Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

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,
	2024			2023
Statutory rate		21.00	%		21.00	%
State tax		0.03	%		0.33	%
Research and development tax credits		5.89	%		(18.98	)%
Other permanent differences		(0.03	)%		(0.67	)%
Change in valuation allowance		(23.50	)%		8.10	%
Change in fair value of term loan and warrant liability		(1.11	)%		(6.83	)%
Stock-based compensation		(2.28	)%		(2.93	)%
Income tax provision (benefit)		0.00	%		0.00	%

Schedule of Significant Components of Net Deferred Tax Asset

At December 31, 2024 and 2023, the significant components of the Company’s net deferred tax assets and liabilities are as follows (in thousands):

	For the Year Ended December 31,
	2024			2023
Deferred tax assets:
Net operating loss carryforwards	$	57,034		$	47,373
Tax credit carryforwards		7,328			1,961
Accruals and reserves		1,209			1,020
Other		3,429			3,978
Intangibles		4,671			4,888
Non-qualified stock options		4,433			2,585
R&E expenditures		27,709			22,497
Lease liabilities		4,116			4,452
Impairment of long-lived assets		6,115			5,509
Total deferred tax assets		116,044			94,263
Deferred tax liabilities
Right-of-use assets		(1,912	)		(2,224	)
Fixed assets		—			(2	)
Total deferred tax liabilities		(1,912	)		(2,226	)
Valuation allowance		(114,132	)		(92,037	)
Net deferred taxes	$	—		$	—