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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of the domestic and foreign components of loss from operations before income taxes | The following represents the domestic and foreign components of loss from operations before income taxes for the years ended December 31, 2024 and 2023 (in thousands):
|  | 2024 |  |  | 2023 |
United States |  | $ | (64,690 | ) |  | $ | (89,525 | )
Foreign |  |  | 2,543 |  |  |  | 1,338 |
Total loss before income taxes |  | $ | (62,147 | ) |  | $ | (88,187 | )
Schedule of components of the (benefit from) provision for income taxes | The Company’s components of the benefit from income taxes consists of the following for the years ended December 31, 2024 and 2023 (in thousands):
|  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |  |  |
US Federal |  | $ | (256 | ) |  | $ | — |
US States |  |  | 1 |  |  |  | 1 |
Foreign |  |  | 427 |  |  |  | (492 | )
Total current |  |  | 172 |  |  |  | (491 | )
Deferred: |  |  |  |  |  |  |  |
US Federal |  | $ | — |  |  | $ | — |
US States |  |  | — |  |  |  | — |
Foreign |  |  | (1,124 | ) |  |  | (107 | )
Total deferred |  |  | (1,124 | ) |  |  | (107 | )
Benefit from income taxes |  | $ | (952 | ) |  | $ | (598 | )
Schedule of the income tax determined by applying the U.S. federal statutory income tax rate to pretax loss | Income tax expense differs from the amount of income tax determined by applying the U.S. federal statutory income tax rate of 21 % to pretax loss as a result of the following differences for the years ended December 31, 2024 and 2023 ($ in thousands):
|  | 2024 |  |  | 2023 |
|  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
Pretax loss |  | $ | (62,147 | ) |  |  |  |  |  | $ | (88,187 | ) |  |  |  |
Federal tax at statutory rate |  |  | (13,049 | ) |  |  | 21.0 | % |  |  | (18,522 | ) |  |  | 21.0 | %
State taxes, net of federal benefit |  |  | 1 |  |  |  | 0.0 | % |  |  | 1 |  |  |  | 0.0 | %
Gain on remeasurement of warrant liability |  |  | 3,302 |  |  |  | -5.3 | % |  |  | — |  |  |  | 0.0 | %
Pay-to-Play equity financing charge (permanent difference) |  |  | — |  |  |  | 0.0 | % |  |  | 7,525 |  |  |  | -8.5 | %
Other permanent differences |  |  | 802 |  |  |  | -1.3 | % |  |  | 3,620 |  |  |  | -4.1 | %
Return to accrual adjustment |  |  | (896 | ) |  |  | 1.4 | % |  |  | (433 | ) |  |  | 0.5 | %
Foreign tax rate differential |  |  | 195 |  |  |  | -0.3 | % |  |  | 111 |  |  |  | -0.1 | %
Tax credits |  |  | (1,211 | ) |  |  | 1.9 | % |  |  | (539 | ) |  |  | 0.6 | %
Uncertain tax positions |  |  | 410 |  |  |  | -0.7 | % |  |  | 270 |  |  |  | -0.3 | %
Valuation allowance |  |  | 10,290 |  |  |  | -16.6 | % |  |  | 7,936 |  |  |  | -9.0 | %
Other, net |  |  | (796 | ) |  |  | 1.3 | % |  |  | (567 | ) |  |  | 0.6 | %
|  | $ | (952 | ) |  |  | 1.4 | % |  | $ | (598 | ) |  |  | 0.7 | %
Schedule of company's deferred tax assets and liabilities | The components of the Company’s deferred tax assets and liabilities are as follows as of December 31, 2024 and 2023 (in thousands):
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 55,739 |  |  | $ | 45,600 |
Tax credit |  |  | 5,678 |  |  |  | 4,989 |
Other reserves and accrued expenses |  |  | 1,178 |  |  |  | 1,105 |
Lease liability |  |  | 80 |  |  |  | 110 |
Depreciation |  |  | 440 |  |  |  | 66 |
Share-based compensation |  |  | 1,519 |  |  |  | 736 |
Capitalized R&D Sec 174 |  |  | 13,423 |  |  |  | 9,533 |
Other |  |  | 3 |  |  |  | (62 | )
Gross deferred tax assets |  |  | 78,060 |  |  |  | 62,077 |
Valuation allowance |  |  | (75,826 | ) |  |  | (60,937 | )
Net deferred tax assets |  |  | 2,234 |  |  |  | 1,140 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right of use assets |  |  | (77 | ) |  |  | (107 | )
Total deferred tax liabilities |  |  | (77 | ) |  |  | (107 | )
Total net deferred tax assets |  | $ | 2,157 |  |  | $ | 1,033 |
Schedule of unrecognized tax benefits | The beginning and ending unrecognized tax benefits amounts is as follows as of December 31 , 2024 and 2023 (in thousands):
|  | 2024 |  |  | 2023 |
Unrecognized tax benefits, beginning of period |  | $ | 4,283 |  |  | $ | 3,811 |
Additions based on tax positions taken related to prior years |  |  | 12 |  |  |  | — |
Additions based on tax positions taken related to current period |  |  | 705 |  |  |  | 472 |
Unrecognized tax benefits, end of period |  | $ | 5,000 |  |  | $ | 4,283 |

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