Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Taxes

The components of the Company's loss before income taxes were as follows (in thousands):

	Year ended December 31,
	2023			2022
United States	$	(27,375	)	$	(48,191	)
International		(4,207	)		(3,753	)
Total	$	(31,582	)	$	(51,944	)

Schedule of Components of Benefit for Income Taxes

The components of the Company's benefit for income taxes were as follows:

		Year ended December 31,
(in thousands)		2023				2022
Current expense (benefit):
Federal	$		—		$		—
State			—				—
Foreign			61				—
Total current expense (benefit):			61				—
Deferred expense (benefit):
Federal			(248	)			284
State			—				—
Foreign			(10	)			—
Total deferred expense (benefit):			(258	)			284
Total income tax expense (benefit)	$		(197	)	$		284

Schedule of Provision for Income Taxes Differs From the Amount Expected by Applying the Federal Statutory Rate to Loss Before Taxes

The provision for income taxes differs from the amount expected by applying the federal statutory rate to the loss before taxes as follows:

	Year ended December 31,
	2023				2022
Federal statutory income tax rate		21.00		%		21.00		%
State income taxes		4.47				0.89
Income tax credits		1.07				1.49
Stock based compensation		(26.35	)			(0.82	)
Non-deductible expenses and others		(1.25	)			(3.38	)
Change in valuation allowance		1.68				(18.63	)
		0.62		%		0.55		%

Schedule of Components of Deferred Tax Assets

As of December 31, 2023 and 2022, the components of the Company’s deferred tax assets are as follows (in thousands):

	Year ended December 31,
	2023			2022
Deferred tax asset:
Federal and State net operating loss carryforwards	$	81,881		$	49,481
Stock based compensation		2,401			9,667
Other accruals		527			515
Capitalized research and development expense		3,220			3,094
Tax credits		8,343			7,970
Disallowed interest expense carryforward		1,043			—
Gross deferred tax asset		97,415			70,727
Valuation allowance		(85,111	)		(69,692	)
Total deferred tax assets		12,304			1,035
Deferred tax liabilities:
Property and equipment		—			(11	)
Capitalized leases		—			(32	)
IP R&D		(17,608	)		(1,239	)
Gross deferred tax liabilities		(17,608	)		(1,282	)
Net deferred tax liabilities	$	(5,304	)	$	(247	)

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

	Year ended December 31,
	2023		2022
Beginning balance	$	3,688	$	3,249
Additions for tax positions taken in a prior year		200		—
Additions for tax positions taken in a current year		451		439
Ending balance	$	4,339	$	3,688