Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate

A reconciliation of the U.S. federal statutory income tax rate to the Company’s effective income tax rate is as follows:

	2022			2021
Federal statutory income tax rate		(21.0	)%		(21.0	)%
State income taxes, net of federal benefit		(3.5	)		(2.9	)
Federal research and development tax credits		(4.1	)		(1.4	)
Stock-based compensation		0.3			—
Change in deferred tax asset valuation allowance		28.3			25.3
Effective income tax rate		—	%		—	%

Summary of Net Deferred Tax Assets

The Company’s net deferred tax assets consisted of the following (in thousands):

	Year Ended December 31,
	2022			2021
Deferred tax assets:
Net operating loss carryforwards	$	61,653		$	51,635
Capitalized research and development		36,550			—
Research and development tax credit carryforwards		16,901			4,350
Stock-based compensation expense		8,308			4,116
Warrant expense		4,066			—
Intangibles		2,602			1,707
Operating lease liability		871			—
Other		1,269			1,160
Total gross deferred tax assets		132,220			62,968
Valuation allowance		(131,325	)		(62,968	)
Total deferred tax assets	$	895		$	—
Deferred tax liabilities:
Operating lease right-of-use assets	$	(884	)	$	—
Depreciation expense		(11	)		—
Total deferred tax liabilities		(895	)		—
Total net deferred tax assets	$	—		$	—