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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Income Taxes [Abstract]  
Schedule of Net Loss Before Income Taxes



 

 

 

 

 

 



 

For the Years Ended



 

December 31,



 

2019

 

2018

Domestic, current

 

$

(4,298)

 

$

(9,542)

Total

 

$

(4,298)

 

$

(9,542)



Schedule of Deferred Taxes



 

 

 

 

 

 



 

For the Years Ended



 

December 31,



 

2019

 

2018

Deferred tax assets:

 

 

 

 

 

 

Federal and state net operating loss carryforwards

 

$

30,428 

 

$

30,350 

Research and development tax credit carryforwards

 

 

2,479 

 

 

2,438 

Stock based compensation

 

 

1,632 

 

 

1,470 

Other provision and expenses not currently deductible

 

 

1,327 

 

 

1,345 

Total deferred tax assets

 

 

35,866 

 

 

35,603 

Deferred tax liabilities:

 

 

 

 

 

 

Depreciation and amortization

 

 

(693)

 

 

(726)

Prepaid expenses

 

 

(195)

 

 

(151)

Total deferred liabilities

 

 

(888)

 

 

(877)

Less: valuation allowance

 

 

(34,978)

 

 

(34,726)

Net deferred tax asset

 

$

 —

 

$

 —



Schedule of Federal Net Operating Losses and Tax Credit Carryforwards



 

 

 

 

 

 



 

 

Net

 

 

Research and



 

 

Operating

 

 

Development



 

 

Losses

 

 

Tax Credits

2019-2020

 

$

24,931 

 

$

653 

2021-2024

 

 

41,283 

 

 

 -

2025-2037

 

 

61,755 

 

 

1,826 

No Expiration

 

 

14,705 

 

 

 -



 

$

142,674 

 

$

2,479 



Schedule of Reconciliation of Effective Tax Rate



 

 

 

 

 

 

 



 

 

For the Years Ended



 

 

December 31,



 

 

2019

 

2018

U.S. Federal income tax benefit at federal statutory rate

 

 

21 

%

 

21 

%

Change in valuation allowance

 

 

(6)

 

 

(21)

 

Permanent differences

 

 

 

 

(3)

 

NOL Expiration - 1998

 

 

(26)

 

 

 -

 

Other, net

 

 

 

 

 

Effective tax rate

 

 

 -

%

 

 -

%