Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Net Deferred Tax Assets Components

Significant components of the Company’s net deferred tax assets are summarized as follows (in thousands):

	December 31, 2022			December 31, 2021
Deferred tax assets:
Net operating loss carryforwards	$	42,243		$	36,898
Intangibles		189			3,565
Research and development capitalization		3,839			—
Accrued compensation		2,282			1,284
Credits		8,013			7,107
Fixed assets		10			6
Other, net		88			74
Right-of-use liability		25			36
Deferred tax assets		56,689			48,970
Deferred tax liabilities:
Right-of-use asset		(23	)		(35	)
Deferred tax liabilities		(23	)		(35	)
Net deferred tax assets		56,666			48,935
Valuation allowance		(56,666	)		(48,935	)
Net deferred tax assets	$	—		$	—

Schedule of Components of Income Tax Expense (Benefit)

A reconciliation of the income tax computed at the federal statutory tax rate to the expense (benefit) for income taxes for the years ended December 31, 2022 and 2021 is as follows (in thousands):

	December 31, 2022			December 31, 2021
Tax at statutory rate	$	(4,760	)	$	3,318
State income taxes, net of federal benefits		(2,076	)		(1,853	)
Change in valuation allowance		7,726			8,515
Uncertain tax positions		586			569
Gain on change in fair value of earn-out liability		(2,546	)		(10,271	)
Permanent differences and other		281			636
Transaction costs		244			—
Capitalized R&D		3,381			510
LWAC net operating loss		(1,370	)		—
Credits		(1,466	)		(1,424	)
Income tax expense	$	—		$	—

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2022 and 2021, excluding interest and penalties, is as follows (in thousands):

	December 31, 2022		December 31, 2021
Balance at beginning of the year	$	8,235	$	7,623
Additions/(reductions) for tax positions - prior year		—		—
Increase related to current year positions		625		612
Balance at the end of the year	$	8,860	$	8,235