XML 54 R28.htm IDEA: XBRL DOCUMENT v3.25.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes  
Schedule of Components of Income Tax Expense (Benefit)

​

​

​

​

​

​

​

​

​

    

December 31,

​

​

2024

    

2023

Current provision (benefit):

​

​

  

​

​

  

Federal

​

$

—

​

$

—

State

​

​

—

​

​

—

Total current provision

​

​

—

​

​

—

Deferred tax provision (benefit):

​

​

​

​

​

​

Federal

​

​

(7,368)

​

​

(8,752)

State

​

​

(1,860)

​

​

(3,542)

Change in valuation allowance

​

​

9,228

​

​

12,294

Total deferred provision

​

​

—

​

​

—

Total provision (benefit) for income taxes

​

$

—

​

$

—

Schedule of Net deferred tax assets

​

​

​

​

​

​

​

​

​

    

December 31,

​

​

2024

    

2023

Deferred tax assets:

 

​

  

 

​

  

Net operating loss carryforwards

​

$

27,812

​

$

22,472

Research and development credits

​

 

10,950

​

 

8,144

Stock-based compensation

​

 

10,534

​

 

9,158

Deferred revenue

​

 

1,527

​

 

1,517

Lease liability

​

 

4,985

​

 

5,313

Tenant incentive

​

​

1,359

​

​

1,528

Accruals and other

​

 

1,912

​

 

2,092

Deferred tax liabilities:

​

 

​

​

 

  

ROU asset

​

 

(2,976)

​

 

(3,187)

Depreciation and other

​

 

(1,234)

​

 

(1,396)

​

​

 

54,869

​

 

45,641

Valuation allowance

​

 

(54,869)

​

 

(45,641)

Net deferred tax assets

​

$

—

​

$

—

Schedule of Income tax expense reconciled to the tax computed at statutory rates

​

​

​

​

​

​

​

​

​

​

    

Year Ended December 31,

​

​

2024

    

2023

    

Federal income taxes (benefit) at 21% statutory rate

​

$

(8,583)

​

$

(7,964)

​

State income taxes (benefit), net of Federal benefit

​

 

(2,561)

​

 

(2,901)

​

Stock compensation

​

 

550

​

 

(610)

​

Other permanent differences

​

​

299

​

​

—

​

Rate changes and other

​

 

1,067

​

 

(819)

​

Change in valuation allowance

​

 

9,228

​

 

12,294

​

Total Income Tax Expense

​

$

—

​

$

—

​