022, with early adoption permitted. Management is currently evaluating this standard. In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which is simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. The amendments in this Update modify the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. An entity should apply the amendments in this Update on a prospective basis. A public business entity should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. A public business entity that is not an SEC filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2020. All other entities, including not-for-profit entities, that are adopting the amendments in this Update should do so for their annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2021. Management is currently evaluating this standard. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes. The ASU enhances and simplifies various aspects of the income tax accounting guidance in ASC 740, including requirements related to the following: (1) hybrid tax regimes; (2) tax basis step-up in goodwill obtained in a transaction that is not a business combination; (3) separate financial statements of entities not subject to tax; (4) intra-period tax allocation exception to the incremental approach; (5) ownership changes in investments; (6) interim-period accounting for enacted changes in tax law; (7) year-to-date loss limitation in interim-period tax accounting. The amendments in ASU 2019-12 are effective for public business entities for fiscal years beginning after December 15, 2020, including interim periods therein. Early adoption of the standard is permitted, including adoption in interim or annual periods for which financial statements have not yet been issued. Management is currently evaluating this standard. In January 2020, the FASB issued ASU 2020-01, Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. The amendments in this Update clarify certain interactions between the guidance to account for certain equity securities. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted, including early adoption in an interim period, (1) for public business entities for periods for which financial statements have not yet been issued and (2) for all other entities for periods for which financial statements have not yet been made available for issuance. The amendments in this Update should be applied prospectively. Under a prospective transition, an entity should apply the amendments at the beginning of the interim period that includes the adoption date. Management does not anticipate this standard will have any impact on our consolidated financial statements. In June 2020, the FASB issued ASU 2020-06 which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. ASU 2020-06 also amends certain guidance in ASC 260 on the computation of EPS for convertible instruments and contracts on an entity’s own equity. Under ASU 2020-06, entities must apply the if-converted method to all convertible instruments because the treasury stock method will no longer be available. For public business entities that are not smaller reporting companies, the amendments in this update are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. For all other entities, the guidance will be effective for the fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The guidance may be early adopted for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Management is currently evaluating this standard. In October 2021, the FASB issued ASU 2021-08 - Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The amendments in this update require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The amendments in this Update should be applied prospectively to business combinations occurring on or after the effective date of the amendments. Early adoption of the amendments is permitted, including adoption in an interim period. An entity that early adopts in an interim period should apply the amendments (1) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early application and (2) prospectively to all business combinations that occur on or after the date of initial application. Management is currently evaluating this standard. Reclassification Certain reclassifications of the prior period amounts and presentation have been made to conform to the presentation for the current period, specifically presentation of current liabilities and operating expenses. There is no material impact on the presentation of the financial statements as presented.

STOCKHOLDERS' EQUITY (Q2) (Tables)

6 Months Ended

Jun. 30, 2022

STOCKHOLDERS' EQUITY [Abstract]

Schedule of Stock Issued and Outstanding

With the consummation of the business combination, Legacy SpringBig. issued and outstanding shares were converted into shares of SpringBig common stock as follows:

	Legacy SpringBig	Conversion Rate	SpringBig
Series B Preferred	4,585,202	0.59289	2,718,520
Series A Preferred	5,088,944	0.59289	3,017,184
Series Seed Preferred	6,911,715	0.59289	4,097,887
Common Stock	14,105,371	0.59289	8,362,935
	30,691,232		18,196,526

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21488-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

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+ Details

INCOME TAXES (FY) (Tables)

12 Months Ended

Dec. 31, 2021

INCOME TAXES [Abstract]

Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes consist of the following, (in thousands):

	December 31
	2021	2020
Provision (benefit) for income taxes
Current
Federal	$—	$—
State	1	—
International	1	—
	$2	$—

U.S. and Foreign Components of Loss from Operations Before Income Taxes

U.S. and foreign components of loss from operations before income taxes were as follows (in thousands):

Actual Provision (Benefit) for Income Taxes from Operations Differ from the Federal Expected Income Tax Provision

The Company’s actual provision (benefit) for income taxes from operations differ from the federal expected income tax provision as follows (in thousands):

	December 31, 2021		December 31, 2020
	Amount	Rate	Amount	Rate
U.S. federal income tax provision (benefit) at statutory rate	$(1,207)	21%	$(336)	21%
Increase (decrease) in taxes resulting from:
State income tax expense	1	—	—	—
Foreign income and losses taxed at different rates	(51)	1%	—	—
Change in valuation allowance	1,620	(28)%	401	(25)%
Paycheck protection program forgiveness	(165)	3%	—	—
Non-deductible or non-taxable items	(194)	3%	(65)	4%
Effect of income tax rate changes on deferred items	(2)	—	—	—
Provision (benefit) for income taxes	$2	—	$—	—

Deferred Tax Assets and Liabilities

The tax effects of temporary difference that give rise to a significant portion of deferred tax assets and tax liabilities for the year ended December 31, 2021 and 2020 are as follows (in thousands):

	December 31
	2021	2020
Deferred tax assets:
Accrued expenses and other liabilities	76	42
Property and equipment, net	—	112
Net operating loss	3,402	1,464
Stock-based compensation	132	147
Total gross deferred tax assets	3,610	1,765
Less: valuation allowance	(3,385)	(1,765)
Total deferred tax assets	225	—
Deferred tax liabilities:
Prepaid expenses and other assets	(191)	—
Property and equipment, net	(34)	—
Total deferred tax liabilities	(225)	—
Net deferred income tax asset (liability)	—	—

PROPERTY AND EQUIPMENT (FY) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

PROPERTY AND EQUIPMENT [Abstract]

Property, and Equipment

Property and equipment consist of the following (in thousands):

	June 30, 2022	December 31, 2021
Computer equipment	$308	$225
Data warehouse	286	256
Software	196	196
	790	677
Less accumulated depreciation and amortization	(319)	(197)
Property and Equipment	$471	$480

Property and equipment consist of the following as of December 31, 2021 and 2020:

	December 31,
	2021	2020
Computer equipment	$225	$83
Data warehouse	256	145
Software	196	—
	677	228
Less accumulated depreciation and amortization	(197)	(23)
Property and Equipment	$480	$205

ACCOUNTS RECEIVABLE (FY) (Details) - USD ($)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Dec. 31, 2021

Dec. 31, 2020

ACCOUNTS RECEIVABLE [Abstract]

Accounts receivable

$ 2,533,000

$ 1,027,000

Unbilled receivables

809,000

264,000

Accounts receivable, gross

$ 4,026,000

3,342,000

1,291,000

Less allowance for doubtful accounts

(429,000)

(297,000)

(150,000)

Accounts receivable, net

3,597,000

3,045,000

^[1]

1,141,000

Bad debt expense

$ 181,000

$ 30,000

$ 214,000

$ 60,000

$ 216,000

$ 297,000

[1]	Derived from audited consolidated financial statements

PROPERTY AND EQUIPMENT - Summary (Q2) (Details) - USD ($)
$ in Thousands

Jun. 30, 2022

Dec. 31, 2021

Dec. 31, 2020

Property, Plant and Equipment [Line Items]

Property and equipment, gross

$ 790

$ 677

Less accumulated depreciation and amortization

(319)

(197)

$ (23)

Property and Equipment

471

480

^[1]

$ 205

Computer equipment

Property, Plant and Equipment [Line Items]

Property and equipment, gross

308

225

Data warehouse

Property, Plant and Equipment [Line Items]

Property and equipment, gross

286

256

Software

Property, Plant and Equipment [Line Items]

Property and equipment, gross

$ 196

[1]	Derived from audited consolidated financial statements

REVENUE RECOGNITION (Q2) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

REVENUE RECOGNITION [Abstract]

Schedule of Disaggregation of Revenue

The following table represents our revenues disaggregated by type (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Revenue
Brand revenue	$248	$152	$438	$284
Retail revenue	6,336	5,652	12,510	10,729
Total Revenue	$6,584	$5,804	$12,948	$11,013

Revenue by geographical region consist of the following (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Retail revenue
United States	$6,159	$5,652	$12,112	$10,718
Canada	177	—	398	11
Brand revenue
United States	248	152	438	284
	$6,584	$5,804	$12,948	$11,013

The following table represents our revenues disaggregated by type (in thousands):

	December 31
	2021	2020
Revenue
Brand revenue	$654	$241
Retail revenue	23,370	14,942
Total Revenue	$24,024	$15,183

Revenue by geographical region consist of the following (in thousands):

	December 31
	2021	2020
Retail revenue
United States	$23,180	$14,942
Canada	190	—
Brand revenue
United States	654	241
	$24,024	$15,183

Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable

Contract assets consisted of the following as of (in thousands):

	June 30, 2022	December 31, 2021
Contract assets consisted of the following as of:
Deferred sales commissions	$324	$364

Contract liabilities consisted of the following as of (in thousands):

	June 30, 2022	December 31, 2021
Contract liabilities consisted of the following as of:
Deferred revenue retail	$256	$231
Deferred set-up revenues	91	101
Deferred brands	80	118
Contract liabilities	$427	$450

The movement in the contract liabilities during the six months ended June 30, 2022 and the year ended December 31, 2021, comprised the following (in thousands):

	June 30, 2022	December 31, 2021
The movement in the contract liabilities during each period comprised the following:
Contract liabilities at start of the period	$450	$560
Amounts invoiced during the period	8,988	13,512
Less revenue recognized during the period	(9,011)	(13,622)
Contract liabilities at end of the period	$427	$450

Contract assets consisted of the following as of:

	December 31
	2021	2020
Deferred sales commissions	$364	$266

Contract liabilities consisted of the following as of:

	December 31
	2021	2020
Deferred revenue retail	$231	$468
Deferred set-up revenues	101	92
Deferred brands	118	—
Contract liabilities	$450	$560

ACCOUNTS RECEIVABLE (Q2) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

ACCOUNTS RECEIVABLE [Abstract]

Schedule of Accounts Receivable

Accounts receivable, net consisted of the following (in thousands):

	June 30, 2022	December 31, 2021
Accounts receivable	$3,242	$2,533
Unbilled receivables	784	809
	4,026	3,342
Less allowance for doubtful accounts	(429)	(297)
Accounts receivable, net	$3,597	$3,045

Accounts receivable, net consisted of the following as of:

	December 31,
	2021	2020
Accounts receivable	$2,533	$1,027
Unbilled receivables	809	264
	3,342	1,291
Less allowance for doubtful accounts	(297)	(150)
Accounts receivable, net	$3,045	$1,141

REVENUE RECOGNITION (Q2)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

REVENUE RECOGNITION [Abstract]

REVENUE RECOGNITION

NOTE 12 – REVENUE RECOGNITION

The following table represents our revenues disaggregated by type (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Revenue
Brand revenue	$248	$152	$438	$284
Retail revenue	6,336	5,652	12,510	10,729
Total Revenue	$6,584	$5,804	$12,948	$11,013

Geographic Information

Revenue by geographical region consist of the following (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Retail revenue
United States	$6,159	$5,652	$12,112	$10,718
Canada	177	—	398	11
Brand revenue
United States	248	152	438	284
	$6,584	$5,804	$12,948	$11,013

Revenues by geography are generally based on the country of the Company’s contracting entity. Total United States revenue was approximately 97% of total revenue for the three and six months ended June 30, 2022 and 100% for the three and six months ended June 30, 2021, respectively.

