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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2016
Income Taxes [Abstract]  
Schedule Of Net Loss Before Income Taxes



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

For the Years Ended

 



 

December 31,

 



 

2016

 

2015

 

Domestic, current

 

$

(8,048)

 

$

(4,105)

 

Total

 

$

(8,048)

 

$

(4,105)

 



Schedule Of Deferred Taxes



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

For the Years Ended

 



 

December 31,

 



 

2016

 

2015

 

Deferred tax assets:

 

 

 

 

 

 

 

Federal and state net operating loss carryforwards

 

$

43,083 

 

$

38,943 

 

Research and development tax credit carryforwards

 

 

2,196 

 

 

2,279 

 

Stock based compensation

 

 

4,438 

 

 

4,057 

 

Other provision and expenses not currently deductible

 

 

1,335 

 

 

1,297 

 

Total deferred tax assets

 

 

51,052 

 

 

46,576 

 

Deferred tax liabilities:

 

 

 

 

 

 

 

Depreciation and amortization

 

 

(1,141)

 

 

(965)

 

Prepaid expenses

 

 

(95)

 

 

(116)

 

Total deferred liabilities

 

 

(1,236)

 

 

(1,081)

 

Less valuation allowance

 

 

(49,816)

 

 

(45,495)

 

Net deferred tax asset

 

$

 —

 

$

 —

 



Schedule Of Federal Net Operating Losses And Tax Credit Carryforwards



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

Net

 

 

Research and

 



 

 

Operating

 

 

Development

 



 

 

Losses

 

 

Tax Credits

 



 

(in thousands)

 

2018-2021

 

$

44,639 

 

$

809 

 

2022-2025

 

 

42,814 

 

 

 -

 

2026-2036

 

 

38,294 

 

 

1,387 

 



 

$

125,747 

 

$

2,196 

 



Schedule Of Reconciliation Of Effective Tax Rate



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

For the Years Ended

 



 

December 31,

 



 

2016

 

2015

 

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

 

 

34 

%

 

34 

%

Change in valuation allowance

 

 

(37)

 

 

(36)

 

Credits

 

 

 

 

 

Effective tax rate

 

 

 -

%

 

 -

%