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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Component of Consolidated Income (Loss) Before Provision for Income Taxes

Consolidated income (loss) before provision for income taxes consisted of the following (in thousands):

		Year Ended December 31,
		2014				2013				2012
U.S.		$	(91,121	)		$	(67,004	)		$	(70,792	)
Non U.S.			399				284				843
Total		$	(90,722	)		$	(66,720	)		$	(69,949	)

Difference Between Consolidated Income Tax Benefit and Amount Computed by Federal Statutory Income Tax Rate

No income tax expense was recorded for the years ended December 31, 2014, 2013 and 2012 due to net operating loss carryforwards to offset the net income at Dynavax Europe and a valuation allowance which offsets the deferred tax assets. The difference between the consolidated income tax benefit and the amount computed by applying the federal statutory income tax rate to the consolidated loss before income taxes was as follows (in thousands):

		Year Ended December 31,
		2014				2013				2012
Income tax benefit at federal statutory rate		$	(30,818	)		$	(22,678	)		$	(23,650	)
State tax			1,204				(178	)			(89	)
Business credits			(1,484	)			(2,515	)			-
Deferred compensation charges			2,710				3,072				1,002
Change in valuation allowance			28,093				22,354				21,966
Other			295				(55	)			771
Total income tax expense		$	-			$	-			$	-

Component of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities as of December 31, 2014 and 2013 consisted of the following (in thousands):

		December 31,
		2014				2013
Deferred tax assets:
Net operating loss carry forwards		$	178,008			$	147,655
Research tax credit carry forwards			22,914				21,336
Accruals and reserves			9,053				9,501
Capitalized research costs			8,601				10,662
Deferred revenue			654				2,486
Other			1,531				1,255
Total deferred tax assets			220,761				192,895
Less valuation allowance			(220,544	)			(192,733	)
Net deferred tax assets			217				162
Deferred tax liabilities:
Fixed Assets			(217	)			(162	)
Total deferred tax liabilities			(217	)			(162	)
Net deferred tax assets		$	-			$	-

Schedule of Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

Balance at December 31, 2013		$	-
Tax positions related to the current year
Additions			-
Reductions			-
Tax positions related to the prior year
Additions			(2,426	)
Reductions			-
Balance at December 31, 2014		$	(2,426	)

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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