Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets

The significant components of the Company’s deferred tax assets and liabilities are comprised of the following:

	As of December 31,
	2019		2018
Deferred tax assets:
Net operating loss carryforwards	$	31,575,288	$	6,864,360
Capital loss carryforwards	7,298,052		—
Start-up costs	11,234,751		—
Accruals and reserves	166,611		35,645
Intellectual property amortization	555,352		121,694
Stock-based compensation expense	1,123,100		993,234
Convertible debt	—		498,236
Tax credits	1,926,677		548,399
Lease liability	96,895		—
Total deferred tax assets	53,976,726		9,061,568
Valuation allowance	(53,877,168)		(9,061,568)
Deferred tax assets, net of allowance	$	99,558	$	—
Deferred tax liabilities:
Lease ROU asset	(99,558)		—
Net deferred tax assets	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of federal statutory income tax to the Company's provision for income taxes is as follows:

	As of December 31,
	2019		2018
Expected provision at statutory rate	21.0	%	21.0	%
State tax - net of federal benefit	5.3	%	7.6	%
Research and development credits	3.2	%	2.1	%
Permanent differences	(8.1)	%	(0.8)	%
Other	2.9	%	0.0	%
Change in valuation allowance	(24.3)	%	(29.9)	%
Total provision for income taxes	—	%	—	%

Summary of Income Tax Contingencies

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	Amount
Gross unrecognized tax benefits as of December 31, 2018	$	—
Additions for tax positions taken in a prior year	303,050
Additions for tax positions taken in the current year	—
Reductions for tax positions taken in the prior year due to settlement	—
Reductions for tax positions taken in the prior year due to statutes lapsing	—
Gross unrecognized tax benefits as of December 31, 2019	$	303,050