As of June 30, 2022 and December 31, 2021, approximately 75% and 99% of our long-lived assets were attributable to operations in the United States.

Contract Assets (Deferred Cost)

Contract assets consisted of the following as of (in thousands):

	June 30, 2022	December 31, 2021
Contract assets consisted of the following as of:
Deferred sales commissions	$324	$364

Contract liabilities consisted of the following as of (in thousands):

	June 30, 2022	December 31, 2021
Contract liabilities consisted of the following as of:
Deferred revenue retail	$256	$231
Deferred set-up revenues	91	101
Deferred brands	80	118
Contract liabilities	$427	$450

The movement in the contract liabilities during the six months ended June 30, 2022 and the year ended December 31, 2021, comprised the following (in thousands):

	June 30, 2022	December 31, 2021
The movement in the contract liabilities during each period comprised the following:
Contract liabilities at start of the period	$450	$560
Amounts invoiced during the period	8,988	13,512
Less revenue recognized during the period	(9,011)	(13,622)
Contract liabilities at end of the period	$427	$450

NOTE 5 – REVENUE RECOGNITION

The following table represents our revenues disaggregated by type (in thousands):

	December 31
	2021	2020
Revenue
Brand revenue	$654	$241
Retail revenue	23,370	14,942
Total Revenue	$24,024	$15,183

Geographic Information

Revenue by geographical region consist of the following (in thousands):

	December 31
	2021	2020
Retail revenue
United States	$23,180	$14,942
Canada	190	—
Brand revenue
United States	654	241
	$24,024	$15,183

Revenues by geography are generally based on the country of the SpringBig contracting entity. Total United States revenue was approximately 99% and 100% of total revenue for the year ended December 31, 2021 and 2020 respectively.

During the year ended December 31, 2021 and 2020, approximately 99% and 100% of our long-lived assets were attributable to operations in the United States.

Contract Assets (Deferred Cost)

Contract assets consisted of the following as of:

	December 31
	2021	2020
Deferred sales commissions	$364	$266

Contract Liabilities (Deferred Revenue)

Contract liabilities consisted of the following as of:

	December 31
	2021	2020
Deferred revenue retail	$231	$468
Deferred set-up revenues	101	92
Deferred brands	118	—
Contract liabilities	$450	$560

The movement in the contract liabilities during each year comprised the following:

	December 31
	2021	2020
Contract liabilities at start of the year	$560	$323
Amounts invoiced during the year	13,512	8,970
Less revenue recognized during the year	(13,622)	(8,733)
Contract liabilities at end of the year	$450	$560

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

REVENUE RECOGNITION, Movement in the Contract Liabilities (FY) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Movement in Contract Liabilities [Roll Forward]

Contract liabilities at start of the period

$ 560

$ 323

Amounts invoiced during the year

13,512

8,970

Less revenue recognized during the year

(13,622)

(8,733)

Contract liabilities at end of the period

$ 450

^[1]

$ 560

[1]	Derived from audited consolidated financial statements

STOCKHOLDERS' EQUITY, Common Stock (FY) (Details)	1 Months Ended	6 Months Ended		12 Months Ended
STOCKHOLDERS' EQUITY, Common Stock (FY) (Details)	Jan. 31, 2021 USD ($) Seller $ / shares shares	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares
Common Stock [Abstract]
Value of common stock issued		$ 0	$ 50,000
Unamortized compensation expense				$ 21,000
Shares of common stock repurchased (in shares) \| shares					1,446,986
Share price (in dollars per share) \| $ / shares					$ 2.59
Repurchase of common stock					$ 3,300,000
Treasury shares (in shares) \| shares				0	0
Beaches Development Group LTD [Member]
Common Stock [Abstract]
Common stock, shares issued (in shares) \| shares	180,972			180,972
Share price per shares (in dollars per share) \| $ / shares				$ 0.75
Value of common stock issued	$ 135,000			$ 136,000
Purchase consideration	$ 135,000			135,000
Unamortized compensation expense				$ 21,000
Beaches Development Group LTD [Member] \| Vesting in Year 2 [Member]
Common Stock [Abstract]
Number of sellers \| Seller	2
Beaches Development Group LTD [Member] \| Sellers Who Signed Employment Contracts [Member]
Common Stock [Abstract]
Common stock, shares issued (in shares) \| shares	113,908
Share price per shares (in dollars per share) \| $ / shares	$ 0.75
Number of sellers \| Seller	2
Purchase consideration	$ 85,000
Vesting period for shares	2 years
Beaches Development Group LTD [Member] \| Sellers Who Signed Employment Contracts [Member] \| Vesting in Year 1 [Member]
Common Stock [Abstract]
Percent of shares that vest per year	50.00%
Beaches Development Group LTD [Member] \| Sellers Who Signed Employment Contracts [Member] \| Vesting in Year 2 [Member]
Common Stock [Abstract]
Percent of shares that vest per year	50.00%

STOCK BASED COMPENSATION (FY) (Details)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
STOCK BASED COMPENSATION (FY) (Details)	Jan. 31, 2021 USD ($) Seller $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 USD ($) $ / shares shares
Stock Option [Abstract]
Compensation expense \| $		$ 1,045,000	$ 119,000	$ 1,226,000	$ 237,000	$ 595,000	$ 179,000
Stock Option Activity [Roll Forward]
Outstanding at end of period (in shares)		3,679,171		3,679,171
Weighted Average Exercise Price [Abstract]
Outstanding at end of period (in dollars per share) \| $ / shares		$ 0.58		$ 0.58
Weighted-Average Remaining Contractual Life [Abstract]
Intrinsic value of options exercised \| $				$ 3,300,000	$ 0	81,000	13,000
Aggregate Intrinsic Value [Abstract]
Unrecognized compensation expense \| $						$ 394,000	$ 462,000
Weighted Average Assumptions [Abstract]
Risk-free interest rate						1.07%	0.79%
Expected term (in years)						6 years 21 days	5 years 9 months 3 days
Expected volatility						52.72%	52.53%
Expected dividend yield						0.00%	0.00%
Unamortized compensation expense \| $						$ 21,000
Beaches Development Group LTD [Member]
Stock Option [Abstract]
Compensation expense \| $						$ 64,000
Weighted Average Assumptions [Abstract]
Shares allocated as purchase consideration (in shares)	180,972					180,972
Fair value of shares \| $	$ 135,000					$ 135,000
Share price (in dollar per share) \| $ / shares						$ 0.75
Unamortized compensation expense \| $						$ 21,000
Beaches Development Group LTD [Member] \| Sellers Who Signed Employment Contracts [Member]
Stock Option [Abstract]
Vesting period for shares	2 years
Weighted Average Assumptions [Abstract]
Number of sellers \| Seller	2
Shares allocated as purchase consideration (in shares)	113,908
Fair value of shares \| $	$ 85,000
Share price (in dollar per share) \| $ / shares	$ 0.75
Beaches Development Group LTD [Member] \| Vesting in Year 1 [Member] \| Sellers Who Signed Employment Contracts [Member]
Weighted Average Assumptions [Abstract]
Percent of shares that vest per year	50.00%
Beaches Development Group LTD [Member] \| Vesting in Year 2 [Member]
Weighted Average Assumptions [Abstract]
Number of sellers \| Seller	2
Beaches Development Group LTD [Member] \| Vesting in Year 2 [Member] \| Sellers Who Signed Employment Contracts [Member]
Weighted Average Assumptions [Abstract]
Percent of shares that vest per year	50.00%
2017 Equity Compensation Plan [Member]
Stock Option [Abstract]
Option maximum term						10 years
Vesting period for shares						4 years
Aggregate number of common shares authorized for issuance (in shares)						7,195,584
Compensation expense \| $						$ 595,000	$ 179,000
Stock Options [Member]
Stock Option Activity [Roll Forward]
Outstanding at beginning of period (in shares)	6,041,043			6,802,437	6,041,043	6,041,043	4,597,500
Options granted (in shares)						1,173,500	1,575,000
Options exercised (in shares)						(159,477)	(33,436)
Options forfeited (in shares)						(237,528)	(56,668)
Options cancelled (in shares)						(15,101)	(41,353)
Outstanding at end of period (in shares)						6,802,437	6,041,043	4,597,500
Options vested and exercisable at beginning of period (in shares)	3,838,429			4,628,311	3,838,429	3,838,429	2,970,724
Options vested and exercisable at end of period (in shares)						4,628,311	3,838,429	2,970,724
Weighted Average Exercise Price [Abstract]
Outstanding at beginning of period (in dollars per share) \| $ / shares	$ 0.31			$ 0.38	$ 0.31	$ 0.31	$ 0.19
Options granted (in dollars per share) \| $ / shares						0.75	0.68
Options exercised (in dollars per share) \| $ / shares						0.24	0.37
Options forfeited (in dollars per share) \| $ / shares						0.66	0.33
Options cancelled (in dollars per share) \| $ / shares						0.54	0.39
Outstanding at end of period (in dollars per share) \| $ / shares						0.38	0.31	$ 0.19
Options vested and exercisable at beginning of period (in dollars per share) \| $ / shares	$ 0.19			$ 0.24	$ 0.19	0.19	0.17
Options vested and exercisable at end of period (in dollars per share) \| $ / shares						$ 0.24	$ 0.19	$ 0.17
Weighted-Average Remaining Contractual Life [Abstract]
Options vested and exercisable						6 years 9 months 14 days	7 years 7 months 13 days	8 years 5 months 23 days
Aggregate Intrinsic Value [Abstract]
Options outstanding \| $						$ 24,761	$ 2,649	$ 1,162
Options vested and exercisable \| $						$ 18,652	$ 2,146	$ 812

