Annual report [Section 13 and 15(d), not S-K Item 405]

Income Taxes - Schedule of Net Deferred Tax Assets (Details)

v3.25.1
Income Taxes - Schedule of Net Deferred Tax Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Net operating loss carryforwards $ 42,454 $ 29,047
Research and development expenses, net 10,898 2,982
Lease liability 785 898
Research and development tax credits [1] 601
Other 838 200
Total deferred tax assets 55,576 33,127
Deferred tax liabilities:    
Right of use assets (847) (964)
IPR&D - Intangible Asset (127)
Private Placement Warrants (5,571)
Fixed assets (190) (16)
Total deferred tax liabilities (6,735) (980)
Valuation allowance (48,841) (32,147)
Net deferred tax assets
[1] Research and development tax credits will begin to expire in 2038.