Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Summary of Effective Income Tax Rate

The effective income tax rate differed from the amount computed by applying the federal statutory rate to the Company’s loss before income taxes as follows:

	December 31,
	2022			2021
Tax effected at statutory rate		21.0	%		21.0	%
State taxes		7.0			5.7
Stock-based compensation		(0.5	)		(0.1	)
162(m) limitation		(0.7	)		—
Federal research & development credits		1.3			0.3
Change in valuation allowance		(28.1	)		(26.9	)
Total		—	%		—	%

Summary of Total Deferred Tax Assets

The Company's total deferred tax assets at December 31, 2022 and 2021 are as follows (in thousands):

	December 31,
	2022			2021
Deferred Tax Assets
Net operating loss carryforward	$	6,137		$	3,697
R&D credit carryovers		1,015			160
Section 174 R&D amortization		5,093			—
Operating lease liabilities		1,309			1,474
Accrued expenses and other current liabilities		528			257
Capitalized licenses		2,039			1,399
Other		226			110
		16,347			7,097
Valuation allowance		(14,562	)		(5,588	)
Deferred tax asset		1,785			1,509
Deferred Tax Liabilities
Property and equipment		(531	)		(73	)
Operating lease right-of-use assets		(1,254	)		(1,436	)
Deferred tax liability		(1,785	)		(1,509	)
Net deferred tax asset	$	—		$	—