Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Reconciliation of Federal Statutory Income Tax Rate and Effective Income Tax Rate

A reconciliation of the federal statutory income tax rate and the effective income tax rate is as follows for the years ended December 31, 2018 and 2017:

	December 31,
	2018			2017
	(%)			(%)
Federal statutory rate		21			34
Change in valuation allowance		(1	)	—
Warrant liability FMV adjustment		1			(8	)
Research and development credits		4			3
Removal of net operating loss and other credits		(22	)		33
Impact of federal tax rate change	—				(65	)
Stock compensation and other permanent items		(3	)		3
Effective income tax rate	—			—

Summary of Significant Components of Deferred Tax Assets

Significant components of the Company’s deferred tax assets at December 31, 2018 and 2017 are as follows:  

	December 31,
	2018			2017
Acquired technology	$	81,000		$	103,000
Stock compensation expense		574,000			490,000
Accruals and other		244,000			216,000
Total deferred tax assets		899,000			809,000
Less valuation allowance		(899,000	)		(809,000	)
Net deferred tax assets	$	—		$	—