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Income taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income taxes  
Schedule of significant components of deferred income tax assets and liabilities

 

 

 

 

 

 

 

 

 

 

December 31, 

 

    

2018

    

2017

 

 

(in thousands)

Deferred Tax Assets:

 

 

 

 

 

 

Net operating loss

 

$

37,818

 

$

32,193

Share-based compensation

 

 

1,757

 

 

1,340

R&D tax credit

 

 

2,378

 

 

1,696

Other reserves

 

 

1,616

 

 

1,069

Capital lease liability

 

 

390

 

 

563

State deferreds

 

 

1,236

 

 

397

Inventory

 

 

103

 

 

829

Accrued rebates

 

 

4,902

 

 

561

Other current assets

 

 

 —

 

 

319

Other

 

 

2,456

 

 

2,597

Total deferred tax assets

 

 

52,656

 

 

41,564

Deferred Tax Liabilities:

 

 

 

 

 

 

Intangible assets

 

 

(1,571)

 

 

(1,846)

Property and equipment

 

 

(999)

 

 

(747)

Total deferred tax liabilities

 

 

(2,570)

 

 

(2,593)

Valuation allowance

 

 

(50,086)

 

 

(38,971)

Net deferred tax asset (liability)

 

$

 —

 

$

 —

 

Schedule of gross unrecognized tax benefits

 

 

 

 

 

 

 

 

 

 

December 31, 

 

    

2018

    

2017

 

 

 

(in thousands)

Beginning Balance

 

$

7,261

 

$

5,081

Decrease based on tax positions taken during a current period

 

 

(3,305)

 

 

2,180

Ending Balance

 

$

3,956

 

$

7,261

 

Schedule of reconciliation of Federal statutory tax rate

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31, 

 

 

    

2018

    

2017

 

U.S. Statutory Tax Rate

 

21

%  

34

%

Change in Valuation Allowance

 

(21.5)

%  

44

%

Deferred Tax Adjustments

 

 0

%

(47)

%

Federal Rate Change

 

 0

%  

(31)

%  

State tax expense, net

 

1.8

%  

 2

%

Provision to Return and Other Adjustments

 

(1.3)

%  

(2)

%

Tax Expense / (Benefit)

 

 0

%  

 0

%