Equity Incentive Plan and Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Total Stock-Based Compensation

The following table summarizes the components of stock-based compensation expense recognized in the Company’s condensed statements of operations and comprehensive loss during the three and six months ended June 30, 2022 and 2021 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Research and development expenses	$	433	$	62	$	641	$	68
General and administrative expenses		809		117		1,050		119
Total	$	1,242	$	179	$	1,691	$	187

Summary of Stock Plan Activity

A summary of the stock plan activity is as follows:

	Total Options Outstanding			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life		Aggregate Intrinsic Value
Outstanding at December 31, 2021		1,589,120		$	5.95		9.27	$	5,482
Granted		911,203			16.18
Forfeited		(31,832	)		6.60
Outstanding at June 30, 2022		2,468,491		$	9.72		9.17	$	3,280
Exercisable as of June 30, 2022		628,431		$	4.89		8.49	$	2,359