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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of Reconcilation of Differences Between Income Taxes

The following reconciles the differences between income taxes computed at the federal income tax rate and the provision for income taxes:

 

     Year Ended December 31,  
         2013             2014      

Expected income tax benefit at the federal statutory rate

     34.0 %      34.0 % 

State taxes, net of federal benefit

     1.5        3.7   

Change in effective tax rate

     0.0        1.3   

Non-deductible items and other

     (2.1 )      0.4   

Federal and state credits

     2.0        1.2   

Change in valuation allowance

     (35.4 )      (40.6 ) 
  

 

 

   

 

 

 

Total

     0.0 %      0.0 % 
  

 

 

   

 

 

 
Schedule of Deferred Tax Assets

The principal components of the Company’s net deferred tax assets consisted of the following at December 31, 2013 and 2014 (in thousands):

 

     December 31,  
     2013      2014  

Net operating loss carryforwards

   $ 33,248       $ 46,024   

Research and development tax credits

     2,041         2,441   

Reserves and accruals

     2,728         724   

Other

     376         2,948   
  

 

 

    

 

 

 
     38,393         52,137   

Total deferred tax assets

     (38,393 )       (52,137 ) 
  

 

 

    

 

 

 

Net deferred tax assets

   $ —         $ —