BUSINESS COMBINATION, Summary (FY) (Details)	1 Months Ended	6 Months Ended	12 Months Ended
BUSINESS COMBINATION, Summary (FY) (Details)	Jan. 31, 2021 USD ($) Seller $ / shares shares	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) $ / shares shares	Jun. 30, 2022 $ / shares	Dec. 31, 2020 $ / shares
Business Combination [Abstract]
Common stock, par value (in dollars per share) \| $ / shares			$ 0.0001	$ 0.0001	$ 0.001
Amortization period of software intangible assets			3 years
Beaches Development Group LTD [Member]
Business Combination [Abstract]
Common stock, shares issued (in shares) \| shares	180,972		180,972
Common stock, par value (in dollars per share) \| $ / shares	$ 0.001
Fair value of shares	$ 135,000		$ 135,000
Payments to acquire business	155,000
Restricted stock expense			85,000
Cash price withheld as an indemnity holdback	23,000		$ 23,000
Offset period			12 months
Cash acquired	9,000		$ 9,000
Liabilities assumed	0
Excess from purchase price allocated to software intangible assets	196,000		$ 196,000
Amortization period of software intangible assets			3 years
Amortization expense for next two years	$ 136,000
Acquisition related costs		$ 11,000
Beaches Development Group LTD [Member] \| Sellers [Member]
Business Combination [Abstract]
Common stock, shares issued (in shares) \| shares	67,064
Fair value of shares	$ 50,000
Beaches Development Group LTD [Member] \| Sellers Who Signed Employment Contracts [Member]
Business Combination [Abstract]
Common stock, shares issued (in shares) \| shares	113,908
Number of sellers \| Seller	2
Fair value of shares	$ 85,000
Vesting period for shares	2 years
Beaches Development Group LTD [Member] \| General and Administrative Expense [Member]
Business Combination [Abstract]
Restricted stock expense			$ 67,000
Amortization expense			60,000
Acquisition related costs			$ 11,000
Beaches Development Group LTD [Member] \| Vesting in Year 1 [Member] \| Sellers Who Signed Employment Contracts [Member]
Business Combination [Abstract]
Percent of shares that vest per year	50.00%
Beaches Development Group LTD [Member] \| Vesting in Year 2 [Member]
Business Combination [Abstract]
Number of sellers \| Seller	2
Beaches Development Group LTD [Member] \| Vesting in Year 2 [Member] \| Sellers Who Signed Employment Contracts [Member]
Business Combination [Abstract]
Percent of shares that vest per year	50.00%

ACCRUED EXPENSES AND OTHER LIABILITIES (Q2) (Tables)

6 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

	June 30, 2022	December 31, 2021
Accrued wages, commission and bonus	$611	$805
Accrued expenses	1,390	855
Other liabilities	1,015	57

Related party payable	2	5
	$3,018	$1,722

CONSOLIDATED BALANCE SHEETS (Q2) - USD ($)
$ in Thousands

Jun. 30, 2022

Dec. 31, 2021

^[1]

Current assets:

Cash and cash equivalents

$ 14,179

$ 2,227

Accounts receivable, net

3,597

3,045

Contract assets

324

364

Prepaid expenses and other current assets

2,742

927

Total current assets

20,842

6,563

Property and equipment, net

471

480

Convertible note receivable

250

Total assets

21,563

7,043

Current liabilities:

Accounts payable

3,532

412

Accrued expense and other current liabilities

3,018

1,722

Deferred revenue

427

450

Total current liabilities

6,977

2,584

Senior secured convertible notes, at estimated fair value

9,843

Warrant liabilities, at estimated fair value

1,616

Total liabilities

18,436

2,584

Commitments and Contingencies

Stockholders' Equity

Common stock (par value $0.0001 per share, 300,000,000 authorized at June 30, 2022; 25,290,270 issued and outstanding as of June 30, 2022; (par value $0.0001 per share, 22,764,527 authorized at December 31, 2021; 17,862,108 issued and outstanding as of December 31, 2021;

Additional paid-in-capital

21,825

17,682

Accumulated deficit

(18,701)

(13,225)

Total stockholders' equity

3,127

4,459

Total liabilities and stockholders' equity

$ 21,563

$ 7,043

[1]	Derived from audited consolidated financial statements

PREPAID EXPENSES AND OTHER CURRENT ASSETS - Summary (Q2) (Details) - USD ($)
$ in Thousands

Jun. 30, 2022

Dec. 31, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid insurance

$ 1,865

$ 15

Other prepaid expenses

788

912

Deposits

Total prepaid expenses and other current assets

$ 2,742

$ 927

^[1]

[1]	Derived from audited consolidated financial statements

STOCKHOLDERS' EQUITY, Preferred Stock (FY) (Details) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) shares	Jun. 14, 2022	Dec. 31, 2020 shares
Preferred Stock [Abstract]
Value of preferred stock converted to common stock at the earlier IPO		$ 50,000
Percentage of vote of outstanding preferred stock		63.00%
Preferred stock, conversion ratio		1	1
Preferred stock, dividend declared		$ 0
Series A Preferred Stock [Member]
Preferred Stock [Abstract]
Preferred stock, liquidation preference		$ 11,500
Number of preferred stock issued to various investors (in shares) \| shares		5,088,944		5,088,944
Series B Preferred Stock [Member]
Preferred Stock [Abstract]
Preferred stock, liquidation preference		$ 5,000
Number of preferred stock issued to various investors (in shares) \| shares	4,584,202	4,584,202		4,584,202
Share price per shares (in dollars per share) \| $ / shares	$ 2.51
Proceeds from sale of preferred stock	$ 11,500
Series Seed Preferred Stock [Member]
Preferred Stock [Abstract]
Preferred stock, liquidation preference		$ 2,400
Number of preferred stock issued to various investors (in shares) \| shares		6,911,715		6,911,715

STOCKHOLDERS' EQUITY (FY)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

NOTE 16 – STOCKHOLDERS’ EQUITY

With the consummation of the business combination, Legacy SpringBig. issued and outstanding shares were converted into shares of SpringBig common stock as follows:

	Legacy SpringBig	Conversion Rate	SpringBig
Series B Preferred	4,585,202	0.59289	2,718,520
Series A Preferred	5,088,944	0.59289	3,017,184
Series Seed Preferred	6,911,715	0.59289	4,097,887
Common Stock	14,105,371	0.59289	8,362,935
	30,691,232		18,196,526

Sponsor Escrow Agreement

Contingent and Earnout Shares

a.	7,000,000 contingent shares if the closing price of the Company’s common stock equals or exceeds $12.00 per share on any twenty (20) trading days in a thirty (30)-trading day period at any time after the Closing Date and no later than 60 months following the Closing Date;

b.	2,250,000 contingent shares if the closing price of the Company’s common stock equals or exceeds $15.00 per share on any twenty (20) trading days in a thirty (30)-trading day period at any time after the Closing Date and no later than 60 months following the Closing Date; and

c.	1,250,000 contingent shares if the closing price of the Company’s common stock equals or exceeds $18.00 per share on any twenty (20) trading days in a thirty (30)-trading day period at any time after the Closing Date and no later than 60 months following the Closing Date.

NOTE 10 – STOCKHOLDERS’ EQUITY

Preferred Stock

Common Stock

Shares of Common Stock under Equity Incentive Plan

- Definition

+ References

+ Details

ACCRUED EXPENSES AND OTHER LIABILITIES - Summary (Q2) (Details) - USD ($)
$ in Thousands

Jun. 30, 2022

Dec. 31, 2021

Dec. 31, 2020

Payables and Accruals [Abstract]

Accrued wages, commission and bonus

$ 611

$ 805

$ 360

Other liabilities

1,390

855

Other liabilities

1,015

$ 39

Related party payable

Accrued expense and other current liabilities

$ 3,018

$ 1,722

^[1]

[1]	Derived from audited consolidated financial statements

BENEFIT PLAN (FY)	6 Months Ended	12 Months Ended
BENEFIT PLAN (FY)	Jun. 30, 2022	Dec. 31, 2021
BENEFIT PLAN [Abstract]
BENEFIT PLAN	NOTE 18 – BENEFIT PLAN The Company maintains a safe harbor 401(k) retirement plan for the benefit of its employees. The plan allows participants to make contributions subject to certain limitations. Company matching contributions were $68,000 and $54,000 for the three months ended June 30, 2022 and 2021, respectively, and $117,000 and $106,000 for the six months ended June 30, 2022 and 2021, respectively.	NOTE 12 – BENEFIT PLAN The Company maintains a safe harbor 401(k) retirement plan for the benefit of its employees. The plan allows participants to make contributions subject to certain limitations. Company matching contributions were $239,000 and $154,000 for the twelve months ended December 31, 2021 and 2020, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS (FY) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (5,750)	$ (1,598)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	173	19
Stock-based compensation expense	595	179
Forgiveness of PPP loan	(781)	0
Changes in operating assets and liabilities:
Accounts receivable	(1,903)	(323)
Related party receivable	77	(43)
Prepaid expenses and other current assets	(720)	(80)
Contract assets	(98)	(107)
Deposits and other assets	(20)	(22)
Accounts payable and other liabilities	704	721
Related party payable	(51)	11
Contract liabilities	(110)	237
Net cash used in operating activities	(7,884)	(1,006)
Cash flows from investing activities:
Business combination, net of cash acquired	(122)	0
Purchases of property and equipment	(252)	(195)
Net cash used in investing activities	(374)	(195)
Cash flows from financing activities:
Proceeds from PPP loan	0	781
Proceeds from issuance of common stock	0	11,500
Repurchase of common stock	0	(3,268)
Proceeds from exercise of stock options, net	38	12
Net cash provided by financing activities	38	9,025
Net increase (decrease) in cash and cash equivalents	(8,220)	7,824
Cash and cash equivalents at beginning of period	10,447	2,623
Cash and cash equivalents at end of period	2,227	10,447
Supplemental disclosure of non-cash financing activities
Issue of common stock for business combination	50	0
Indemnity holdback for business combination	$ 23	$ 0

