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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The provision for income tax expense consisted of the following for the year ended December 31, 2021 and 2020 (in thousands):
|  | December 31, 2021 |  |  | December 31, 2020 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | 72 |  |  | $ | (242 | )
State |  |  | (34 | ) |  |  | 10 |
Total current income tax expense (benefit) |  |  | 38 |  |  |  | (232 | )
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | — |  |  |  | — |
State |  |  | — |  |  |  | — |
Total deferred income tax expense |  |  | — |  |  |  | — |
Income tax expense (benefit) |  | $ | 38 |  |  | $ | (232 | )
Schedule of Effective Income Tax Rate Reconciliation | The difference between the statutory rate for federal income tax and the effective income tax rate was as follows:
|  | December 31, 2021 |  |  | December 31, 2020 |
Current: |  |  |  |  |  |  |  |
Income taxes at statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
State taxes, net of federal benefit |  |  | — |  |  |  | — |
LLC flow-through structure |  |  | (21.4 | ) |  |  | (21.5 | )
Federal Credits |  |  | 1.8 |  |  |  | 2.3 |
Provision to return adjustment |  |  | — |  |  |  | 0.2 |
Change in valuation allowance |  |  | (1.3 | ) |  |  | (1.1 | )
Other |  |  | (0.2 | ) |  |  | — |
Effective income tax rate |  |  | (0.1 | )% |  |  | 0.9 | %
Schedule of Deferred Tax Assets and Liabilities | Components of the Company’s deferred tax assets and liabilities included in the consolidated balance sheet consisted of the following (in thousands):
|  | December 31, 2021 |  |  | December 31, 2020 |
Deferred tax assets: |  |  |  |  |  |  |  |
Accrued bonus |  | $ | 376 |  |  | $ | 243 |
Fixed assets |  |  | — |  |  |  | 108 |
Federal credit carryforwards |  |  | 939 |  |  |  | 331 |
Leases |  |  | 28 |  |  |  | — |
Start-up costs |  |  | 39 |  |  |  | 48 |
Deferred tax assets before valuation allowance |  |  | 1,382 |  |  |  | 730 |
Valuation allowance |  |  | 1,237 |  |  |  | 560 |
Total deferred tax assets |  |  | 145 |  |  |  | 170 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  |  | 90 |  |  |  | 148 |
Fixed assets |  |  | 47 |  |  |  | — |
Prepaid expenses |  |  | 8 |  |  |  | 22 |
Total deferred tax liabilities |  |  | 145 |  |  |  | 170 |
Net deferred tax asset |  | $ | — |  |  | $ | — |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of total unrecognized tax benefits for the years ended December 31, 2021 and 2020 consisted of the following (in thousands):
|  | December 31, 2021 |  |  | December 31, 2020 |
Unrecognized tax benefits (gross): |  |  |  |  |  |  |  |
Benefits at the beginning of the year |  | $ | — |  |  | $ | — |
Increase related to prior year tax positions |  |  | 94 |  |  |  | — |
Decrease related to prior year tax positions |  |  | — |  |  |  | — |
Increase related to current year tax positions |  |  | 86 |  |  |  | — |
Benefits at the end of the year |  | $ | 180 |  |  | $ | — |

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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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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