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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2021 and 2020 were as follows (in thousands):

		December 31,				December 31,
		2021				2020
Deferred tax assets:
Net operating loss carryforwards		$	37,874			$	11,341
Intangible assets			7,464				5,231
Research and development credits			4,037				657
Operating lease liabilities			4,689				745
Contribution of common stock			4,366				—
Other, net			2,686				646
Total deferred tax assets			61,116				18,620
Deferred tax liabilities:
Property and equipment			(420	)			(293	)
Operating lease assets			(4,330	)			(555	)
Total deferred tax liabilities			(4,750	)			(848	)
Valuation allowance			(56,366	)			(17,772	)
Net deferred tax assets		$	—			$	—

Reconciliation of Federal Statutory Income Tax Rate and Effective Income Tax Rate

A reconciliation of the federal statutory income tax rate and the Company’s effective income tax rate is as follows:

		Year ended December 31,
		2021				2020
Federal statutory income tax rate			21.0	%			21.0	%
State income taxes, net of federal benefit			6.1				1.3
Change in valuation allowance			(31.4	)			(13.5	)
Fair value of purchase right liability			0.3				1.5
In-process research and development			—				(10.3	)
Other permanent differences			(0.7	)			(0.1	)
Research and development credits			2.9				—
State net operating loss			2.4				—
Other			(0.6	)			0.1
Effective income tax rate			—	%			—	%

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2021 and 2020, excluding interest and penalties, is as follows (in thousands):

		Year ended December 31,
		2021				2020
Balance at the beginning of the year		$	191			$	—
Increase (decrease) related to prior year positions			156				—
Increase related to current year positions			835				191
Balance at the end of the year		$	1,182			$	191

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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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-Name Accounting Standards Codification
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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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