XML 36 R21.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Income Taxes |
Reconciliation of the federal statutory income tax rate to our effective income tax rate |
|  | Year Ended |
|  | December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Federal statutory income tax |  | $ | (16,917) |  | $ | 7,718 |  | $ | (6,157) |
State and local income taxes |  |  | (2,436) |  |  | 1,451 |  |  | — |
Research and development credit |  |  | (5,554) |  |  | (2,544) |  |  | 708 |
Stock based compensation |  |  | 2,709 |  |  | 733 |  |  | 651 |
Effect of the 2017 Tax Cut and Jobs Act |  |  | 23,859 |  |  | — |  |  | — |
Other |  |  | 262 |  |  | 8 |  |  | 14 |
Net change in valuation allowance |  |  | (2,386) |  |  | (6,366) |  |  | 4,784 |
Income tax provision (benefit) |  | $ | (463) |  | $ | 1,000 |  | $ | — |
Schedule of tax effect of temporary differences that give rise to a significant portion of the deferred tax assets and liabilities |
|  | 2017 |  | 2016 |
Deferred income tax assets |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 25,564 |  | $ | 54,860 |
Research credits |  |  | 16,642 |  |  | 11,561 |
Depreciation |  |  | 437 |  |  | 668 |
Unrealized loss on securities |  |  | 504 |  |  | 573 |
Accrued compensation |  |  | 748 |  |  | 719 |
Deferred revenue |  |  | 26,442 |  |  | 5,236 |
State taxes |  |  | (2) |  |  | 97 |
Gross deferred income tax assets |  |  | 70,335 |  |  | 73,714 |
Valuation allowance |  |  | (67,284) |  |  | (69,670) |
Net deferred income tax assets |  |  | 3,051 |  |  | 4,044 |
Deferred income tax liabilities |  |  |  |  |  |  |
Patent costs |  |  | (2,873) |  |  | (3,725) |
Licensing costs |  |  | (142) |  |  | (261) |
Capitalized legal costs |  |  | (36) |  |  | (58) |
Gross deferred income tax liabilities |  |  | (3,051) |  |  | (4,044) |
Net deferred income tax asset |  | $ | — |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration