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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule Of Effective Income Tax Rate Reconciliation

The Company’s effective tax rates for the years ended December 31, 2021 and 2020 differ from the U.S. federal statutory rate as follows (in thousands):

		Years Ended December 31,
		2021				2020
Tax at the federal statutory rate		$	(18,790	)		$	(6,919	)
Benefit from R&D tax credits			(1,244	)			(586	)
Stock-based compensation			1,102				331
Non-deductible executive compensation			817				—
Other temporary and permanent differences			33				21
Change in valuation allowance			18,082				7,153
Total provision for income taxes		$	—			$	—

Schedule Of Deferred Tax Assets And Liabilities

The significant components of the Company’s deferred tax assets and liabilities were as follows (in thousands):

		Years Ended December 31,
		2021				2020
Deferred tax assets:
Net operating loss carryforward			33,671				18,832
Lease liability			1,228				677
R&D tax credit carryforward			2,746				1,502
Share-based compensation			2,151				227
Other deferred tax assets			237				109
Total deferred tax assets			40,033				21,347
Deferred tax liabilities - Right of use asset			(994	)			(458	)
Valuation allowance			(39,039	)			(20,889	)
Net deferred tax assets		$	—			$	—

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- References

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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