Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

The components of the Company’s deferred tax asset are as follows:

	December 31,
	2016		2015
	(in thousands)
Deferred tax assets-non current
Accrued bonuses	$	-	$	77
Accrued vacation		32		22
Net operating loss (NOL) carryover		9,166		6,641
Technology licenses amortization		60		64
Research & development tax credits		1,259		877
Share based expense		443		293
Other		9		(10)
Total deferred tax asset		10,969		7,964
Less: valuation allowance		(10,965)		(7,964)
Net deferred tax asset		4		-
Deferred tax liability- non current		(4)		-
Net deferred tax asset	$	-	$	-

Schedule of Effective Income Tax Rate Reconciliation

 Reconciliation between income taxes at the statutory tax rate (34%) and the actual income tax provision for continuing operations follows:

	December 31,
	2016		2015		2014
	(in thousands)
Loss before income taxes	$	(6,750)	$	(5,467)	$	(4,560)
Tax (benefit) @ statutory tax rate		(2,295)		(1,859)		(1,550)
Effects of:
Exclusion of incentive stock option expense		117		89		83
R&D tax credits		(252)		(132)		(132)
Increase in valuation allowance		3,001		1,899		1,530
FMV of warrants		(582)		-		-
Prior year adjustments		6		-		-
Carryforward adjustment				-		21
Other		5		3		48
Provision for income taxes	$	-	$	-	$	-