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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Income Taxes  
Schedule of tax effects of temporary differences that give rise to significant portions of deferred tax assets

 

 

 

 

 

 

 

 

 

December 31, 

 

    

2019

    

2018

Deferred tax assets:

 

 

                 

 

 

                 

Net operating loss carryforwards

 

$

55,216

 

$

51,240

Research credit carryforward

 

 

7,609

 

 

6,904

Stock options and other

 

 

3,225

 

 

2,655

Total gross deferred tax assets

 

 

66,050

 

 

60,799

Valuation allowance for deferred tax assets

 

 

(66,050)

 

 

(60,799)

Net deferred tax assets

 

$

 —

 

$

 —

 

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

 

 

 

 

 

 

 

 

 

 

December 31, 

 

 

    

2019

    

2018

    

2017

 

Federal income tax at statutory rate

 

21.0

%  

21.0

%  

34.0

%

State income tax benefit, net of federal benefit

 

7.0

%  

6.0

%  

6.0

%

Research and development tax credits

 

4.0

%  

3.0

%  

3.0

%

Effect of tax rate changes

 

0.0

%  

0.0

%

-94.0

%

Other

 

-4.0

%  

-4.0

%  

-1.0

%

Decrease (increase) to valuation allowance

 

-28.0

%  

-24.0

%  

52.0

%

Effective income tax rate

 

0.0

%  

2.0

%  

0.0

%