Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Loss Before Provision for Income Taxes

The Company is subject to U.S. federal and various state corporate income taxes as well as taxes in foreign jurisdictions for the foreign parent and where foreign subsidiaries have been established. For the years ended December 31, 2016, 2015 and 2014, the loss before provision for income taxes consist of the following (in thousands):

	Year ended December 31,
	2016			2015			2014
Domestic	$	3,322		$	593		$	—
Foreign		(26,040	)		(26,414	)		(6,863	)
Total	$	(22,718	)	$	(25,821	)	$	(6,863	)

Schedule of Provision for (Benefit from) Income Taxes

The provision for (benefit from) income taxes consist of the following (in thousands):

	Year ended December 31,
	2016			2015			2014
Current income taxes:
Federal	$	(649	)	$	(23	)	$	—
State		11			(12	)		—
Foreign		17			(26	)		(11	)
Total current income taxes		(621	)		(61	)		(11	)
Deferred income taxes:
Federal		30			(37	)		—
State		105			65			—
Foreign		2			26			74
Total deferred income taxes		137			54			74
Total income tax (provision) benefit	$	(484	)	$	(7	)	$	63

Schedule of Reconciliation of Income Tax Expense Computed at Statutory Corporate Income Tax Rate to Effective Income Tax Rate

A reconciliation of income tax expense computed at the statutory corporate income tax rate to the effective income tax rate for the years ended December 31, 2016, 2015 and 2014 is as follows:

	Year ended December 31,
	2016			2015			2014
Income tax expense at statutory rate		10.3	%		10.3	%		10.3	%
State income tax, net of federal benefit		1.3	%		0.1	%		0.0	%
Nondeductible expenses		1.6	%		0.0	%		0.0	%
Foreign rate differential		(3.3	%)		(1.4	%)		1.8	%
Statutory to US GAAP permanent differences		6.6	%		0.0	%		0.0	%
Stock-based compensation		(4.9	%)		(1.4	%)		(1.1	%)
Research credits		3.1	%		0.6	%		0.0	%
Change in valuation allowance		(16.8	%)		(8.2	%)		(10.1	%)
Effective income tax rate		(2.1	%)		0.0	%		0.9	%

Schedule of Significant Components of the Company's Deferred Tax Assets

Deferred taxes are recognized for temporary differences between the basis of assets and liabilities for financial statement and income tax purposes. The significant components of the Company’s deferred tax assets are comprised of the following (in thousands):

	Year ended December 31,
	2016			2015
Deferred tax assets:
Net operating loss carryforwards	$	3,934		$	2,600
Accruals and reserves		791			189
Deferred Rent		5,228			—
Other deferred tax assets		7			72
Deferred revenue		2,525			406
Research credit		425			104
Total deferred tax assets		12,910			3,371
Less valuation allowance		(6,770	)		(2,892	)
Net deferred tax assets		6,140			479
Deferred tax liabilities:
Depreciation		(5,909	)		(321	)
Intangible assets		(68	)		(80	)
Other deferred tax liabilities		—			(53	)
Total deferred tax liabilities		(5,977	)		(454	)
Long term deferred taxes	$	163		$	25

Schedule of Aggregate Changes in Gross Unrecognized Tax Benefits

The aggregate changes in gross unrecognized tax benefits was as follows (in thousands):

	Year ended December 31,
	2016			2015		2014
Balance at beginning of year	$	49		$	—	$	—
Increases for tax positions taken during current period		134			49		—
Increases for tax positions taken in prior periods		—			—		—
Decreases for tax positions taken during current period		—			—		—
Decreases for tax positions taken in prior periods		(20	)		—		—
Balance at end of year	$	163		$	49	$	—