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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Loss before Income Tax, Domestic and Foreign

Loss before provision for income taxes for the years ended December 31, 2024 and 2023 consisted of the following (in thousands):

						December 31, 2024						December 31, 2023
U.S.						$	(50,824)					$	(75,822)
Foreign						$	702					—
Loss before provision for income taxes						$	(50,122)					$	(75,822)

Schedule of Components of Income Tax Expense (Benefit)

The income tax expense for the years ended December 31, 2024 and 2023 consisted of the following (in thousands):

						December 31, 2024						December 31, 2023
Current:
Federal						$	—					$	—
State						37						21
Foreign						—						—
Total current income tax expense						$	37					$	21
Deferred:
Federal						$	—					$	—
State						—						—
Foreign						—						—
Total deferred income tax expense						—						—
Income tax expense						$	37					$	21

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the provision for income tax expense and the amount of income tax computed by applying the U.S. federal statutory rate to income before provision for income taxes as shown in the accompanying consolidated statements of operations and other comprehensive loss for the years ended December 31, 2024 and 2023 consisted of the following:

						December 31, 2024						December 31, 2023
Tax provision at U.S. federal statutory rate						21.00		%				21.00		%
Nondeductible expenses						(2.58)						(1.62)
Fair value adjustments on earnout interests liability						0.02						0.14
Fair value adjustments on derivative liabilities						0.12						0.07
Research and development credit						1.03						1.13
State taxes, net of federal benefit						9.77						6.95
Change in valuation allowance adjustment						(30.40)						(27.59)
Other						0.97						(0.11)
Effective tax rate						(0.07)		%				(0.03)		%

Schedule of Deferred Tax Assets and Liabilities

The Company's components of deferred tax assets and liabilities for the years ended December 31, 2024 and 2023 consisted of the following (in thousands):

						December 31, 2024						December 31, 2023
Deferred tax assets:
Net operating loss carryover						$	66,082					$	55,792
General business and other tax credits						9,077						6,765
Capitalized research and development						12,215						8,363
Intangible assets						2,038						2,055
Fixed assets						1,668						—
Lease liabilities						4,396						1,386
Stock based compensation						1,011						607
Business interest limitation						511						56
Inventories						2,426						1,298
Other non-current deferred tax assets						1,216						1,106
Subtotal						100,640						77,428
Valuation allowance						(99,401)						(75,306)
Total						$	1,239					$	2,122
Deferred tax liabilities:
Fixed assets						$	—					$	(567)
Operating lease right-of-use asset						(922)						(1,338)
Other non-current deferred tax liabilities						(317)						(217)
Total						$	(1,239)					$	(2,122)
Net deferred tax asset						$	—					$	—

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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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.

+ 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

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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.

+ 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

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-Section 50
-Paragraph 12A
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
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