BUSINESS COMBINATION - Beaches Development Group Ltd Narrative (Q2) (Details)		1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 14, 2022 USD ($)	Jan. 31, 2021 USD ($) seller $ / shares shares	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) shares
Business Acquisition [Line Items]
Recapitalization exchange ratio	0.59289
Issue of common stock for business combination					$ 0	$ 50,000
Share-based compensation expense			$ 1,000,000.0	$ 119,000	1,200,000	237,000
Cost associated with the early vesting	$ 924,000
Beaches Development Group LTD
Business Acquisition [Line Items]
Business combination number of shares issued in acquisition (in shares) \| shares		180,972					180,972
Business acquisition, share price (dollars per share) \| $ / shares		$ 0.0001
Issue of common stock for business combination		$ 135,000					$ 136,000
Payments to acquire business		$ 155,000
Number of sellers \| seller		2
Cost associated with the early vesting				14,000		14,000
Indemnity holdback		$ 23,000
Cash acquired		$ 9,000					$ 9,000
Incurred costs related to acquisition						11,000
Beaches Development Group LTD \| Beaches Development Group LTD - Sellers
Business Acquisition [Line Items]
Business combination number of shares issued in acquisition (in shares) \| shares		107,297
Issue of common stock for business combination		$ 50,000
Beaches Development Group LTD \| Beaches Development Group LTD - Sellers Who Entered Into Employment Contracts
Business Acquisition [Line Items]
Business combination number of shares issued in acquisition (in shares) \| shares		39,762
Beaches Development Group LTD \| Intangibles (Software)
Business Acquisition [Line Items]
Intangible assets acquired		$ 196,000
Intangible assets amortized period		3 years
Incurred amortization expense			16,000		32,000
Remaining carrying amount			104,000		104,000
Beaches Development Group LTD \| Restricted Stock
Business Acquisition [Line Items]
Share-based compensation expense			$ 18,000	$ 16,000	$ 27,000	$ 27,000
Beaches Development Group LTD \| Restricted Stock \| Beaches Development Group LTD - Sellers Who Entered Into Employment Contracts
Business Acquisition [Line Items]
Business combination number of shares issued in acquisition (in shares) \| shares		67,535
Issue of common stock for business combination		$ 85,000
Award vesting period		2 years
Beaches Development Group LTD \| Restricted Stock \| Tranche One \| Beaches Development Group LTD - Sellers Who Entered Into Employment Contracts
Business Acquisition [Line Items]
Award vesting rights percentage		50.00%
Beaches Development Group LTD \| Restricted Stock \| Tranche Two \| Beaches Development Group LTD - Sellers Who Entered Into Employment Contracts
Business Acquisition [Line Items]
Award vesting rights percentage		50.00%

CONSOLIDATED STATEMENTS OF CASH FLOWS (Q2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net loss	$ (2,611)	$ (1,454)	$ (5,476)	$ (2,572)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	64	6	123	12
Stock-based compensation expense	1,045	119	1,226	237
Changes in operating assets and liabilities:
Accounts receivable	(952)	(349)	(552)	(459)
Prepaid expenses and other current assets	(1,362)	(175)	(1,815)	(181)
Contract assets	(21)	(14)	40	(22)
Accounts payable and other liabilities	4,322	538	4,416	455
Contract liabilities	(58)	28	(23)	78
Net cash used in operating activities	(2,464)	(1,301)	(4,952)	(2,452)
Cash flows from investing activities:
Business combination, net of cash acquired			0	(122)
Purchase of convertible note	(250)	0	(250)	0
Purchases of property and equipment	(40)	(153)	(113)	(195)
Net cash used in investing activities	(290)	(153)	(363)	(317)
Cash flows from financing activities:
Business combination, net of issuing cost	10,096	0	10,185	0
Proceeds from convertible notes			7,000	0
Proceeds from exercise of stock options, net	76	0	82	0
Net cash provided by financing activities	10,172	0	17,267	0
Net increase (decrease) in cash and cash equivalents	7,418	(1,454)	11,952	(2,769)
Cash and cash equivalents at beginning of period	6,761	9,132	2,227	10,447
Cash and cash equivalents at end of period	14,179	7,678	14,179	7,678
Supplemental disclosure of non-cash financing activities
Issue of common stock for business combination			0	50
Indemnity holdback for business combination	0	23	0	23
Conversion of convertible note and outstanding interest into common stock	7,305	0	7,305	0
Warrant assumed in business combination at estimate fair value	4,496	0	4,496	0
Convertible Notes Payable
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value	(11)	0	(11)	0
Shares subject to warrants stock conversion
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value	$ (2,880)	$ 0	$ (2,880)	$ 0

ACCOUNTS RECEIVABLE (FY)

12 Months Ended

Dec. 31, 2021

ACCOUNTS RECEIVABLE [Abstract]

ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

Accounts receivable, net consisted of the following as of:

	December 31,
	2021	2020
Accounts receivable	$2,533	$1,027
Unbilled receivables	809	264
	3,342	1,291
Less allowance for doubtful accounts	(297)	(150)
Accounts receivable, net	$3,045	$1,141

Bad debt expense was $216,000 and $297,000 for the twelve months ended December 31, 2021 and 2020, respectively.

PROPERTY AND EQUIPMENT (Q2) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

PROPERTY AND EQUIPMENT [Abstract]

Schedule of Property and Equipment

Property and equipment consist of the following (in thousands):

	June 30, 2022	December 31, 2021
Computer equipment	$308	$225
Data warehouse	286	256
Software	196	196
	790	677
Less accumulated depreciation and amortization	(319)	(197)
Property and Equipment	$471	$480

Property and equipment consist of the following as of December 31, 2021 and 2020:

	December 31,
	2021	2020
Computer equipment	$225	$83
Data warehouse	256	145
Software	196	—
	677	228
Less accumulated depreciation and amortization	(197)	(23)
Property and Equipment	$480	$205

REVENUE RECOGNITION - Narrative (Q2) (Details) - Geographic Concentration Risk - United States	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	97.00%	100.00%		100.00%
Long-Lived Assets
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	75.00%		99.00%	100.00%

COMMITMENTS AND CONTINGENCIES - Narrative (Q2) (Details) - USD ($)		3 Months Ended		6 Months Ended
	Jun. 14, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Commitments [Line Items]
Rent payment		$ 233,000	$ 153,000	$ 421,000	$ 298,000
Mr. Harris, CEO
Other Commitments [Line Items]
Officers compensation				$ 450,000
Incentive opportunity, percent of base salary (up to)		137.50%		137.50%
Bonus amount	$ 300,000
Mr. Sykes, CFO
Other Commitments [Line Items]
Officers compensation				$ 350,000
Incentive opportunity, percent of base salary (up to)		100.00%		100.00%
Bonus amount	$ 250,000
Minimum
Other Commitments [Line Items]
Monthly rent expense				$ 2,900
Maximum
Other Commitments [Line Items]
Monthly rent expense				$ 11,000

15% CONVERTIBLE PROMISSORY NOTES (Q2)	6 Months Ended	12 Months Ended
15% CONVERTIBLE PROMISSORY NOTES (Q2)	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
15% CONVERTIBLE PROMISSORY NOTES	NOTE 9 – 15% CONVERTIBLE PROMISSORY NOTES In February 2022, the Company issued $7.0 million in aggregate principal amount of convertible promissory notes due September 30, 2022 (the “Convertible Notes”). The Convertible Notes accrued interest at the rate of 15.0% per annum on the principal amount of the Convertible Notes, due and payable at the maturity date of September 30, 2022 (the “Maturity Date”), if not converted prior to the maturity date. Under the terms of such notes, the conversion of the Convertible Notes could be triggered by the closing of the business combination between Tuatara and Legacy SpringBig, the occurrence of the stated maturity date, or in connection with certain equity issuances. The Convertible Notes contained customary events of default such as failures to observe or perform any covenants, obligation, condition or agreement contained in the Convertible Notes and commencement of bankruptcy. In connection with the consummation of the business combination, the Convertible Notes and outstanding accrued interest converted in full into 730,493 of common stock at a price of $10.00 per share, representing repayment of principal of $7.0 million and outstanding interest of $305,000, in accordance with the terms of the Convertible Notes. The Company recorded $216,000 and $305,000 of interest expense on the Convertible Notes for the three months ended and six months ended June 30, 2022, respectively. NOTE 10 – SENIOR SECURED CONVERTIBLE NOTES In connection with the business combination, on June 14, 2022, the Company issued $11.0 million in aggregate principal amount of Senior Secured Original Issue Discount Convertible Note, due June 14, 2024 (the “Secured Convertible Notes”), issued at a discount of $1.0 million, with proceeds of $10.0 million received on the Closing Date. The Secured Convertible Notes accrue interest at the rate of 6.0% per annum which is payable quarterly in arrears, commencing six months after issuance, which may be settled in cash. The Company may, at its option, satisfy each principal payment either in cash or, if certain conditions set forth in the Secured Convertible Notes are met, by issuing a number of shares of common stock equal to the amount due on such date divided by the lower of (i) the number of shares determined based on at a rate of $12.00 per share or (ii) 93% of the volume-weighted average price prior to such monthly payment date. The issuance of the Secured Convertible Notes allows up to $16.0 million principal amount to be issued which has been subscribed for by a global institutional investor. The initial tranche of $11.0 million closed in connection with the closing of the merger. The second tranche of $5.0 million, subject to certain conditions in the agreement, will close 60 days after a resale registration statement regarding the common stock underlying the Secured Convertible Notes and Convertible Warrants (defined below) is declared effective by the SEC, or at such other time as is determined by the Company and the investor, subject to certain conditions. A warrant representing 586,980 shares of common stock of the Company (the “Convertible Warrant”) was also issued in a private placement with the purchaser party thereto. The Convertible Warrant is exercisable for shares of the Company’s common stock at an exercise price of $12.00 per share, subject to certain anti-dilution adjustments. The Note is convertible at the option of the holder beginning at the earlier of (i) the date of effectiveness of a registration statement as contemplated in that certain Registration Rights Agreement entered into between the Company and the purchaser party thereto or (ii) June 14, 2023 at an initial conversion share price of $12.00 per share. The Secured Convertible Notes are secured against substantially all the assets of the Company and each material subsidiary, including Legacy SpringBig. The Secured Convertible Notes include restrictive covenants that, among other things, limit the ability of the Company to incur additional indebtedness and guarantee indebtedness; incur liens or allow mortgages or other encumbrances; prepay, redeem, or repurchase certain other debt; pay dividends or make other distributions or repurchase or redeem our capital stock; sell assets or enter into or effect certain other transactions (including a reorganization, consolidation, dissolution or similar transaction or selling, leasing, licensing, transferring or otherwise disposing of assets of the Company or its subsidiaries); issue additional equity (outside of the equity facility with Cantor, issuances under our equity compensation plan and other limited exceptions); enter into variable rate transactions (exclusive of the equity facility with Cantor); and adopt certain amendments to our governing documents, among other restrictions. The Notes also contains customary events of default. The Company determined that the Secured Convertible Notes meet the variable share obligations requirements under ASC 480, Distinguishing Liabilities From Equity, as a result is classified as a liability measured at fair value, with changes in fair value recognized in earnings. The Company adopted ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and elected to carry the Secured Convertible Notes at fair value. The fair value is determined in accordance with ASC 820, Fair Value Measurement. See Note 15, Fair Value Measurements, to the accompanying consolidated financial statements for further information. At June 30, 2022, the outstanding principal of the Secured Convertible Notes was $11.0 million with a carrying value of $9.8 million, net of discount of $1.2 million. The Company recorded a change in fair value gain of approximately $11,000 for the three and six months ended June 30, 2022, the amount is included in the statement of operations for the period ended.	NOTE 7 – PAYCHECK PROTECTION PROGRAM LOAN The Company received $781,000 from a Paycheck Protection Program (“PPP”) loan on May 1, 2020, through the Small Business Administration (“SBA”) that was made available under the CARES Act in response to the COVID-19 pandemic. On August 11, 2021 the Company received full forgiveness for the PPP loan. The income from forgiveness is included on the consolidated statements of operations for the year ended December 31, 2021.

