Annual report pursuant to Section 13 and 15(d)

Income Taxes - Summary of Principal Components of Company's Deferred Tax Assets (Details)

v3.24.1
Income Taxes - Summary of Principal Components of Company's Deferred Tax Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
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