Income Tax (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes and Income Taxes Computed

Significant components of the Company’s provision for income taxes and income taxes computed using the U.S. federal statutory corporate tax rate were as follows (in thousands):

	For the Year Ended December 31,
	2021			2020			2019
Statutory rate	$	(16,530	)	$	(15,478	)	$	(5,647	)
State tax		(5,383	)		(5,158	)		(2,351	)
Other permanent items		30			(280	)		17
Federal return to provision		144			—			—
Research and development credit		(4,539	)		—			(692	)
Change in valuation allowance		25,309			20,916			8,673
Stock-based compensation		969			—			—
Provisions for income taxes	$	—		$	—		$	—

Significant Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred taxes were as follows (in thousands):

	As of December 31,
	2021			2020
Deferred tax assets:
Net operating loss carryforward	$	55,488		$	36,740
Research and development credits		7,706			3,319
Deferred rent		—			214
Accruals and other		5,185			2,636
Intangible		6,369			6,836
Lease liability		3,482			—
Gross deferred tax assets		78,230			49,745
Less valuation allowance		(74,816	)		(49,507	)
Total deferred tax assets		3,414			238
Deferred tax liabilities:
Fixed assets		(114	)		(238	)
Right of use assets		(3,300	)		—
Total deferred tax liabilities		(3,414	)		(238	)
Deferred income taxes, net	$	—		$	—