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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Income (Loss) before Income Tax Domestic and Foreign

Income (loss) before income taxes was derived from the following jurisdictions:

 

 

 

2017

 

 

2016

 

 

2015

 

U.S.

 

$

(16,762

)

 

$

(24,229

)

 

$

(21,831

)

Switzerland

 

 

19

 

 

 

(10

)

 

 

1,347

 

 

 

$

(16,743

)

 

$

(24,239

)

 

$

(20,484

)

 

Summary of Effective Tax Rates Differ from Statutory Income Tax Rates

Effective tax rates differ from statutory income tax rates in the years ended December 31, 2017, 2016 and 2015 as follows:

 

 

 

2017

 

 

2016

 

 

2015

 

Statutory income tax rate

 

 

(34.0

)%

 

 

(34.0

)%

 

 

(34.0

)%

State income taxes

 

 

(6.1

)

 

 

(6.8

)

 

 

(5.7

)

Valuation allowance increase

 

 

(102.0

)

 

 

35.9

 

 

 

35.2

 

Effect of foreign operations

 

 

 

 

 

 

 

 

(1.3

)

Change in unused net operating loss and credit carryforwards

 

 

(4.0

)

 

 

3.7

 

 

 

2.8

 

Nondeductible items

 

 

1.6

 

 

 

1.6

 

 

 

3.9

 

Impact of Tax Cuts and Jobs Act

 

 

144.5

 

 

 

 

 

 

 

 

 

 

0.0

%

 

 

0.4

%

 

 

0.9

%

 

Summary of Deferred Tax Assets (Liabilities)

Deferred tax assets (liabilities) as of December 31, 2017 and 2016 consist of the following:

 

 

 

2017

 

 

2016

 

Gross deferred tax assets:

 

 

 

 

 

 

 

 

Net operating loss carryforward – U.S.

 

$

43,046

 

 

$

58,206

 

Net operating loss carryforward – Switzerland

 

 

67

 

 

 

65

 

Research and development tax credit carryforward

 

 

6,153

 

 

 

5,477

 

Deferred revenue

 

 

339

 

 

 

438

 

Stock-based compensation

 

 

1,882

 

 

 

2,678

 

Inventory reserve

 

 

140

 

 

 

364

 

Compensation accruals

 

 

662

 

 

 

996

 

Other

 

 

575

 

 

 

378

 

 

 

 

52,864

 

 

 

68,602

 

Gross deferred tax liabilities – depreciation and amortization

 

 

(826

)

 

 

(844

)

Less valuation allowance

 

 

(52,038

)

 

 

(67,758

)

Net deferred tax asset

 

$

 

 

$