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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Federal Statutory Income Tax Rate to Effective Income Tax Rate

The effective tax rate if the Company’s provision (benefit) for income taxes differs from the federal statutory rate as follows (in thousands):

		Year Ended December 31,
		2024				2023
Tax computed at federal statutory rate		$	(2,877	)		$	(7,214	)
State tax, net of federal tax benefit			611				1
Permanent differences			(166	)			50
Warrant liability			(1,993	)			(665	)
Research and development tax credits, net of uncertain positions			(1,050	)			(705	)
Valuation allowance			5,475				8,534
Income tax expense		$	—			$	1

Schedule of Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets (liabilities) are as follows (in thousands):

		Year Ended December 31,
		2024				2023
Deferred tax assets:
Net operating loss carryforwards		$	62,407			$	58,535
Intangible assets			10,356				9,865
Tax credit carry forwards			13,506				12,403
Stock compensation			2,026				1,700
Accrued compensation			180				93
Total deferred tax assets			88,475				82,596
Deferred tax liabilities
Fixed assets			(15	)			(21	)
Total deferred tax liabilities			(15	)			(21	)
Total net deferred tax assets			88,460				82,575
Less: valuation allowance			(88,460	)			(82,575	)
Net deferred taxes		$	—			$	—

Schedule of Reconciliation of Unrecognized Tax Benefits

The change in the Company’s unrecognized tax benefits is summarized as follows (in thousands):

Balance at December 31, 2022		$	7,506
Increase related to current year tax positions			2,846
Additions for tax positions of prior years			21
Additions in connection with the reverse merger			847
Reduction for tax positions of prior years			(140	)
Balance at December 31, 2023		$	11,080
Increase related to current year tax positions			334
Additions for tax positions of prior years			68
Balance at December 31, 2024		$	11,482

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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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-Section 50
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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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