Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Reconciliation of Effective Income Tax Expense (Benefit)

A reconciliation of income tax expense (benefit) computed at the statutory federal income tax rate of 34 percent to income tax expense (benefit) as reflected in the financial statements is as follows:

	Years Ended December 31,
	2015			2014			2013
Federal income tax benefit at statutory rate	$	(7,756	)	$	(1,089	)	$	—
State income tax benefit, net of federal benefit		(1,511	)		(264	)		(537	)
Change in income tax rates upon conversion to C-corporation		—			427			—
Federal deferred tax assets upon conversion to C-corporation		—			(105	)		—
Step-up in assets upon conversion to C-corporation		(709	)		(448	)		—
Stock-based compensation expense for incentive stock options		283			98			—
Imputed interest on related party promissory notes		—			52			—
Taxable gain upon conversion to C-corporation		—			73			—
Other non-deductible expenses and reconciling items		240			4			—
Change in valuation allowance		9,453			1,252			537
Total income tax expense (benefit)	$	—		$	—		$	—

Components of Deferred Tax Assets

The significant components of the Company’s deferred tax assets are as follows:

	December 31,
	2015			2014
Deferred tax assets:
Net operating loss carryforwards	$	9,254		$	1,844
Step-up in assets upon conversion to C-corporation		1,046			438
Stock-based compensation expense for non-qualified stock options		855			31
Unrealized losses on marketable securities		284			—
Deferred rent		97			—
Accruals and other		568			42
Total deferred tax assets before valuation allowance		12,104			2,355
Valuation allowance		(12,093	)		(2,355	)
Total deferred tax assets		11			—
Deferred tax liabilities:
Depreciation		(11	)		—
Total deferred tax liabilities		(11	)		—
Net deferred tax assets	$	—		$	—