Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the federal statutory income tax provision for the Company’s effective income tax provision (in thousands):

	Year Ended December 31,
	2021		2020
Tax at federal statutory rate	$	(13,250)	$	(10,042)
State taxes, net of federal effect	63		42
Non-deductible expenses	156		67
Foreign tax rate differential	259		—
Stock based compensation	(3,086)		1,077
Change in valuation allowance	15,712		8,814
Other	226		98
Provision for income taxes	$	80	$	56

Schedule of Deferred Tax Assets and Liabilities

The significant components of the Company’s deferred tax assets and liabilities consisted of (in thousands):

	December 31,
	2021		2020
Deferred tax assets:
Accruals and reserves	$	2,043	$	2,472
Inventory and deferred revenue	770		690
Stock compensation	2,128		1,151
Other	1,417		670
Net operating loss carryforwards	75,804		53,550
Gross deferred tax assets	82,162		58,533
Less: valuation allowance	(75,348)		(56,581)
Total deferred tax assets	6,814		1,952
Deferred tax liabilities:
Fixed assets	(4,876)		(1,952)
Intangibles	(1,938)		—
Gross deferred tax liabilities	(6,814)		(1,952)
Net deferred tax assets	$	—	$	—