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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of Income (Loss) Before Income Taxes Attributed to Geographic Locations

 

 

December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

United States

 

$

(17,671

)

 

$

(49,850

)

 

$

(18,497

)

Foreign

 

 

(64,506

)

 

 

(7,663

)

 

 

 

Income (loss) before income taxes

 

$

(82,177

)

 

$

(57,513

)

 

$

(18,497

)

 

Summary of Statutory Federal Tax Rate to Income or Loss before Taxes

 

Income tax expense in 2015, 2014, and 2013 differed from the amount expected by applying the statutory federal tax rate to the income or loss before taxes as summarized below:

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Federal tax benefit at statutory rate

 

 

34

%

 

 

34

%

 

 

34

%

State tax benefit net of federal effect

 

 

 

 

 

 

 

 

 

Change in valuation allowance

 

 

(8

)%

 

 

(23

)%

 

 

(42

)%

Research and development credits

 

 

2

%

 

 

2

%

 

 

9

%

Non-deductible warrant

 

 

 

 

 

(7

)%

 

 

 

Foreign loss not benefitted

 

 

(27

)%

 

 

(5

)%

 

 

 

Non-deductible expenses and other

 

 

(2

)%

 

 

(1

)%

 

 

(1

)%

Total

 

 

0

%

 

 

0

%

 

 

0

%

 

Significant Components of Net Deferred Tax Assets

Significant components of the Company’s net deferred tax assets at December 31, 2015 and 2014 are as follows (in thousands):

 

 

December 31,

 

 

 

2015

 

 

2014

 

Net operating loss carry forwards

 

$

33,684

 

 

$

32,143

 

Research and development tax credits

 

 

4,982

 

 

 

2,776

 

Accruals and reserves

 

 

4,465

 

 

 

1,693

 

Depreciation and amortization

 

 

42

 

 

 

33

 

Total deferred tax assets

 

 

43,173

 

 

 

36,645

 

Less: Valuation allowance

 

 

(43,173

)

 

 

(36,645

)

Net deferred tax assets

 

$

 

 

$

 

 

Reconciliation of Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

 

 

 

Amount

 

Balance at January 1, 2013

 

$

73

 

Increases of unrecognized tax benefits taken in prior years

 

 

31

 

Increases of unrecognized tax benefits related to current year

 

 

183

 

Balance at December 31, 2013

 

$

287

 

Decreases based on tax positions taken during a prior period

 

 

(102

)

Increases based on tax positions taken during a current period

 

 

147

 

Balance at December 31, 2014

 

$

332

 

Increases based on tax positions taken during a prior period

 

 

3,562

 

Increases based on tax positions taken during a current period

 

 

167

 

Balance at December 31, 2015

 

$

4,061