Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Loss before Income Taxes

The components of loss before provision for income taxes were as follows (in thousands):

	Year ended December 31,
	2024		2023
Domestic	$	(44,671)	$	(36,776)
Foreign	—		—
Total	$	(44,671)	$	(36,776)

Schedule of Provision for Income Tax

The provision for income taxes differed from the amount computed by applying the federal statutory rate, which was 21.0% during the years ended December 31, 2024 and 2023, to the loss before provision for income taxes as follows (in thousands):

	Year ended December 31,
	2024			2023
U.S. federal statutory tax rate	21.0		%	21.0		%
Expected benefit at U.S. federal statutory tax rate	(9,381)			(7,723)
State tax	(277)			(1,449)
Change in valuation allowance	9,323			8,228
Stock-based compensation	543			424
Transaction costs	—			515
Other	(208)			5
Provision for income taxes	$	—		$	—

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets and deferred tax liabilities were as follows (in thousands):

	December 31,
	2024		2023
Deferred tax assets:
Net operating loss (“NOL”) carryforwards	$	23,045	$	16,699
Operating lease liabilities	8,434		9,078
Tax credits	1,515		1,080
Capitalized research and development	2,490		1,511
Accruals and other	1,560		1,016
Stock-based compensation	892		715
Total deferred tax assets	37,936		30,099
Valuation allowance	(30,451)		(21,128)
Deferred tax assets	7,485		8,971
Deferred tax liabilities:
Operating lease right-of-use assets	(7,485)		(8,971)
Net deferred taxes	$	—	$	—

Summary of Operating Loss Carryforwards

NOL and tax credit carryforwards were as follows as of December 31, 2024 (in thousands):

	Amount		Expiration years
NOL, federal (after December 31, 2017)	$	87,642	Do not expire
NOL, federal (before January 1, 2018)	$	3,799	2037
NOL, state	$	54,194	2037 to 2044
Tax credits, federal	$	1,334	2037 to 2044
Tax credits, state	$	867	Do not expire

Schedule of Unrecognized Tax Benefits Roll Forward

a reconciliation of the unrecognized tax benefits (in thousands):

	Year ended December 31,
	2024		2023
Balance at beginning of year	$	393	$	297
Addition based on tax positions during the current year	158		96
Reduction of tax positions from prior years	—		—
Balance at end of year	$	551	$	393