XML 80 R26.htm IDEA: XBRL DOCUMENT v3.22.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
Reconciliation between the tax provision computed at the federal statutory income tax rate and the Company's actual effective income tax rate are as follows:
Year Ended December 31,
20212020
Federal statutory tax rate21 %21 %
R&D tax credit
Stock-based compensation and other permanent differences— — 
Change in valuation allowance(23)(22)
Total— %— %
Schedule of Deferred Tax Assets and Liabilities
Significant components of net deferred tax assets are as follows (in thousands):
December 31,
20212020
Deferred tax assets:
Net operating losses$52,832 $42,331 
Property and equipment555 303 
R&D tax credit5,209 3,830 
Stock-based compensation717 490 
Capitalized R&D expenses6,268 3,109 
Inventory909 511 
Lease liability1,003 1,461 
Accruals and reserves1,418 1,144 
Total deferred tax assets68,911 53,179 
Valuation allowance(68,046)(52,005)
Net deferred tax assets865 1,174 
Deferred tax liabilities:
Right-of-use assets(865)(1,174)
Total deferred tax liabilities(865)(1,174)
Net deferred tax assets
$— $— 
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of the change in the unrecognized tax benefit during the year is as follows (in thousands):
December 31,
20212020
Beginning of year$1,407 $986 
Additions for tax positions related to:
Current year510 421 
Prior years— — 
End of year$1,917 $1,407