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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Loss Income Before Income Tax Expense by Jurisdiction

The following table summarizes the (loss) income before income tax expense by jurisdiction for the periods indicated:

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Domestic

 

$

(84,113

)

 

$

(65,940

)

 

$

(80,893

)

Foreign

 

 

162

 

 

 

280

 

 

 

 

Loss before income tax expense

 

$

(83,951

)

 

$

(65,660

)

 

$

(80,893

)

Summary of Difference Between Provision for Income Taxes and Amounts Computed by Applying Statutory Federal Income Tax Rate to Income Before Income Taxes The difference between the Company’s provision for income taxes and the amounts computed by applying the statutory federal income tax rate to income before income taxes is as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Tax provision derived by applying the federal statutory
   rate to income before income taxes

 

$

(17,630

)

 

$

(13,789

)

 

$

(16,988

)

Permanent differences and other

 

 

1,042

 

 

 

1,002

 

 

 

482

 

Federal tax credits

 

 

(3,559

)

 

 

(3,815

)

 

 

(3,905

)

State tax credits

 

 

(640

)

 

 

(152

)

 

 

(251

)

Effect of tax rate on foreign jurisdiction

 

 

42

 

 

 

(5

)

 

 

 

Change in the valuation allowance

 

 

20,609

 

 

 

16,900

 

 

 

20,662

 

Income tax (benefit) expense

 

$

(136

)

 

$

141

 

 

$

 

Components of Deferred Tax Assets and Liabilities

The components of the deferred tax assets and liabilities consist of the following (in thousands):

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Deferred tax assets

 

 

 

 

 

 

Net operating loss carryforward

 

$

68,917

 

 

$

64,531

 

Intangible assets

 

 

11,149

 

 

 

57

 

Deferred revenue

 

 

566

 

 

 

 

Accrued expense

 

 

668

 

 

 

846

 

Stock-based compensation

 

 

3,293

 

 

 

2,767

 

Federal tax credits

 

 

21,914

 

 

 

18,579

 

State tax credits

 

 

1,631

 

 

 

991

 

Other

 

 

190

 

 

 

220

 

Total deferred tax assets

 

 

108,328

 

 

 

87,991

 

Deferred tax liabilities

 

 

 

 

 

 

Depreciable assets

 

 

(676

)

 

 

(948

)

Total deferred tax liabilities

 

 

(676

)

 

 

(948

)

Less: Valuation allowance

 

 

(107,652

)

 

 

(87,043

)

Deferred tax assets, net

 

$

 

 

$