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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Taxes  
Schedule of tax effects of temporary differences that give rise to significant portions of deferred tax assets

 

 

December 31

 

 

 

2015

 

2014

 

Deferred tax assets:

 

 

 

 

 

 

 

Net operating loss carryforwards

 

$

54,197

 

$

46,853

 

Research credit carryforward

 

 

4,527

 

 

3,683

 

Stock options and other

 

 

1,474

 

 

795

 

​  

​  

​  

​  

Total gross deferred tax assets

 

 

60,198

 

 

51,331

 

Valuation allowance for deferred tax assets

 

 

(60,198

)

 

(51,331

)

​  

​  

​  

​  

Net deferred tax assets

 

$

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of reconciliation of U.S. statutory income tax rate to effective tax rate

 

 

 

December 31,

 

 

 

2015

 

2014

 

2013

 

Federal income tax at statutory rate

 

 

34.0 

%

 

34.0 

%

 

34.0 

%

State income tax benefit, net of federal benefit

 

 

6.0 

%

 

6.0 

%

 

5.7 

%

Research and development tax credits

 

 

2.0 

%

 

3.0 

%

 

2.7 

%

Other

 

 

(2.0 

)%

 

%

 

(1.4 

)%

Increase to valuation allowance

 

 

(24.0 

)%

 

(24.0 

)%

 

(41.0 

)%

​  

​  

​  

​  

​  

​  

Effective income tax rate

 

 

16.0 

%

 

19.0 

%

 

0.0 

%

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​