XML 52 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Provision for Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes Differs from Amount Expected by Applying Federal Statutory Rate to Loss Before Taxes

The provision for income taxes differs from the amount expected by applying the federal statutory rate to the loss before taxes as follows:

 

 

 

Year Ended

December 31,

2018

 

 

Year Ended

December 31,

2017

 

 

Year Ended

December 31,

2016

 

Federal statutory income tax rate

 

 

21.00

%

 

 

34.00

%

 

 

34.00

%

Non-deductible expenses and other

 

 

(1.54

)%

 

 

(1.23

)%

 

 

(0.22

)%

Change in valuation allowance

 

 

(19.46

)%

 

 

(16.46

)%

 

 

(33.78

)%

Remeasurement of federal tax rate change

 

 

 

 

 

(16.32

)%

 

 

 

Total

 

 

0.00

%

 

 

0.00

%

 

 

0.00

%

Schedule of Components of Deferred Tax Assets

As of December 31, 2018 and 2017, the components of the Company’s deferred tax assets are as follows (in thousands):

 

 

 

Year Ended

December 31,

2018

 

 

Year Ended

December 31,

2017

 

Deferred tax assets:

 

 

 

 

 

 

 

 

Federal and state net operating loss carryforwards

 

$

16,076

 

 

$

11,101

 

Research and development credits carryforwards

 

 

5,087

 

 

 

2,706

 

Depreciation

 

 

3,942

 

 

 

3,489

 

Deferred Revenue

 

 

3,909

 

 

 

 

Other

 

 

1,724

 

 

 

1,292

 

Total deferred tax assets

 

 

30,738

 

 

 

18,588

 

Less valuation allowance

 

 

(30,738

)

 

 

(18,588

)

Net deferred tax assets

 

$

 

 

$

 

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

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

 

 

 

Year Ended

December 31,

2018

 

 

Year Ended

December 31,

2017

 

 

Year Ended

December 31,

2016

 

Beginning balance

 

$

622

 

 

$

242

 

 

$

19

 

Additions for tax positions taken in a prior year

 

 

8

 

 

 

29

 

 

 

 

Additions for tax positions taken in current year

 

 

454

 

 

 

351

 

 

 

223

 

Ending balance

 

$

1,084

 

 

$

622

 

 

$

242