Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Components of Income Tax Benefit

The components for the income tax expense (benefit) are as follows for the years ended December 31 (in thousands):



	2019			2018
Current income taxes
Federal	$	—		$	—
State	—			—
Foreign	100			—
Deferred income taxes
Federal	—			—
State	—			—
Foreign	(3,224		)	(3,377		)
Total income tax benefit	$	(3,124	)	$	(3,377	)

Schedule of Income (Loss) From Operations Before Taxes

The United States and foreign components of loss from operations before taxes are as follows for the years ended December 31 (in thousands):



	2019			2018
United States	$	(91,935	)	$	(44,744	)
Foreign	(65,390		)	(20,410		)
Total loss from operations before taxes	$	(157,325	)	$	(65,154	)

Summary of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets consist of the following at December 31 (in thousands):



	2019			2018
Noncurrent deferred tax assets:
Stock-based compensation	$	3,665		$	2,281
Accrued expenses and other	1,007			795
Research credit carryforward	6,776			6,182
Fixed assets	345			392
Capitalized start-up costs and other intangibles	3,618			1,859
Net operating loss carryforwards	113,410			74,566
	128,821			86,075
Valuation allowance	(123,108)			(81,337		)
Net noncurrent deferred tax asset	5,713			4,738
Noncurrent deferred tax liabilities
Fixed assets and other	(1,445		)	(686		)
Purchase accounting intangibles	(5,660		)	(8,772		)
Net noncurrent deferred tax liability	(7,105		)	(9,458		)
Net deferred tax liability	$	(1,392	)	$	(4,720	)

Summary of Change in Gross Unrecognized Tax Positions

The following is a tabular reconciliation of the Company’s change in gross unrecognized tax positions at December 31 (in thousands):



	2019		2018
Beginning balance	$	1,363	$	1,202
Gross increases for tax positions related to current periods	149		161
Gross increases for tax positions related to prior periods	—		—
Ending balance	$	1,512	$	1,363

Summary of Provision for Income Taxes

Taxes computed at the then-current statutory federal income tax rate of 21% are reconciled to the provision for income taxes as follows for the years ended December 31:



	2019					2018
	Amount			% of Pretax Earnings		Amount			% of Pretax Earnings
United States federal tax at statutory rate	$	(33,038	)	21.0	%	$	(13,682	)	21.0	%
State taxes (net of deferred benefit)	(4,778		)	3.0	%	(1,080		)	1.7	%
Nondeductible expenses	709			(0.5	)%	(1,320		)	2.0	%
Change in fair market value of contingent consideration	(2,342		)	1.5	%	(256		)	0.4	%
Warrant remeasurement and financing costs	(551		)	0.4	%	3,630			(5.6	)%
Research & Development credits	(743		)	0.5	%	(803		)	1.2	%
Change in unrecognized tax benefits	149			(0.1	)%	161			(0.2	)%
Foreign tax rate differential	2,590			(1.6	)%	(96		)	0.1	%
Goodwill impairment	(6,638		)	4.2	%	—			—
Change in enacted tax rates and other, net	(253		)	0.2	%	252			(0.3	)%
Change in valuation allowance	41,771			(26.6	)%	9,817			(15.1	)%
Income tax benefit	$	(3,124	)	2.0	%	$	(3,377	)	5.2	%