INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax

Income (loss) before income tax expense consists of the following:

	December 31,
	2021		2020
Domestic	$	(125,328)	$	(66,992)
Foreign	(268)		(262)
Total loss before income taxes	$	(125,596)	$	(67,254)

Schedule of Income Tax Rate Reconciliation

A reconciliation of income taxes computed using the U.S. federal statutory rate to that reflected in operations as of December 31, 2021 and 2020, respectively, is as follows:

	December 31,
	2021		2020
U.S. federal statutory income tax rate	21.0	%	21.0	%
State and local taxes, net of federal benefit	4.1	%	3.4	%
Permanent differences	(0.1)	%	0.0	%
Stock compensation	(0.4)	%	(0.8)	%
Research and development credits	2.6	%	2.2	%
Change in valuation allowance	(27.2)	%	(26.5)	%
Other	0.0	%	0.7	%
Effective income tax rate	0.0	%	0.0 %

Schedule of Deferred Tax Assets

The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets were as follows:

	Tax year ended December 31,
	2021		2020
Deferred tax assets (liabilities):
Net operating loss carryforwards	$	52,568	$	24,059
Research and development tax credits	5,439		2,477
Operating lease liabilities	7,172		2,147
Accruals and other	1,251		680
Stock-based compensation	3,835		1,434
Total deferred tax assets	70,265		30,797
Valuation Allowance	(63,014)		(28,709)
Subtotal	7,251		2,088
Right-of-use assets	(7,236)		(2,063)
Net fixed assets	(15)		(25)
Net deferred tax assets	$	—	$	—