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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes The provision for income taxes consisted of the following components for the years ended December 31:
20212020
Current:
Federal$— $(326)
State1,289 578 
Total current1,289 252 
Deferred:
Federal(54,607)— 
State(1,920)— 
Total deferred(56,527)— 
Total provision for income taxes$(55,238)$252 
Reconciliation of Federal Statutory Income Tax Rate Reconciliation of the Federal statutory income tax rate of 21% to the effective rate is as follows:
202120202019
Federal statutory income tax rate21.00 %21.00 %21.00 %
State taxes, net of federal benefit(3.05)1.75 (0.18)
Stock compensation3.22 4.47 (5.39)
Permanent differences-other0.02 3.77 (7.67)
CARES Act 163(j) Modifications
— 2.95 — 
Other(0.97)3.94 1.71 
Increase in valuation allowance(206.70)(36.91)(9.44)
(186.48)%0.97 %0.03 %
Significant Components of Deferred Tax Assets and Liabilities The tax effects of temporary differences and net operating losses that give rise to significant components of deferred tax assets and liabilities consist of the following:
December 31,
Deferred tax assets20212020
Net operating loss carry-forward$50,535$58,520
R&D credit10,93010,930
Accrued liabilities and other1,5331,004
Stock options954850
Less: valuation allowance(3,271)(66,495)
Net deferred tax assets60,6814,809
Deferred tax liabilities
Basis difference in intangibles(3,904)(4,696)
Basis difference in equipment(250)(113)
Total net deferred tax asset$56,527 $—