- Definition

+ References

+ Details

STOCKHOLDERS' EQUITY - Conversions of Stock (Q2) (Details)	Jun. 30, 2022 shares	Jun. 14, 2022 shares	Dec. 31, 2021 shares	Jun. 30, 2021 shares	Dec. 31, 2020 shares	Aug. 31, 2020 shares
Class of Stock [Line Items]
Recapitalization exchange ratio		0.59289
Common stock, shares, issued (in shares)	25,290,270	25,290,270	17,862,108	17,767,555	13,200,875
Common stock, shares, outstanding (in shares)	25,290,270	25,290,270	17,862,108	17,767,555	13,200,875
Legacy SpringBig shareholders
Class of Stock [Line Items]
Common stock, shares, issued (in shares)		8,362,935
Common stock, shares, outstanding (in shares)		8,362,935
Common and referred stock, issued (in shares)		18,196,526
Common and referred stock, outstanding (in shares)		18,196,526
Series B Preferred
Class of Stock [Line Items]
Recapitalization exchange ratio		0.59289
Preferred stock, shares issued (in shares)			4,584,202		4,584,202	4,584,202
Preferred stock, shares outstanding (in shares)			4,584,202		4,584,202
Series B Preferred \| Legacy SpringBig shareholders
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)		2,718,520
Preferred stock, shares outstanding (in shares)		2,718,520
Series A Preferred
Class of Stock [Line Items]
Recapitalization exchange ratio		0.59289
Preferred stock, shares issued (in shares)			5,088,944		5,088,944
Preferred stock, shares outstanding (in shares)			5,088,944		5,088,944
Series A Preferred \| Legacy SpringBig shareholders
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)		3,017,184
Preferred stock, shares outstanding (in shares)		3,017,184
Series Seed Preferred
Class of Stock [Line Items]
Recapitalization exchange ratio		0.59289
Preferred stock, shares issued (in shares)			6,911,715		6,911,715
Preferred stock, shares outstanding (in shares)			6,911,715		6,911,715
Series Seed Preferred \| Legacy SpringBig shareholders
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)		4,097,887
Preferred stock, shares outstanding (in shares)		4,097,887
SpringBig
Class of Stock [Line Items]
Common stock, shares, issued (in shares)		14,105,371
Common stock, shares, outstanding (in shares)		14,105,371
Common and referred stock, issued (in shares)		30,691,232
Common and referred stock, outstanding (in shares)		30,691,232
SpringBig \| Series B Preferred
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)		4,585,202
Preferred stock, shares outstanding (in shares)		4,585,202
SpringBig \| Series A Preferred
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)		5,088,944
Preferred stock, shares outstanding (in shares)		5,088,944
SpringBig \| Series Seed Preferred
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)		6,911,715
Preferred stock, shares outstanding (in shares)		6,911,715

PROPERTY AND EQUIPMENT (FY) (Details) - USD ($)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Dec. 31, 2020

Property, and Equipment [Abstract]

Property and equipment gross

$ 677,000

$ 228,000

Less accumulated depreciation and amortization

$ (319,000)

(197,000)

(23,000)

Property and Equipment

$ 471,000

480,000

^[1]

205,000

Useful life

3 years

General and Administrative Expense [Member]

Property, and Equipment [Abstract]

Depreciation and amortization expense

173,000

19,000

Computer Equipment [Member}

Property, and Equipment [Abstract]

Property and equipment gross

$ 225,000

83,000

Useful life

3 years

Data Warehouse [Member]

Property, and Equipment [Abstract]

Property and equipment gross

$ 256,000

145,000

Useful life

3 years

Software [Member]

Property, and Equipment [Abstract]

Property and equipment gross

$ 196,000

$ 0

Useful life

3 years

[1]	Derived from audited consolidated financial statements

REVENUE RECOGNITION, Contract Asset and Contract Liability (FY) (Details) - USD ($)
$ in Thousands

Jun. 30, 2022

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Contract Assets [Abstract]

Deferred sales commissions

$ 364

$ 266

Contract Liabilities [Abstract]

Deferred revenue retail

231

468

Deferred set-up revenues

101

Deferred brands

118

Contract liabilities

$ 427

$ 450

^[1]

$ 560

$ 323

[1]	Derived from audited consolidated financial statements

SENIOR SECURED CONVERTIBLE NOTES (Q2) (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 14, 2022

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Dec. 31, 2021

^[1]

Debt Instrument [Line Items]

Proceeds from convertible notes

$ 7,000

$ 0

Senior secured convertible note

$ 9,843

9,843

$ 0

Convertible Notes Payable

Debt Instrument [Line Items]

Change in fair value

(11)

$ 0

(11)

$ 0

Senior secured convertible note

Debt Instrument [Line Items]

Conversion price per share (in shares)

$ 12.00

Volume-weighted average price

93.00%

Warrants outstanding (in shares)

586,980

Exercise price of warrants (in dollars per share)

$ 12.00

Convertible Notes Payable

Debt Instrument [Line Items]

Proceeds from convertible notes

$ 10,000

Senior Secured Original Issue Discount Convertible Note | Convertible Notes Payable

Debt Instrument [Line Items]

Aggregate principal amount

$ 16,000

Discount issued on convertible notes

1,200

Conversion price (dollars per share)

$ 12.00

Carrying value

$ 11,000

Tranche One | Convertible Notes Payable

Debt Instrument [Line Items]

Aggregate principal amount

$ 11,000

Discount issued on convertible notes

$ 1,000

Interest rate

6.00%

Interest payment grace period

6 months

Tranche Two | Convertible Notes Payable

Debt Instrument [Line Items]

Aggregate principal amount

$ 5,000

Term of closure of agreement

60 days

[1]	Derived from audited consolidated financial statements

STOCK BASED COMPENSATION - Narrative (Q2) (Details) - USD ($)		3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 14, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
STOCK BASED COMPENSATION [Abstract]
Common stock, capital shares reserved for future issuance (in shares)		1,525,175		1,525,175
Percentage of amount of shares of common stock				5.00%
Share-based compensation expense		$ 1,000,000.0	$ 119,000	$ 1,200,000	$ 237,000
Intrinsic value of options exercised				3,300,000	$ 0	$ 81,000	$ 13,000
Unvested options (in shares)	192,689
Cost associated with the early vesting	$ 924,000
Cost not yet recognized		$ 173,000		$ 173,000
Recognition period				3 years
Post closing expense (cash paid or accrued for expenses by Legacy SpringBig)	(8,604,000)
Net cash after closing	$ 10,185,000

BUSINESS COMBINATION - Reverse Merger Narrative (Q2) (Details)		1 Months Ended	6 Months Ended
	Jun. 14, 2022 USD ($) $ / shares shares	Feb. 28, 2022 USD ($) shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($) shares	Apr. 29, 2022 USD ($) $ / shares	Dec. 31, 2021 shares	Dec. 31, 2020 shares
Schedule Of Reverse Recapitalization [Line Items]
Common stock, shares, outstanding (in shares) \| shares	25,290,270		25,290,270	17,767,555		17,862,108	13,200,875
Payment to redeeming stockholders	$ 191,437,817
Net proceeds from reverse recapitalization transaction	18,789,000
Gross proceeds available at closing	25,135,000
Amount available after paying TCAC redeeming stockholders	8,771,000
Proceeds from PIPE Financing	$ 6,100,000
Proceeds from convertible notes			$ 7,000,000	$ 0
Recapitalization exchange ratio	0.59289
Stock Election Shareholders
Schedule Of Reverse Recapitalization [Line Items]
Common stock, shares, outstanding (in shares) \| shares	19,123,806
Stock redeemed during period, price per share (in dollars per share) \| $ / shares	$ 10.01
TCAC non-redeeming shareholders
Schedule Of Reverse Recapitalization [Line Items]
Additional shares issued (in shares) \| shares	876,194
Issue of common stock (in shares) \| shares	1,752,388
CF Principal Investments LLC
Schedule Of Reverse Recapitalization [Line Items]
Stock sale program, authorized amount					$ 50,000,000.0
Sale of stock, price per share (dollars per share) \| $ / shares					$ 0.0001
PIPE Investors
Schedule Of Reverse Recapitalization [Line Items]
Issue of common stock (in shares) \| shares	1,341,356
Convertible Notes Payable
Schedule Of Reverse Recapitalization [Line Items]
Proceeds from convertible notes	$ 10,000,000
Accrued interest payable, current		$ 305,000
15.00% Convertible Notes \| Convertible Notes Payable
Schedule Of Reverse Recapitalization [Line Items]
Issue of common stock (in shares) \| shares		730,493
Aggregate principal amount		$ 7,000,000.0
Interest rate		15.00%
Repayments of debt		$ 7,000,000.0

INCOME TAXES (Q2)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

INCOME TAXES [Abstract]

INCOME TAXES

NOTE 19 – INCOME TAXES

In determining quarterly provisions for income taxes, the Company uses the annual estimated effective tax rate applied to the actual year-to-date profit or loss, adjusted for discrete items arising in that quarter. The Company’s annual estimated effective tax rate differs from the U.S. federal statutory rate primarily as a result of state taxes, foreign taxes, and changes in the Company’s valuation allowance against its deferred tax assets. For the three and six months ended June 30, 2022, the Company recorded an immaterial provision for income taxes.

