INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Deferred Tax Assets

Significant components of the Company’s deferred tax assets for federal and state income taxes as of December 31, 2022 and 2021 are as follows:

	2022		2021
Deferred tax assets:
Net operating loss carryforwards	$	4,889	$	5,708
Payroll related accruals	333		194
Stock-based compensation	612		298
Intangible assets	89		89
Sec. 174 Capitalized costs	1,237		—
Other	5		1
Depreciation	18		—
Research and development tax credits	906		511
Total deferred tax assets	8,089		6,801
Deferred tax liabilities:
Depreciation	—		(84)
Total deferred tax liabilities	—		(84)
Net deferred tax assets	8,089		6,717
Less: Valuation allowance	(8,089)		(6,717)
Deferred tax assets, net of allowance	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory U.S. Federal rate to the Company’s effective tax rate is as follows:

	2022		2021
Federal income tax benefit at statutory rate	21.00		21.00
State income taxes, net of federal benefit	(2.59)		2.28
Permanent items	(3.19)		(0.20)
Research and development tax credits	10.74		1.34
Cumulative deferred adjustments	28.30		(12.46)
Rate change	(19.55)		—
Change in valuation allowance	(37.35)		(11.91)
Other	(0.73)		(0.05)
Effective income tax (benefit) expense rate	(3.37)	%	—	%