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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Domestic and Foreign Components of Net Loss

The following table presents domestic and foreign components of net loss for the periods presented (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Domestic

 

$

(54,581

)

 

$

(41,599

)

 

$

(34,181

)

Foreign

 

 

(49

)

 

 

(143

)

 

 

(906

)

Total

 

$

(54,630

)

 

$

(41,742

)

 

$

(35,087

)

Schedule of Effective Tax Rate of Provision for Income Taxes Differs From Federal Statutory Rate

The effective tax rate of the provision for income taxes differs from the federal statutory rate as follows:

 

 

 

Year Ended December 31,

 

 

 

 

2021

 

 

 

2020

 

 

 

2019

 

 

Federal statutory income tax rate

 

 

21.0

 

%

 

 

21.0

 

%

 

 

21.0

 

%

State taxes, net of federal benefit

 

 

1.3

 

 

 

 

1.1

 

 

 

 

0.9

 

 

Foreign tax rate differential

 

 

0.0

 

 

 

 

0.0

 

 

 

 

0.2

 

 

Permanent differences

 

 

(2.2

)

 

 

 

(2.7

)

 

 

 

(1.7

)

 

Research and development credit

 

 

4.0

 

 

 

 

2.6

 

 

 

 

1.9

 

 

Change in valuation allowance

 

 

(24.1

)

 

 

 

(22.0

)

 

 

 

(22.3

)

 

Provision for income taxes

 

 

 

%

 

 

 

%

 

 

 

%

Schedule of Components of Deferred Tax Assets and Liabilities

The components of the deferred tax assets and liabilities are as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Deferred tax assets

 

 

 

 

 

 

 

 

 

Reserves and accruals

 

$

2,043

 

 

$

1,665

 

 

$

1,056

 

Net operating loss carryforwards

 

 

34,617

 

 

 

24,824

 

 

 

16,986

 

Research and development credit carryforwards

 

 

5,127

 

 

 

2,938

 

 

 

2,177

 

Lease Liabilities

 

 

929

 

 

 

1,148

 

 

 

1,336

 

Gross deferred tax assets

 

 

42,716

 

 

 

30,575

 

 

 

21,555

 

Valuation allowance

 

 

(41,771

)

 

 

(29,410

)

 

 

(20,196

)

Net deferred tax assets

 

 

945

 

 

 

1,165

 

 

 

1,359

 

Deferred tax liabilities

 

 

 

 

 

 

 

 

 

Property and equipment

 

 

(375

)

 

 

(469

)

 

 

(557

)

Right-of-use asset

 

 

(570

)

 

 

(696

)

 

 

(802

)

Net deferred tax assets

 

$

 

 

$

 

 

$

 

Reconciliation of Unrecognized Tax Benefits A reconciliation of the Company’s unrecognized tax benefits for the year ended December 31, 2021 and 2020 is as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Balance at the beginning of the year

 

$

868

 

 

$

 

Increase related to prior year tax positions

 

 

 

 

 

381

 

Increase related to current year tax positions

 

 

775

 

 

 

487

 

Balance at the end of the year

 

$

1,643

 

 

$

868