v3.22.2.2
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of reconciliation of the provision computed at the federal statutory rate to the provision for income taxes
A reconciliation of the provision computed at the federal statutory rate to the provision for income taxes included in the accompanying statements of operations for the Company is as follows.
 
    
For the Years Ended
  
    
December 31,
2021
    
December 31,
2020
  
Income tax provision at statutory rate
      21 %      21 % 
State income taxes, net of federal benefit
      5 %      6 % 
Interest expense
      -3 %      0 % 
Loss on extinguishment of debt
      -4 %      0 % 
Other
      - %      -3 % 
Change in valuation allowance
      -19 %      -24 % 
  
 
 
    
 
 
  
Effective income tax rate
      0 %      0 % 
  
 
 
    
 
 
  
Schedule of net deferred tax assets
The tax effects of temporary differences and carryforwards that give rise to significant portions of the net deferred tax assets are presented below:
 
    
For the Years Ended
  
    
December 31,
2021
     
December 31,
2020
  
Deferred tax assets:
                  
Net operating loss carryforwards
    $ 4,172      $ 2,607  
Derivative liability
      —          81  
Research and development credits
      98        61  
Lease liability
      198        —    
Other temporary differences
      63        56  
    
 
 
     
 
 
  
Total deferred tax assets
      4,531        2,805  
Valuation allowance
      (4,339 )       (2,724 ) 
    
 
 
     
 
 
  
Deferred tax assets recognized
      192        81  
    
 
 
     
 
 
  
Deferred tax liabilities:
                  
Debt discount
      —          (81 ) 
Right-of-use
assets
      (192 )       —    
    
 
 
     
 
 
  
Total deferred tax liabilities
      (192 )       (81 ) 
    
 
 
     
 
 
  
Net deferred tax assets
    $ —        $ —    
    
 
 
     
 
 
  
Schedule of reconciliation of the beginning and ending amount of gross unrecognized tax positions
A reconciliation of the beginning and ending amount of gross unrecognized tax positions is as follows:
 
    
For the Years Ended
  
    
December 31,
2021
     
December 31,
2020
  
Unrecognized tax benefits, beginning of year
    $ 33      $ 26  
Additions related to current year tax positions
      20        7  
    
 
 
     
 
 
  
Net deferred tax assets
    $ 53      $ 33