Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Components of Income Tax Benefit

The components of the income tax benefit for the periods shown are as follows:


		Year Ended December 31,
		2024				2023
Current:
Federal		$	—			$	—
State			(30	)			(32	)
			(30	)			(32	)
Deferred:
Federal			—				—
State			—				—
			—				—
Income tax benefit		$	(30	)		$	(32	)

Reconciliation Between Income Tax Benefit and Expected Tax Benefit at Statutory Rate

The following table provides a reconciliation between income tax benefit and the expected tax benefit at the statutory rate:


		Year Ended December 31,
		2024				2023
Federal statutory income tax rate			21.0	%			21.0	%
State income tax benefit—net of federal tax			5.5				5.8
R&D tax credits			2.3				2.9
Refundable tax credit			0.1				0.1
Other			0.1				—
Permanent adjustments			(1.9	)			(0.6	)
Change in valuation allowance			(27.0	)			(29.1	)
Effective income tax rate			0.1	%			0.1	%

Significant Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:


		December 31,
		2024				2023
Net operating loss carryforwards		$	53,797			$	50,305
Capitalized R&D			17,239				9,662
Federal and state tax credits			7,532				6,440
Other			4,232				3,647
Deferred tax assets			82,800				70,054

Other			(351	)			(552	)
Deferred tax liabilities			(351	)			(552	)

Valuation allowance			(82,449	)			(69,502	)
Net deferred tax asset		$	—			$	—