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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Net loss by Jurisdiction

Net loss by jurisdiction consists of the following:

 

 

 

For the Years Ended December 31,

 

 

 

2017

 

 

2016

 

 

 

(in thousands)

 

Domestic

 

$

28,281

 

 

$

41,821

 

Foreign

 

 

1,216

 

 

 

1,033

 

Total

 

$

29,497

 

 

$

42,854

 

 

Schedule of Reconciliation Between Effective Tax Rates and Statutory Rates

A reconciliation between the effective tax rates and statutory rates for the years ended December 31, 2017 and 2016 is as follows:

 

 

 

For the Years Ended December 31,

 

 

2017

 

 

 

2016

 

 

Computed at statutory rate

 

 

34.00

 

%

 

 

34.00

 

%

State income taxes

 

 

4.34

 

 

 

 

4.76

 

 

Tax credits

 

 

1.76

 

 

 

 

3.38

 

 

Other

 

 

(6.04

)

 

 

 

(1.74

)

 

Federal rate change

 

 

(79.56

)

 

 

 

 

 

Valuation allowance

 

 

45.50

 

 

 

 

(40.40

)

 

 

 

 

 

%

 

 

 

%

 

Schedule of Tax Effect of Significant Temporary Differences Representing Deferred Tax Assets and Liabilities

The tax effect of significant temporary differences representing deferred tax assets and liabilities as of December 31, 2017 and 2016 is as follows:

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

 

 

(in thousands)

 

Net operating loss (“NOL”) and credit carryforwards

 

$

37,252

 

 

$

43,765

 

Capitalized research and development costs

 

 

16,115

 

 

 

22,775

 

Other

 

 

1,722

 

 

 

1,963

 

Valuation allowance

 

 

(55,089

)

 

 

(68,503

)

 

 

$

 

 

$

 

 

Schedule of Change in Unrecognized Tax Benefits

The change in unrecognized tax benefits for each of the years ended December 31, 2017 and 2016 is as follows:

 

 

 

For the Years Ended December 31,

 

 

 

2017

 

 

2016

 

 

 

(in thousands)

 

Balance at January 1,

 

$

488

 

 

$

333

 

Additions for prior year tax positions

 

 

(4

)

 

 

6

 

Additions for current year tax positions

 

 

51

 

 

 

149

 

 

 

$

535

 

 

$

488