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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation of Differences Between Federal Income Tax Rate and Effective Tax Rate
The following reconciles the differences between income taxes computed at the federal income tax rate and the provision for income taxes:
Year Ended December 31,
202120202019
Expected income tax benefit at the federal statutory rate21.0 %21.0 %21.0 %
State taxes, net of federal benefit0.0 0.0 0.0 
Change in federal statutory rate0.0 0.0 0.0 
Non-deductible stock compensation(3.1)0.2 0.0 
Non-deductible items and other(1.7)(3.6)(2.8)
Federal and state credits0.7 0.5 0.6 
Change in valuation allowance(16.9)(18.1)(18.8)
Total0.0 %0.0 %0.0 %
Schedule of Deferred Tax Assets The principal components of the Company’s net deferred tax assets consisted of the following at December 31, 2021 and 2020 (in thousands):
Year Ended December 31,
20212020
Deferred tax assets
Net operating loss carryforwards$140,581 $121,346 
Research and development tax credits9,149 6,949 
Reserves and accruals4,781 4,984 
Operating lease liability2,615 2,588 
Other6,738 4,702 
Total deferred tax assets163,864 140,569 
Less: Valuation allowance(161,487)(138,214)
Net deferred tax assets2,377 2,355 
Deferred tax liabilities
Right-of-use assets(2,377)(2,355)
Total deferred tax liabilities(2,377)(2,355)
Net deferred tax assets$— $— 
Schedule of Unrecognized Tax Benefits
At December 31, 2021 and 2020, the Company’s unrecognized tax benefits consist of the following (in thousands):
Year Ended December 31,
20212020
Unrecognized tax benefit, beginning of period$2,681 $2,158 
Gross increases — current year tax positions704 548 
Gross increases — prior year tax positions— — 
Gross decreases — prior year tax positions(28)(25)
Unrecognized tax benefit, end of period$3,357 $2,681