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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Taxes [Abstract] |
Schedule of Statutory Income Tax Rate to the Company’s Effective Income Tax Rate | A reconciliation of the Company’s statutory income tax rate to the Company’s effective income tax rate is as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Income at US statutory rate |  |  | 21 | % |  |  | 21 | %
State taxes, net of federal benefit |  |  | 8 | % |  |  | (126 | )%
Permanent differences |  |  | — |  |  |  | 1 | %
Change in fair value of warrants |  |  | 1 | % |  |  | (342 | )%
Return to provision |  |  | — |  |  |  | (28 | )%
Officer’s compensation |  |  | — |  |  |  | 2 | %
Stock-based compensation |  |  | (2 | )% |  |  | 6 | %
Tax credits |  |  | 5 | % |  |  | (52 | )%
Change in valuation allowance |  |  | (33 | )% |  |  | 518 | %
|  |  | 0 | % |  |  | 0 | %
Schedule of Deferred Tax Assets and (Liabilities) | The Company’s deferred tax assets and (liabilities) are as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Deferred Tax Assets: |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 34,636 |  |  | $ | 27,688 |
Tax credits |  |  | 11,850 |  |  |  | 7,057 |
Stock based compensation |  |  | 2,173 |  |  |  | 1,303 |
Capitalized R&D expenses |  |  | 22,348 |  |  |  | 11,456 |
Accruals and reserves |  |  | 843 |  |  |  | 1,034 |
Depreciation and amortization |  |  | 93 |  |  |  | 61 |
Lease liability |  |  | 4,053 |  |  |  | 4,240 |
Total deferred tax assets before valuation allowance |  |  | 75,996 |  |  |  | 52,839 |
Valuation allowance |  |  | (72,865 | ) |  |  | (49,518 | )
Net deferred tax assets |  | $ | 3,131 |  |  | $ | 3,321 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Right of use asset |  |  | (3,131 | ) |  |  | (3,321 | )
Total deferred tax liabilities |  |  | (3,131 | ) |  |  | (3,321 | )
Net deferred tax assets (liability) |  | $ | — |  |  | $ | — |

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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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