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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule Of Reconciliation Of The statutory federal Rate And The Company's Effective Tax Rate

The following table presents a reconciliation of the statutory federal rate and the Company’s effective tax rate:

 

 

Years Ended December 31,

 

 

2023

 

 

2022

 

Federal statutory income tax rate

 

 

21.00

%

 

 

21.00

%

State taxes, net of federal benefit

 

 

3.62

%

 

 

3.85

%

Permanent differences

 

 

(0.29

)%

 

 

(0.66

)%

Other credits

 

 

1.07

%

 

 

2.27

%

Foreign rate differential

 

 

(0.08

)%

 

 

0.06

%

Foreign true-ups

 

 

0.14

%

 

 

 

Other

 

 

(3.69

)%

 

 

(0.01

)%

Change in valuation allowance

 

 

(21.79

)%

 

 

(26.51

)%

Provision for income taxes

 

 

(0.03

)%

 

%

 

Schedule of Deferred Income Tax Assets and Liabilities

The following table presents the significant components of the Company’s deferred tax assets and liabilities for the periods presented:

 

 

Years Ended December 31,

 

 

2023

 

 

2022

 

Deferred tax assets (liabilities):

 

 

 

 

 

 

Accruals

 

$

1,197

 

 

$

636

 

Stock-based compensation

 

 

494

 

 

 

1,223

 

Fixed assets

 

 

20

 

 

 

33

 

Intangible assets

 

 

339

 

 

 

374

 

Unrealized gain

 

 

34

 

 

 

29

 

Prepaid assets

 

 

(22

)

 

 

(64

)

Capitalized research and development costs under Section 174

 

 

7,359

 

 

 

5,696

 

Net operating loss carryforwards

 

 

26,289

 

 

 

22,999

 

Research and development credits

 

 

3,175

 

 

 

3,181

 

Research and development credits unrecognized tax benefits

 

 

(317

)

 

 

(318

)

Valuation allowance

 

 

(38,568

)

 

 

(33,789

)

Net deferred tax assets (liabilities)

 

$

 

 

$

 

Schedule Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

 

 

Years Ended December 31,

 

 

2023

 

 

2022

 

Balance at the beginning of the year

 

$

318

 

 

$

319

 

Additions for tax positions taken in the current year

 

 

 

 

 

37

 

Reduction for prior tax positions

 

 

(1

)

 

 

(38

)

Balance at the end of the year

 

$

317

 

 

$

318