Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rate differed from the statutory federal income tax rate due to the following:

	YEAR ENDED DECEMBER 31,
	2021			2020
Federal income taxes at 21%		21.00	%		21.00	%
State income taxes, net of federal benefit and tax credits	6.90				6.04
Permanent differences	(0.19)				(1.60	)
Research and development credit	2.12				2.03
Change in valuation allowance	(29.30)				(26.96	)
Other adjustments	(0.53)				(0.51	)
		0.00	%		0.00	%

Schedule of Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s net deferred tax assets and liabilities as of December 31, 2021 and 2020 are as follows (in thousands):

	YEAR ENDED DECEMBER 31,
	2021			2020
Deferred Tax Assets:
Net operating losses	$	48,419		$	30,192
Tax credits		4,376			2,921
Deferred revenue		—			3,057
Accrued expenses		859			225
Right of Use Liabilities		1,633			0
Other		548			289
Total deferred tax assets		55,835			36,684
Valuation allowance		(49,079	)		(31,963	)
Total net deferred tax assets		6,756			4,721
Deferred Tax Liabilities:
Intangibles assets		7,952			7,891
Fixed assets		563			253
Right of Use Assets		1,372			0
Other		330			38
Total deferred tax liabilities		10,217			8,182
Total net deferred tax liabilities		(3,461	)	$	(3,461	)

Schedule of Reconciliation of Total Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in thousands):

	YEAR ENDED DECEMBER 31,
	2021			2020
Balance, beginning of year	$	1,318		$	1,004
Additions for tax positions of current year		507			—
Additions for tax positions of prior years		(3	)		314
Balance, end of year	$	1,822		$	1,318