NOTE 13 – INCOME TAXES

The provision (benefit) for income taxes consist of the following, (in thousands):

	December 31
	2021	2020
Provision (benefit) for income taxes
Current
Federal	$—	$—
State	1	—
International	1	—
	$2	$—

U.S. and foreign components of loss from operations before income taxes were as follows (in thousands):

The Company’s actual provision (benefit) for income taxes from operations differ from the federal expected income tax provision as follows (in thousands):

	December 31, 2021		December 31, 2020
	Amount	Rate	Amount	Rate
U.S. federal income tax provision (benefit) at statutory rate	$(1,207)	21%	$(336)	21%
Increase (decrease) in taxes resulting from:
State income tax expense	1	—	—	—
Foreign income and losses taxed at different rates	(51)	1%	—	—
Change in valuation allowance	1,620	(28)%	401	(25)%
Paycheck protection program forgiveness	(165)	3%	—	—
Non-deductible or non-taxable items	(194)	3%	(65)	4%
Effect of income tax rate changes on deferred items	(2)	—	—	—
Provision (benefit) for income taxes	$2	—	$—	—

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. In assessing the realizability of deferred tax assets, Management evaluates whether it is more likely than not that some portion or all the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on Management’s evaluation, the net deferred tax asset was offset by a full valuation allowance as of December 31, 2021 and 2020, respectively. The deferred tax asset valuation allowance will be reversed if and when the Company generates sufficient taxable income in the future to utilize the tax benefits of the related deferred tax assets.

The tax effects of temporary difference that give rise to a significant portion of deferred tax assets and tax liabilities for the year ended December 31, 2021 and 2020 are as follows (in thousands):

	December 31
	2021	2020
Deferred tax assets:
Accrued expenses and other liabilities	76	42
Property and equipment, net	—	112
Net operating loss	3,402	1,464
Stock-based compensation	132	147
Total gross deferred tax assets	3,610	1,765
Less: valuation allowance	(3,385)	(1,765)
Total deferred tax assets	225	—
Deferred tax liabilities:
Prepaid expenses and other assets	(191)	—
Property and equipment, net	(34)	—
Total deferred tax liabilities	(225)	—
Net deferred income tax asset (liability)	—	—

The Company has incurred significant losses in recent periods. As a result, we maintained valuation allowances against our domestic and foreign deferred tax assets as of December 31, 2021 and 2020, to reduce their carrying values to amounts that are realizable either through future reversals of existing taxable temporary differences or through taxable income in carryback years for the applicable jurisdictions.

At December 31, 2021, the Company has federal net operating loss available to carryforward of approximately $12.1 million which will be carried forward indefinitely.

The Company has state net and foreign operating loss available to carryforward of approximately $13.5 million and $930,000, respectively, which begin expiring in 2030 and 2037, respectively, as of December 31, 2021.

The Company has evaluated its tax positions for any uncertainties based on the technical merits of the positions taken. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be upheld on examination by taxing authorities. The Company has analyzed the tax positions taken and has concluded that as of December 31, 2021 and 2020, there are no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the financial statements.

The Company accrues interest and penalties arising on the underpayment of taxes if the full benefit of a tax position is not recognized in the financial statements. In accordance with ASC 740, Accounting for Income Taxes, interest and penalties are recorded as income tax expense. There have been no penalties or interest paid or incurred during the twelve months ended December 31, 2021 and 2020, respectively.

Management is required to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions, including federal and certain state taxing authorities. As of and for the twelve months ended December 31, 2021 and 2020, the Company did not have a liability for any unrecognized taxes. The Company has no examinations in progress and is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax liabilities will significantly change in the next twelve months. The Company’s 2018 through 2020 tax years are open for examination for federal and state taxing authorities.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

STOCKHOLDERS' EQUITY, Shares of Common Stock under Equity Incentive Plan (FY) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Shares of Common Stock under Equity Incentive Plan [Abstract]
Common stock reserved for issuance (in shares)	1,525,175		1,525,175
Proceeds from stock options exercised	$ 76,000	$ 0	$ 82,000	$ 0	$ 38,000	$ 12,000
Stock Options [Member]
Shares of Common Stock under Equity Incentive Plan [Abstract]
Number of stock option awards granted (in shares)					1,173,500	1,575,000
Exercise of stock options (in shares)					159,477	33,436
Equity Incentive Plan [Member] \| Stock Options [Member]
Shares of Common Stock under Equity Incentive Plan [Abstract]
Common stock reserved for issuance (in shares)					7,195,584
Number of stock option awards granted (in shares)					7,065,350
Stock options outstanding and expected to vest, number of shares (in shares)					4,628,311
Exercise of stock options (in shares)					159,477	33,436
Stock options exercised to date (in shares)					192,913
Stock options are subject to vesting (in shares)					2,174,126
Remaining common stock reserved for future issuance (in shares)					130,234
Proceeds from stock options exercised					$ 38,000	$ 12,000

SUBSEQUENT EVENTS (FY) (Details) - Subsequent Event [Member] $ in Millions	Feb. 25, 2022 USD ($) Shareholder
Disclosure Text Block Supplement [Abstract]
Number of existing shareholders \| Shareholder	2
Amount of convertible notes payable \| $	$ 7.0

FAIR VALUE MEASUREMENTS - Changes in Fair Value (Q2) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 0
Assumed in business combination	4,496
Change in fair value	(2,880)
Ending balance	1,616
Senior secured convertible note
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0
Assumed in business combination	11,000
Valuation adjustment at business combination	(1,146)
Change in fair value	(11)
Ending balance	$ 9,843

PAYCHECK PROTECTION PROGRAM LOAN (FY)	6 Months Ended	12 Months Ended
PAYCHECK PROTECTION PROGRAM LOAN (FY)	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
PAYCHECK PROTECTION PROGRAM LOAN	NOTE 9 – 15% CONVERTIBLE PROMISSORY NOTES In February 2022, the Company issued $7.0 million in aggregate principal amount of convertible promissory notes due September 30, 2022 (the “Convertible Notes”). The Convertible Notes accrued interest at the rate of 15.0% per annum on the principal amount of the Convertible Notes, due and payable at the maturity date of September 30, 2022 (the “Maturity Date”), if not converted prior to the maturity date. Under the terms of such notes, the conversion of the Convertible Notes could be triggered by the closing of the business combination between Tuatara and Legacy SpringBig, the occurrence of the stated maturity date, or in connection with certain equity issuances. The Convertible Notes contained customary events of default such as failures to observe or perform any covenants, obligation, condition or agreement contained in the Convertible Notes and commencement of bankruptcy. In connection with the consummation of the business combination, the Convertible Notes and outstanding accrued interest converted in full into 730,493 of common stock at a price of $10.00 per share, representing repayment of principal of $7.0 million and outstanding interest of $305,000, in accordance with the terms of the Convertible Notes. The Company recorded $216,000 and $305,000 of interest expense on the Convertible Notes for the three months ended and six months ended June 30, 2022, respectively. NOTE 10 – SENIOR SECURED CONVERTIBLE NOTES In connection with the business combination, on June 14, 2022, the Company issued $11.0 million in aggregate principal amount of Senior Secured Original Issue Discount Convertible Note, due June 14, 2024 (the “Secured Convertible Notes”), issued at a discount of $1.0 million, with proceeds of $10.0 million received on the Closing Date. The Secured Convertible Notes accrue interest at the rate of 6.0% per annum which is payable quarterly in arrears, commencing six months after issuance, which may be settled in cash. The Company may, at its option, satisfy each principal payment either in cash or, if certain conditions set forth in the Secured Convertible Notes are met, by issuing a number of shares of common stock equal to the amount due on such date divided by the lower of (i) the number of shares determined based on at a rate of $12.00 per share or (ii) 93% of the volume-weighted average price prior to such monthly payment date. The issuance of the Secured Convertible Notes allows up to $16.0 million principal amount to be issued which has been subscribed for by a global institutional investor. The initial tranche of $11.0 million closed in connection with the closing of the merger. The second tranche of $5.0 million, subject to certain conditions in the agreement, will close 60 days after a resale registration statement regarding the common stock underlying the Secured Convertible Notes and Convertible Warrants (defined below) is declared effective by the SEC, or at such other time as is determined by the Company and the investor, subject to certain conditions. A warrant representing 586,980 shares of common stock of the Company (the “Convertible Warrant”) was also issued in a private placement with the purchaser party thereto. The Convertible Warrant is exercisable for shares of the Company’s common stock at an exercise price of $12.00 per share, subject to certain anti-dilution adjustments. The Note is convertible at the option of the holder beginning at the earlier of (i) the date of effectiveness of a registration statement as contemplated in that certain Registration Rights Agreement entered into between the Company and the purchaser party thereto or (ii) June 14, 2023 at an initial conversion share price of $12.00 per share. The Secured Convertible Notes are secured against substantially all the assets of the Company and each material subsidiary, including Legacy SpringBig. The Secured Convertible Notes include restrictive covenants that, among other things, limit the ability of the Company to incur additional indebtedness and guarantee indebtedness; incur liens or allow mortgages or other encumbrances; prepay, redeem, or repurchase certain other debt; pay dividends or make other distributions or repurchase or redeem our capital stock; sell assets or enter into or effect certain other transactions (including a reorganization, consolidation, dissolution or similar transaction or selling, leasing, licensing, transferring or otherwise disposing of assets of the Company or its subsidiaries); issue additional equity (outside of the equity facility with Cantor, issuances under our equity compensation plan and other limited exceptions); enter into variable rate transactions (exclusive of the equity facility with Cantor); and adopt certain amendments to our governing documents, among other restrictions. The Notes also contains customary events of default. The Company determined that the Secured Convertible Notes meet the variable share obligations requirements under ASC 480, Distinguishing Liabilities From Equity, as a result is classified as a liability measured at fair value, with changes in fair value recognized in earnings. The Company adopted ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and elected to carry the Secured Convertible Notes at fair value. The fair value is determined in accordance with ASC 820, Fair Value Measurement. See Note 15, Fair Value Measurements, to the accompanying consolidated financial statements for further information. At June 30, 2022, the outstanding principal of the Secured Convertible Notes was $11.0 million with a carrying value of $9.8 million, net of discount of $1.2 million. The Company recorded a change in fair value gain of approximately $11,000 for the three and six months ended June 30, 2022, the amount is included in the statement of operations for the period ended.	NOTE 7 – PAYCHECK PROTECTION PROGRAM LOAN The Company received $781,000 from a Paycheck Protection Program (“PPP”) loan on May 1, 2020, through the Small Business Administration (“SBA”) that was made available under the CARES Act in response to the COVID-19 pandemic. On August 11, 2021 the Company received full forgiveness for the PPP loan. The income from forgiveness is included on the consolidated statements of operations for the year ended December 31, 2021.

