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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
 

Year Ended December 31,

 

2018

 

2017

 

(In thousands)

Current:

 

 

 

 

 

Federal

$

 

$

State

 

3

 

 

Foreign

 

106

 

 

 

 

 

 

 

 

Total Current

$

109

 

$

 

 

 

 

 

 

Deferred:

 

 

 

 

 

Federal

$

 

$

State

 

 

 

Foreign

 

 

 

 

 

 

 

 

 

Total Deferred

$

 

$

 

 

 

 

 

 

Provision for income taxes

$

109

 

$

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

 

December 31, 2018

 

December 31, 2017

Deferred tax assets:

(In thousands)

Net operating loss carry-forwards

$

43,822

 

$

19,441

Research and development tax credits

 

3,357

 

 

2,979

Capitalized research and development

 

2,326

 

 

Sale of future royalties

 

8,383

 

 

Accruals, reserves and other

 

714

 

 

544

Total deferred tax assets

 

58,602

 

 

22,964

Valuation allowance

 

(48,626)

 

 

(22,964)

Deferred tax assets net of valuation allowance

 

9,976

 

 

Deferred tax liabilities:

 

 

 

 

 

Intangible assets

 

(9,976)

 

 

Total deferred tax liabilities

 

(9,976)

 

 

 

 

 

 

 

 

Net deferred tax assets

$

 

$

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

 

Year Ended December 31,

 

2018

 

2017

 

 

 

 

 

 

U.S. federal taxes at statutory rate

 

21.0  %

 

 

34.0 %

State taxes (net of federal benefit)

 

0.6

 

 

14.2

Foreign rate differential

 

3.1

 

 

Global intangible low-taxed income

 

(8.8)

 

 

Permanent items:

 

 

 

 

 

Convertible note interest

 

(0.4)

 

 

(10.8)

Revaluation of derivative liabilities

 

 

 

11.9

Others

 

(2.1)

 

 

(1.4)

Tax credits

 

2.1

 

 

8.0

Change in valuation allowance

 

(20.4)

 

 

43.4

Impact of tax reform rate change

 

 

 

(97.0)

NOL and credit adjustments

 

(3.8)

 

 

(2.4)

Bargain purchase gain

 

8.1

 

 

Other

 

 

 

0.1

 

 

 

 

 

 

Provision for income taxes

 

(0.6)%

 

 

      %

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

 

Year Ended December 31,

 

2018

 

2017

 

(in thousands)

Beginning Balance

$

1,404

 

$

1,231

Additions based on tax positions related to the current year

 

181

 

 

173

Decreases related to prior years’ tax positions

 

(3)

 

 

 

 

 

 

 

 

Ending Balance

$

1,582

 

$

1,404