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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

Income before income taxes consists of:

		Year Ended December 31,
(in thousands)		2015				2014				2013
Domestic		$	(11,276	)		$	(12,950	)		$	(19,142	)
Foreign			(3,428	)			(4,431	)			(11,182	)
Income before taxes		$	(14,704	)		$	(17,381	)		$	(30,324	)

Income tax reconciliation

The provision for income taxes differs from the amount computed by applying the statutory rate as follows:

		Year Ended December 31,
(in thousands)		2015				2014				2013
Income taxes using U.S federal statutory rate		$	(4,999	)		$	(5,926	)		$	(10,309	)
Amortization of gain on IP migration			767				767				781
State income taxes, net of federal benefit			380				2,215				(1,390	)
Foreign rate differential			920				1,069				2,761
Valuation allowance			2,649				886				7,683
Derivative charge			(192	)			(660	)			(937	)
Stock option exercises and cancellations			674				1,748				1,589
Research and development costs			(199	)			(125	)			(1,090	)
Other			—				26				912
		$	—			$	—			$	—

Significant components of deferred tax assets

Significant components of the Company’s deferred tax assets are as follows:  

(in thousands)		December 31, 2015				December 31, 2014
Deferred tax assets:
Employee compensation accruals		$	1,279			$	1,866
Accrued liabilities			633				1,356
Research  tax credits			3,796				3,597
Other			66				45
Net operating losses			77,906				74,359
Total deferred tax assets			83,680				81,223
Deferred tax liabilities:
Total deferred tax liabilities			—				—
Valuation allowance			83,680				81,223
Net deferred tax assets		$	—			$	—

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- References

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- 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=6907707&loc=d3e32537-109319

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- 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=6907707&loc=d3e32687-109319

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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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