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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Taxes

Loss before income taxes consists of:

		For the Year Ended December 31,
		2022				2021
Domestic		$	(34,547	)		$	(25,881	)
Foreign			(1,960	)			232
Income before taxes		$	(36,507	)		$	(25,649	)

Income Tax Reconciliation

The provision for income taxes differs from the amount computed by applying the statutory rate as follows:

		For the Year Ended December 31,
		2022				2021
Income taxes using U.S federal statutory rate		$	(7,666	)		$	(5,386	)
Nondeductible interest			139				39
Loss of tax benefit of state net operating loss carryforwards			—				2,799
Branch income			(385	)			229
State income taxes, net of federal benefit			(531	)			311
Foreign rate differential			165				27
Valuation allowance			9,221				2,114
Stock option expense, exercises and cancellations			752				446
Research and development costs			(708	)			(375	)
Other			(987	)			(204	)
		$	—			$	—

Significant Components of Deferred Tax Assets

Significant components of the Company’s deferred tax assets are as follows:

		For the Year Ended December 31,
		2022				2021
Deferred tax assets:
Employee compensation accruals		$	2,772			$	1,777
Accrued liabilities			197				29
Research tax credits			1,429				721
Lease obligation			38				107
Other			160				89
Research expense capitalization			3,203				—
Net operating losses			24,595				20,520
Total deferred tax assets			32,394				23,243

		For the Year Ended December 31,
		2022				2021
Deferred tax liabilities:
Right of use asset			50				118
Total deferred tax liabilities			50				118
Valuation allowance			32,344				23,125
Net deferred tax assets		$	—			$	—

Summary of Change in Valuation

The change in valuation allowance is as follows:

		December 31,
		2022				2021
Beginning Balance		$	23,125			$	21,332
Charged to costs and expenses			9,221				2,114
Charged to other comprehensive income			(2	)			(321	)
Ending balance		$	32,344			$	23,125

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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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-Name Accounting Standards Codification
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-SubTopic 10
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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