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Income Taxes And Tax Status (Tables)
12 Months Ended
Dec. 31, 2016
Income Taxes And Tax Status [Abstract]  
Schedule Of Effective Income Tax Rate Reconciliation



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



2016

 

2015

 

2014

Tax benefit at statutory rate

$

(7,313,152)

 

$

(5,805,502)

 

$

(8,013,445)

State tax benefit

 

(752,824)

 

 

(597,625)

 

 

(824,913)

Increase in valuation allowance

 

8,144,981 

 

 

6,482,062 

 

 

8,870,098 

Research and development credit

 

(96,920)

 

 

(19,363)

 

 

(186,906)

Other

 

17,915 

 

 

(59,572)

 

 

155,166 



$

 -

 

$

 -

 

$

 -



 

 

 

 

 

 

 

 



Schedule Of Deferred Tax Assets And Liabilities



 

 

 

 

 



 

 

 

 

 



2016

 

2015

Gross deferred tax assets:

 

 

 

 

 

Net operating loss carry-forward

$

115,296,308 

 

$

108,627,053 

Research and development credit

 

7,922,010 

 

 

7,825,090 

Stock compensation

 

1,885,035 

 

 

3,477,737 

Patents and other

 

2,119,018 

 

 

1,999,975 

Contingent payment obligation

 

1,822,634 

 

 

 -

Fixed assets

 

77,686 

 

 

104,895 

Accrued liabilities

 

54,137 

 

 

47,713 

Deferred rent

 

19,574 

 

 

19,574 

Charitable contributions

 

11,250 

 

 

11,250 

Deferred revenue

 

7,304 

 

 

7,868 

Capital loss carry-forward

 

7,657 

 

 

7,466 

Bad debt expense

 

1,664 

 

 

 -

Inventory

 

956 

 

 

23,282 



 

129,225,233 

 

 

122,151,903 

Less valuation allowance

 

(129,225,233)

 

 

(122,151,903)

Net deferred tax asset

$

 -

 

$

 -