- Definition

+ References

+ Details

WARRANT LIABILITIES (Q2)	6 Months Ended
WARRANT LIABILITIES (Q2)	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
WARRANT LIABILITIES	NOTE 11 – WARRANT LIABILITIES Prior to the business combination, at the time of their initial public offering, TCAC issued warrants to purchase 10,000,000 Class A ordinary shares at a price of $11.50 per whole share, for aggregate consideration of $10.0 million as part of the units offered by the prospectus and, simultaneously with the closing of their initial public offering, issued in a private placement an aggregate of 6,000,000 private placement warrants for aggregate consideration of $6.0 million, each exercisable to purchase one Class A ordinary share at a price of $11.50 per share. The Company accounts for the warrants in accordance with the guidance contained in ASC 815 Derivatives and Hedging, under which the warrants do not meet the criteria for equity treatment and hence recorded as liabilities. Accordingly, we classify the warrants as liabilities at their fair value and adjust the warrants to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in our statement of operations. At June 30, 2022, the estimated fair value of the warrants is $1.6 million. The Company recorded a change in fair value gain of approximately $2.9 million for the three and six months ended June 30, 2022, the amount is included in the statements of operations for the periods then ended. The fair value is determined in accordance with ASC 820, Fair Value Measurement. See Note 15, Fair Value Measurements, to the accompanying consolidated financial statements for further information.

DESCRIPTION OF BUSINESS (Q2) (Details) $ / shares in Units, $ in Thousands		6 Months Ended
	Jun. 14, 2022 USD ($)	Jun. 30, 2022 USD ($) subsidiary	Jun. 30, 2021 USD ($)	Apr. 29, 2022 USD ($) $ / shares	Feb. 28, 2022 USD ($)
Business Acquisition [Line Items]
Number of subsidiaries \| subsidiary		1
Recapitalization exchange ratio	0.59289
Net proceeds from reverse recapitalization transaction	$ 18,789
Gross proceeds available at closing	25,135
Amount available after paying TCAC redeeming stockholders	8,771
Proceeds from PIPE Financing	6,100
Proceeds from convertible notes		$ 7,000	$ 0
Payment of cash and noncash expenses	8,604
Net cash after closing	10,185
CF Principal Investments LLC
Business Acquisition [Line Items]
Stock sale program, authorized amount				$ 50,000
Sale of stock, price per share (dollars per share) \| $ / shares				$ 0.0001
Convertible Notes Payable
Business Acquisition [Line Items]
Proceeds from convertible notes	10,000
Convertible Notes Payable \| 15.00% Convertible Notes
Business Acquisition [Line Items]
Aggregate principal amount					$ 7,000
Interest rate					15.00%
Convertible Notes Payable \| Tranche One
Business Acquisition [Line Items]
Aggregate principal amount	$ 11,000
Interest rate	6.00%

REVENUE RECOGNITION (FY)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

REVENUE RECOGNITION [Abstract]

REVENUE RECOGNITION

NOTE 12 – REVENUE RECOGNITION

The following table represents our revenues disaggregated by type (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Revenue
Brand revenue	$248	$152	$438	$284
Retail revenue	6,336	5,652	12,510	10,729
Total Revenue	$6,584	$5,804	$12,948	$11,013

Geographic Information

Revenue by geographical region consist of the following (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Retail revenue
United States	$6,159	$5,652	$12,112	$10,718
Canada	177	—	398	11
Brand revenue
United States	248	152	438	284
	$6,584	$5,804	$12,948	$11,013

As of June 30, 2022 and December 31, 2021, approximately 75% and 99% of our long-lived assets were attributable to operations in the United States.

Contract Assets (Deferred Cost)

Contract assets consisted of the following as of (in thousands):

	June 30, 2022	December 31, 2021
Contract assets consisted of the following as of:
Deferred sales commissions	$324	$364

Contract liabilities consisted of the following as of (in thousands):

	June 30, 2022	December 31, 2021
Contract liabilities consisted of the following as of:
Deferred revenue retail	$256	$231
Deferred set-up revenues	91	101
Deferred brands	80	118
Contract liabilities	$427	$450

The movement in the contract liabilities during the six months ended June 30, 2022 and the year ended December 31, 2021, comprised the following (in thousands):

	June 30, 2022	December 31, 2021
The movement in the contract liabilities during each period comprised the following:
Contract liabilities at start of the period	$450	$560
Amounts invoiced during the period	8,988	13,512
Less revenue recognized during the period	(9,011)	(13,622)
Contract liabilities at end of the period	$427	$450

NOTE 5 – REVENUE RECOGNITION

The following table represents our revenues disaggregated by type (in thousands):

	December 31
	2021	2020
Revenue
Brand revenue	$654	$241
Retail revenue	23,370	14,942
Total Revenue	$24,024	$15,183

Geographic Information

Revenue by geographical region consist of the following (in thousands):

	December 31
	2021	2020
Retail revenue
United States	$23,180	$14,942
Canada	190	—
Brand revenue
United States	654	241
	$24,024	$15,183

During the year ended December 31, 2021 and 2020, approximately 99% and 100% of our long-lived assets were attributable to operations in the United States.

Contract Assets (Deferred Cost)

Contract assets consisted of the following as of:

	December 31
	2021	2020
Deferred sales commissions	$364	$266

Contract Liabilities (Deferred Revenue)

Contract liabilities consisted of the following as of:

	December 31
	2021	2020
Deferred revenue retail	$231	$468
Deferred set-up revenues	101	92
Deferred brands	118	—
Contract liabilities	$450	$560

The movement in the contract liabilities during each year comprised the following:

	December 31
	2021	2020
Contract liabilities at start of the year	$560	$323
Amounts invoiced during the year	13,512	8,970
Less revenue recognized during the year	(13,622)	(8,733)
Contract liabilities at end of the year	$450	$560

- Definition

+ References

+ Details

BENEFIT PLAN (FY) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
BENEFIT PLAN (FY) (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
BENEFIT PLAN [Abstract]
Contribution to benefit plan	$ 68,000	$ 54,000	$ 117,000	$ 106,000	$ 239,000	$ 154,000

INCOME TAXES (FY)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

INCOME TAXES [Abstract]

INCOME TAXES

NOTE 19 – INCOME TAXES

NOTE 13 – INCOME TAXES

The provision (benefit) for income taxes consist of the following, (in thousands):

	December 31
	2021	2020
Provision (benefit) for income taxes
Current
Federal	$—	$—
State	1	—
International	1	—
	$2	$—

U.S. and foreign components of loss from operations before income taxes were as follows (in thousands):

The Company’s actual provision (benefit) for income taxes from operations differ from the federal expected income tax provision as follows (in thousands):

	December 31, 2021		December 31, 2020
	Amount	Rate	Amount	Rate
U.S. federal income tax provision (benefit) at statutory rate	$(1,207)	21%	$(336)	21%
Increase (decrease) in taxes resulting from:
State income tax expense	1	—	—	—
Foreign income and losses taxed at different rates	(51)	1%	—	—
Change in valuation allowance	1,620	(28)%	401	(25)%
Paycheck protection program forgiveness	(165)	3%	—	—
Non-deductible or non-taxable items	(194)	3%	(65)	4%
Effect of income tax rate changes on deferred items	(2)	—	—	—
Provision (benefit) for income taxes	$2	—	$—	—

The tax effects of temporary difference that give rise to a significant portion of deferred tax assets and tax liabilities for the year ended December 31, 2021 and 2020 are as follows (in thousands):

	December 31
	2021	2020
Deferred tax assets:
Accrued expenses and other liabilities	76	42
Property and equipment, net	—	112
Net operating loss	3,402	1,464
Stock-based compensation	132	147
Total gross deferred tax assets	3,610	1,765
Less: valuation allowance	(3,385)	(1,765)
Total deferred tax assets	225	—
Deferred tax liabilities:
Prepaid expenses and other assets	(191)	—
Property and equipment, net	(34)	—
Total deferred tax liabilities	(225)	—
Net deferred income tax asset (liability)	—	—

At December 31, 2021, the Company has federal net operating loss available to carryforward of approximately $12.1 million which will be carried forward indefinitely.

