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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rates

The Company’s effective income tax rates are different from the federal statutory tax rates in 2022 and 2021 predominantly due to the valuation allowance, tax credits, and state taxes described below:

		2022				2021
U.S. federal statutory tax rate			21.0	%			21.0	%
State income taxes, net of federal income tax benefit			4.4	%			6.7	%
Tax credits			6.0	%			6.8	%
Other			(2.8	)%			(1.0	)%
Valuation allowance			(28.6	)%			(33.5	)%
Effective tax rate			0.0	%			0.0	%

Schedule of Deferred Income Tax Benefits and Liabilities

The combined temporary differences and carryforwards of each tax paying component of the Company that give rise to a significant portion of the deferred income tax benefits and liabilities are as follows at

December 31, 2022 and 2021:
 

		2022				2021
Net operating loss carryforwards		$	26,576			$	22,789
Amortization			2,306				1,685
Section 174 capitalization			9,895				—
Research and development credits			10,242				6,213
Other			1,196				474
Total deferred tax assets			50,215				31,161
Less valuation allowance			(50,215	)			(31,161	)
Net deferred tax assets		$	—			$	—

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- References

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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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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