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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Summary of Effective Income Tax Rate | The effective income tax rate differed from the amount computed by applying the federal statutory rate to the Company’s loss before income taxes for the years ended December 31, 2024 and 2023 as follows:
|  | December 31, |
|  | 2024 |  |  | 2023 |
Tax effected at statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
State taxes |  |  | 7.2 | % |  |  | 6.0 | %
Stock-based compensation |  |  | (1.0 | %) |  |  | (1.3 | %)
Executive compensation |  |  | (2.2 | %) |  |  | (1.7 | %)
Federal research and development credits |  |  | 6.0 | % |  |  | 4.4 | %
Change in valuation allowance |  |  | (31.1 | %) |  |  | (28.5 | %)
Total |  |  | (0.1 | %) |  |  | (0.1 | %)
Summary of Total Deferred Tax Assets | The Company's total deferred tax assets consisted of the following as of December 31, 2024 and 2023 (in thousands):
|  | December 31, |
|  | 2024 |  |  | 2023 |
Deferred Tax Assets |  |  |  |  |  |
Net operating loss carryforward |  | $ | 15,668 |  |  | $ | 9,395 |
R&D credit carryovers |  |  | 9,991 |  |  |  | 3,985 |
Section 174 R&D amortization |  |  | 25,763 |  |  |  | 13,819 |
Operating lease liabilities |  |  | 904 |  |  |  | 1,134 |
Accrued expenses and other current liabilities |  |  | 1,411 |  |  |  | 919 |
Capitalized licenses |  |  | 3,259 |  |  |  | 3,482 |
Other |  |  | 926 |  |  |  | 554 |
|  |  | 57,922 |  |  |  | 33,288 |
Valuation allowance |  |  | (56,650 | ) |  |  | (31,761 | )
Deferred tax asset |  |  | 1,272 |  |  |  | 1,527 |
Deferred Tax Liabilities |  |  |  |  |  |
Property and equipment |  |  | (408 | ) |  |  | (457 | )
Operating lease right-of-use assets |  |  | (864 | ) |  |  | (1,070 | )
Deferred tax liability |  |  | (1,272 | ) |  |  | (1,527 | )
Net deferred tax asset |  | $ | — |  |  | $ | — |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + 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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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