Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

There was no income tax expense for the years ended December 31, 2015 and 2014 due to the Company’s net losses. The Company’s tax expense differs from the “expected” tax expense for the years ended December 31, 2015 and 2014 (computed by applying the Federal Corporate tax rate of 34% to loss before taxes and 3.96% for blended state income tax rate, the blended rate used was 37.96%), as follows (in thousands):

	2015			2014
Computed “expected” tax-benefit – Federal	$	(14,870	)	$	(6,727	)
Computed “expected” tax-benefit – State		(1,732	)		(783	)
Adjustment of “expected” tax-benefit to actual		199			(687	)
Meals, entertainment and other		8			13
Non-deductible stock-based compensation		877			789
Fair Market Value Adjustment – Warrants		1,447			(235	)
Change in valuation allowance		14,071			7,630
	$	—		$	—

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

The effects of temporary differences that gave rise to significant portions of deferred tax assets at December 31, 2015 and 2014 are as follows (in thousands):

Deferred tax assets:	2015			2014
Stock issued for services	$	922		$	585
Accrued compensation		105			—
Stock issued for acquisition of program		1,787			949
Stock issued for license agreement		2,308			2,507
Net operating loss carry-forward		37,852			24,657
Total gross deferred tax assets		42,974			28,698
Less: valuation allowance		(42,974	)		(28,698	)
Total net deferred tax assets	$	—		$	—