Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.10.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Domestic and Foreign Components of Net Loss

The domestic and foreign components of net loss were as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Domestic

 

$

(3,083

)

 

$

(10,125

)

 

$

(6,744

)

Foreign

 

 

345

 

 

 

305

 

 

 

(116

)

Net loss

 

$

(2,738

)

 

$

(9,820

)

 

$

(6,860

)

Schedule of Provision for Income Tax

The provision for income tax consists of the following (in thousands):

 

 

 

Year Ended December 31,

 

 

2018

 

 

2017

 

 

2016

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

$

 

 

$

 

 

$

 

State

 

 

 

 

 

 

 

 

 

Foreign

 

 

(13

)

 

 

160

 

 

 

 

Total

 

 

(13

)

 

 

160

 

 

 

 

Deferred:

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

 

 

 

 

 

 

 

 

State

 

 

 

 

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

Total tax expense

 

$

(13

)

 

$

160

 

 

$

 

Schedule of Reconciliation of Statutory Federal Income Tax Rate to Net Income Taxes

 

A reconciliation of income taxes at the statutory federal income tax rate to net income taxes included in the accompanying consolidated statements of operations is as follows (in thousands):

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Income tax at statutory rate

 

$

(575

)

 

$

(3,339

)

 

$

(2,331

)

Change in valuation allowance

 

 

1,595

 

 

 

(8,354

)

 

 

2,146

 

Change in tax rate

 

 

 

 

 

9,788

 

 

 

 

Change in deferreds

 

 

7

 

 

 

(39

)

 

 

 

State tax

 

 

(309

)

 

 

536

 

 

 

9

 

Mark-to-market on warrants

 

 

 

 

 

1,267

 

 

 

178

 

Stock-based compensation

 

 

(615

)

 

 

84

 

 

 

24

 

Research and development credit

 

 

(220

)

 

 

(62

)

 

 

(88

)

Foreign rate differential

 

 

(86

)

 

 

56

 

 

 

40

 

Subpart F - transition tax

 

 

81

 

 

 

68

 

 

 

 

Lobbying

 

 

78

 

 

 

79

 

 

 

 

Other

 

 

31

 

 

 

76

 

 

 

22

 

Total

 

$

(13

)

 

$

160

 

 

$

 

Schedule of Company's Deferred Tax Assets and Liabilities

Temporary differences that gave rise to significant portions of the Company’s deferred tax assets and liabilities as of December 31, 2018 and 2017 were as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Deferred tax assets:

 

 

 

 

 

 

 

 

Net operating losses

 

$

21,461

 

 

$

20,139

 

Credits

 

 

1,969

 

 

 

1,654

 

Accruals and reserves

 

 

285

 

 

 

643

 

Deferred revenue and contract costs

 

 

458

 

 

 

464

 

Gross deferred tax assets

 

 

24,173

 

 

 

22,900

 

Valuation allowance

 

 

(23,710

)

 

 

(22,789

)

Net deferred tax assets

 

 

463

 

 

 

111

 

Deferred tax liabilities:

 

 

 

 

 

 

 

 

Fixed assets and intangibles

 

 

(545

)

 

 

(111

)

Total deferred tax liabilities, net

 

$

(82

)

 

$

 

 

 

 

 

 

 

 

 

 

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):

 

Balance as of December 31, 2016

 

$

574

 

Increases for current year tax positions

 

 

46

 

Increases for prior year tax positions

 

 

 

Balance as of December 31, 2017

 

 

620

 

Increases for current year tax positions

 

 

114

 

Increases for prior year tax positions

 

 

 

Balance as of December 31, 2018

 

$

734