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Income Taxes (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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