Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The components of the income tax provision are as follows (in thousands):

		Year Ended December 31,
		2020		2019
Current expense (benefit):
Federal	$	-	$	-
State		-		-
Foreign		-		-
Total current expense (benefit):	$	-	$	-
Deferred expense (benefit):
Federal	$	-	$	-
State		-		-
Foreign		-		-
Total deferred expense (benefit):	$	-	$	-
Total income tax expense (benefit):	$	-	$	-

Schedule of Effective Income Tax Rate Reconciliation

Deferred income taxes reflect the net effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A reconciliation of the statutory U.S. federal rate to the Company’s effective tax rate is as follows:

	Year Ended December 31,
	2020			2019
Income at US Statutory Rate		21.00	%		21.00	%
State Taxes, net of Federal benefit		2.95	%		3.82	%
Permanent Differences		-1.28	%		-0.88	%
Tax Credits		0.75	%		1.06	%
Valuation Allowance		-24.53	%		-29.92	%
Discrete items		1.11	%		4.92	%
		0.00	%		0.00	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets (liabilities) for 2020 and 2019 consist of the following (in thousands):

	Year Ended December 31,
	2020			2019
Share-based Compensation	$	3,220		$	2,611
Depreciation and Amortization		(119	)		(219	)
Accrued Liability		307			275
Net Operating Loss Carry-forwards		19,927			15,587
R&D Credit Carryforwards		2,264			1,881
Other		(10	)		(27	)
IPR&D		(848	)		(848	)
ROU Asset		(921	)		(1,057	)
ROU Liability		1,045			1,158
Total Deferred tax assets	$	24,865		$	19,361
Valuation allowance		(25,206	)		(19,702	)
Net deferred tax asset (liability)	$	(341	)	$	(341	)