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INCOME TAXES
3 Months Ended
Mar. 31, 2019
Income Taxes  
Income Taxes

Note 14—Income Taxes

At March 31, 2019, the Company maintained a full valuation allowance against all of its deferred tax assets (“DTAs”), including federal and state net operating loss carryforwards. This treatment reflects the Company’s assessment that, in considering all available evidence, it was not more likely than not at such reporting date that its DTAs would be realized. In making its assessment, the Company considered the extent to which the potential effect of positive and negative evidence was objectively verifiable. However, the Company believes it is reasonably possible that, within the next 12 months, the portion of DTAs for which a valuation allowance is maintained could materially change due to potential changes in the Company’s investment strategy and other factors. Should this occur, the release of a portion or all of the valuation allowance would result in the recognition of certain net DTAs and a decrease to income tax expense during the reporting period in which the release is recorded. However, the exact timing and amount of any potential valuation allowance release is based upon future circumstances, such as the level of profitability that the Company objectively expects to achieve, and therefore cannot be predicted at this time.