Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Federal Statutory Income Tax Rate

The effective tax rate of the Company's provision (benefit) for income taxes differs from the federal statutory rate as follows:

	For the Year Ended December 31,
	2022			2021
Statutory rate		21.00	%		21.00	%
State tax		0.25	%		0.20	%
Research and development tax credits		4.91	%		7.68	%
Other permanent differences		(0.55	)%		(1.12	)%
Change in valuation allowance		(25.61	)%		(27.76	)%
Income tax provision (benefit)		0.00	%		0.00	%

Schedule of Significant Components of Net Deferred Tax Asset

At December 31, 2022 and 2021, the significant components of the Company’s net deferred tax assets and liabilities are as follows (in thousands):

	For the Year Ended December 31,
	2022			2021
Deferred tax assets:
Net operating loss carryforwards	$	45,609		$	37,005
Tax credit carryforwards		23,216			14,813
Accruals and reserves		689			1,467
Other		1			103
Intangibles		4,607			4,169
Non-qualified stock options		3,647			674
R&E expenditures		15,563			—
Lease liabilities		4,574			—
Right-of-use asset impairments		5,525			—
Total deferred tax assets		103,431			58,231
Deferred tax liabilities
Right-of-use assets		(2,308	)		—
Fixed assets		(47	)		—
Total deferred tax liabilities		(2,355	)		—
Valuation allowance		(101,076	)		(58,231	)
Net deferred taxes	$	—		$	—