- Definition

+ References

+ Details

CONSOLIDATED BALANCE SHEETS (FY) (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.001
Common stock, shares authorized (in shares)	22,764,527	38,395,870
Common stock, shares issued (in shares)	17,862,108	13,200,875
Common stock, shares outstanding (in shares)	17,862,108	13,200,875
Previously Reported [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.001
Common stock, shares authorized (in shares)	38,395,870
Common stock, shares issued (in shares)	13,541,324
Common stock, shares outstanding (in shares)	13,541,324
Series A Preferred [Member]
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,088,944	5,088,944
Preferred stock, shares issued (in shares)	5,088,944	5,088,944
Preferred stock, shares outstanding (in shares)	5,088,944	5,088,944
Series B Preferred [Member]
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	4,584,202	4,584,202
Preferred stock, shares issued (in shares)	4,584,202	4,584,202
Preferred stock, shares outstanding (in shares)	4,584,202	4,584,202
Series Seed Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	6,911,715	6,911,715
Preferred stock, shares issued (in shares)	6,911,715	6,911,715
Preferred stock, shares outstanding (in shares)	6,911,715	6,911,715

BUSINESS COMBINATION - Schedule Of Proceeds From Reverse Recapitalization (Q2) (Details) - USD ($) $ in Thousands		6 Months Ended
	Jun. 14, 2022	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Reverse Recapitalization [Line Items]
Amount available after paying TCAC redeeming stockholders	$ 8,771
Proceeds from convertible notes		$ 7,000	$ 0
Proceeds from PIPE Financing	6,100
TCAC operating account	264
Gross proceeds available at closing	25,135
Expenses paid at closing	(6,346)
Net cash to Legacy SpringBig at closing	18,789
Post closing expense (cash paid or accrued for expenses by Legacy SpringBig)	(8,604)
Net cash after closing	10,185
Convertible Notes Payable
Schedule Of Reverse Recapitalization [Line Items]
Proceeds from convertible notes	$ 10,000

SUBSEQUENT EVENTS (Q2)	6 Months Ended	12 Months Ended
SUBSEQUENT EVENTS (Q2)	Jun. 30, 2022	Dec. 31, 2021
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	NOTE 20 – SUBSEQUENT EVENTS Management has considered subsequent events through August 18, 2022, the date this report was issued, and there were no events that required additional disclosure.	NOTE 15 – SUBSEQUENT EVENTS Management has considered subsequent events through March 17, 2022, the date this report was available to be issued. On February 25, 2022 the Company entered into Convertible Notes with two existing shareholders (“the Note Holders”) in aggregate for a principal sum of $7.0 million. On the closing of the proposed business combination of the Company and TCAC as contemplated in the definitive agreement executed on November 8, 2021, the outstanding principal balance of the Convertible Notes become due and payable and will be satisfied by the issuance to the Note Holders of common shares of the surviving company issuable under an agreement entered into between each of the Note holders and TCAC on November 8, 2021. In the event the proposed business combination does not close by September 30, 2022 the outstanding principal will be converted into Series B Preferred Stock of the Company.

STOCKHOLDERS' EQUITY - Narrative (Q2) (Details)
$ / shares in Units, $ in Thousands

Jun. 14, 2022

USD ($)

seller

day

$ / shares

Jun. 30, 2022

USD ($)

$ / shares

Jun. 15, 2022

Jun. 13, 2022

Dec. 31, 2021

USD ($)

$ / shares

Jun. 30, 2021

Dec. 31, 2020

$ / shares

Class of Stock [Line Items]

Common stock, shares, issued (in shares)

25,290,270

17,862,108

17,767,555

13,200,875

Common stock, shares, outstanding (in shares)

25,290,270

17,862,108

17,767,555

13,200,875

Convertible amount of initial public offering | $

$ 50,000

Percent of total convertible votes

63.00%

Conversation rate of preferred stock

Sponsor earnout shares (in shares)

1,000,000

Stock price trigger (in dollars per share) | $ / shares

$ 12.00

Number of trading days | day

Number of consecutive trading days | day

Derivative liability, noncurrent | $

$ 1,616

$ 0

^[1]

Capital stock authorized (in shares)

350,000,000

Common stock, shares authorized (in shares)

300,000,000

22,764,527

38,395,870

Preferred stock, shares authorized (in shares)

50,000,000

Common stock, par or stated value per share (in dollars per share) | $ / shares

$ 0.0001

$ 0.001

Preferred stock, par or stated value per share (in dollars per share) | $ / shares

$ 0.0001

Private Placement Warrant

Class of Stock [Line Items]

Warrants outstanding (in shares)

6,000,000

TCAC shareholders

Class of Stock [Line Items]

Common stock, shares, issued (in shares)

5,752,388

Common stock, shares, outstanding (in shares)

5,752,388

TCAC non-redeeming shareholders

Class of Stock [Line Items]

Issue of common stock (in shares)

1,752,388

TCAC initial shareholders

Class of Stock [Line Items]

Issue of common stock (in shares)

4,000,000

Legacy SpringBig shareholders

Class of Stock [Line Items]

Common stock, shares, issued (in shares)

8,362,935

Common stock, shares, outstanding (in shares)

8,362,935

Issue of common stock (in shares)

18,196,526

PIPE Investors without convertible securities holdings

Class of Stock [Line Items]

Issue of common stock (in shares)

1,310,000

PIPE Investors holding convertible notes

Class of Stock [Line Items]

Issue of common stock (in shares)

31,356

Contingent And Earnout Shares, Scenario One

Class of Stock [Line Items]

Contingent and earnout shares, to be issued (in shares)

7,000,000

Contingent and earnout shares, stock price threshold (usd per share) | $ / shares

$ 12.00

Contingent and earnout shares, stock price threshold, triggering event period | day

Contingent and earnout shares, stock price Threshold, trading days period | day

Contingent and earnout shares, stock price threshold, contingency period

60 months

Contingent And Earnout Shares, Scenario Two

Class of Stock [Line Items]

Contingent and earnout shares, to be issued (in shares)

2,250,000

Contingent and earnout shares, stock price threshold (usd per share) | $ / shares

$ 15.00

Contingent and earnout shares, stock price threshold, triggering event period | seller

Contingent and earnout shares, stock price Threshold, trading days period | seller

Contingent and earnout shares, stock price threshold, contingency period

60 months

Contingent And Earnout Shares, Scenario Three

Class of Stock [Line Items]

Contingent and earnout shares, to be issued (in shares)

1,250,000

Contingent and earnout shares, stock price threshold (usd per share) | $ / shares

$ 18.00

Contingent and earnout shares, stock price threshold, triggering event period | seller

Contingent and earnout shares, stock price Threshold, trading days period | seller

Contingent and earnout shares, stock price threshold, contingency period

60 months

Class A common stock | Redeemable Warrants

Class of Stock [Line Items]

Warrants outstanding (in shares)

10,000,000

[1]	Derived from audited consolidated financial statements

NET LOSS PER SHARE (FY)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

NET LOSS PER SHARE [Abstract]

NET LOSS PER SHARE

NOTE 17 – NET LOSS PER SHARE

As of June 30, 2022 and 2021, there were 25,290,270 and 17,767,555 shares of common stock issued and outstanding, respectively.

The following table reconciles actual basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021, respectively (in thousands, except share and per share data).

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Loss per share:
Numerator:
Net loss	$(2,611)	$(1,454)	$(5,476)	$(2,572)
Denominator
Weighted-average common shares outstanding
Basic and diluted	19,285,050	17,767,554	18,586,515	17,749,178
Net loss per common share
Basic	$(0.14)	$(0.08)	$(0.29)	$(0.14)

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share for the three and six months ended June 30, 2022 were as follows:

	2022	2021
Shares unvested and subject to exercise of stock options	192,689	4,154,898
Shares subject to outstanding common stock options	3,486,482	2,515,944
Shares subject to convertible notes stock conversion	916,667	—
Shares subject to warrants stock conversion	16,000,000	—

NOTE 11 - NET LOSS PER SHARE

As of December 31, 2021 and 2020, there were 13,541,324 and 13,200,875 shares of common stock issued and outstanding, respectively.

The following table reconciles actual basic and diluted earnings per share for the year ended December 31, 2021 and 2020.

	December 31
	2021	2020
Loss per share:
Numerator:
Net loss	$(5,750)	$(1,598)

Denominator
Weighted-average common shares outstanding - basic and diluted	13,385,267	14,047,342
	________	________
Basic and diluted loss per common share	$(0.43)	$(0.11)

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share were as follows:

	December 31
	2021	2020
Shares subject to Series A Preferred Stock Conversion	5,088,944	5,088,944
Shares subject to Series B Preferred Stock Conversion	4,584,202	4,584,202
Shares subject to Seed Preferred Stock Conversion	6,911,715	6,911,715
Shares vested and subject to exercise of stock options	4,628,311	3,838,429
Shares unvested and subject to exercise of stock options	2,174,126	2,202,614

CONSOLIDATED STATEMENTS OF OPERATIONS (Q2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues	$ 6,584	$ 5,804	$ 12,948	$ 11,013
Cost of revenues	1,998	1,865	3,841	3,459
Gross profit	4,586	3,939	9,107	7,554
Operating expenses
Selling, servicing and marketing	3,105	2,449	6,048	4,520
Technology and software development	2,910	1,811	5,547	3,376
General and administrative	3,854	1,134	5,567	2,232
Total operating expenses	9,869	5,394	17,162	10,128
Loss from operations	(5,283)	(1,455)	(8,055)	(2,574)
Interest income	0	1	0	2
Interest expense	(219)	0	(312)	0
Loss before income tax	(2,611)	(1,454)	(5,476)	(2,572)
Income tax expense	0	0	0	0
Net loss	$ (2,611)	$ (1,454)	$ (5,476)	$ (2,572)
Net loss per common share:
Basic (in dollars per share)	$ (0.14)	$ (0.08)	$ (0.29)	$ (0.14)
Diluted (in dollars per share)	$ (0.14)	$ (0.08)	$ (0.29)	$ (0.14)
Weighted-average common shares outstanding - basic (in shares)	19,285,050	17,767,554	18,586,515	17,749,178
Weighted-average common shares outstanding - diluted (in shares)	19,285,050	17,767,554	18,586,515	17,749,178
Convertible Notes Payable
Operating expenses
Change in fair value	$ 11	$ 0	$ 11	$ 0
Shares subject to warrants stock conversion
Operating expenses
Change in fair value	$ 2,880	$ 0	$ 2,880	$ 0

BUSINESS COMBINATION, Purchase Price Allocation (FY) (Details) - Beaches Development Group LTD [Member] - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2021	Dec. 31, 2021
Fair Value of Purchase Consideration [Abstract]
Fair value of shares	$ 135,000	$ 135,000
Less: Post combination cost - restricted stocks		(85,000)
Fair value of net shares		50,000
Cash consideration	132,000	132,000
Indemnity holdback	23,000	23,000
Fair value of purchase consideration	205,000	205,000
Fair Value of Assets [Abstract]
Cash	9,000	9,000
Goodwill	0	0
Intangibles (Software)	196,000	196,000
Fair value of assets	$ 205,000	$ 205,000