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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of deferred tax assets |
|  | December 31, 2021 |  |  | December 31, 2020 |
Deferred tax assets: |  |  |  |  |  |
Federal net operating loss |  | $ | 19,434,000 |  |  | $ | 15,227,000 |
State net operating loss |  |  | 12,508,000 |  |  |  | 9,361,000 |
Research and development tax credits |  |  | 5,333,000 |  |  |  | 3,407,000 |
Capitalized R&D |  |  | 38,360,000 |  |  |  | 14,387,000 |
Nonqualified Stock Options |  |  | 15,511,000 |  |  |  | 7,352,000 |
Accruals |  |  | 655,000 |  |  |  | 645,000 |
Intangibles and Fixed Assets |  |  | 4,394,000 |  |  |  | 41,000 |
Less: valuation allowance |  |  | (96,195,000 | ) |  |  | (50,420,000 | )
Total |  | $ | - |  |  | $ | - |
Schedule of reconciliation of the statutory tax rate to the effective tax rate |
|  | Year Ended December 31, 2021 |  |  | Year Ended December 31, 2020 |
Statutory federal income tax rate |  |  | 21.00 | % |  |  | 21.00 | %
State (net of federal benefit) |  |  | 14.22 | % |  |  | 15.50 | %
Non-deductible expenses |  |  | (0.38 | )% |  |  | 0.42 | %
R&D Credit |  |  | 1.53 | % |  |  | 3.21 | %
Other |  |  | 0.02 | % |  |  | 1.01 | %
Change in valuation allowance |  |  | (36.41 | )% |  |  | (41.15 | )%
Effective income tax rate |  |  | 0 | % |  |  | 0 | %

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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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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