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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation of Differences Between Federal Income Tax Rate and Effective Tax Rate

The following reconciles the differences between income taxes computed at the federal income tax rate and the provision for income taxes:

 

 

Year Ended December 31,

 

 

2018

 

 

2017

 

 

2016

 

 

Expected income tax benefit at the federal

   statutory rate

 

 

21.0

 

%

 

34.0

 

%

 

34.0

 

%

State taxes, net of federal benefit

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

Change in federal statutory rate

 

 

0.0

 

 

 

(54.1

)

 

 

0.0

 

 

Non-deductible items and other

 

 

(0.2

)

 

 

0.5

 

 

 

(0.7

)

 

Federal and state credits

 

 

0.7

 

 

 

0.5

 

 

 

0.6

 

 

Change in valuation allowance

 

 

(21.5

)

 

 

19.1

 

 

 

(33.9

)

 

Total

 

 

0.0

 

%

 

0.0

 

%

 

0.0

 

%

Schedule of Deferred Tax Assets The principal components of the Company’s net deferred tax assets consisted of the following at December 31, 2018 and 2017 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Net operating loss carryforwards

 

$

76,753

 

 

$

61,049

 

Research and development tax credits

 

 

4,699

 

 

 

3,731

 

Reserves and accruals

 

 

1,444

 

 

 

1,168

 

Other

 

 

9,109

 

 

 

6,611

 

Total deferred tax assets

 

 

92,005

 

 

 

72,559

 

Valuation allowance

 

 

(92,005

)

 

 

(72,559

)

Net deferred tax assets

 

$

 

 

$

 

Schedule of Unrecognized Tax Benefits

At December 31, 2018 and 2017, the Company’s unrecognized tax benefits consist of the following:

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Unrecognized tax benefit, beginning of period

 

$

1,135

 

 

$

940

 

Gross increases — current year tax positions

 

 

422

 

 

 

327

 

Gross increases — prior year tax positions

 

 

38

 

 

 

73

 

Gross decreases — prior year tax positions

 

 

 

 

 

(205

)

Unrecognized tax benefit, end of period

 

$

1,595

 

 

$

1,135