Income Taxes

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

14. Income Taxes

The Company recognized no income tax expense during the three months ended March 31, 2022, compared to an income tax benefit of $48,000 during the three months ended March 31, 2021. The income tax benefit during the three months ended March 31, 2021 was due to the tax effect of the reduction in the deferred tax liability associated with the basis differences from IPR&D.

The Company maintains a full valuation allowance against its deferred tax assets due to the Company’s history of losses as of March 31, 2022.