Income Taxes - Summary of Principal Components of Company's Deferred Tax Assets (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Deferred tax assets: | ||
Federal, state and local net operating loss carryforwards | $ 34,534 | $ 28,880 |
Capitalized research and development costs | 19,830 | 9,640 |
Research and development tax credits | 10,192 | 5,859 |
Stock-based compensation deductions | 6,066 | 3,840 |
License fee deductions | 240 | 262 |
Operating lease liabilities | 1,482 | 1,535 |
Accrued expenses | 1,665 | 1,165 |
Gross deferred tax assets | 74,009 | 51,181 |
Less: valuation allowance | (72,560) | (49,689) |
Total deferred tax assets | 1,449 | 1,492 |
Deferred tax liabilities: | ||
Operating lease right-of-use assets | (1,449) | (1,492) |
Net deferred tax assets | $ 0 | $ 0 |
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- Definition Capitalized R&D costs No definition available.
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- Definition Deferred tax assets license fees deductions. No definition available.
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- Definition Deferred Tax Assets, Operating Lease Liabilities. No definition available.
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- Definition Operating lease assets No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible state and local operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible research tax credit carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued liabilities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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