XML 48 R32.htm IDEA: XBRL DOCUMENT v3.20.4

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense

The provision for income taxes was as follows:

(in thousands)						Year Ended December 31,
Current:						2020						2019						2018
Federal						$	—					$	—					$	—
State						72						9						1
						$	72					$	9					$	1
Deferred:
Federal						$	—					$	—					$	—
State						—						—						—
						$	—					$	—					$	—
Provision for income tax						$	72					$	9					$	1

Schedule of effective income tax rate reconciliation

A reconciliation of income tax expense from continuing operations to the amount computed by applying the statutory federal income tax rate to the net loss from continuing operations is summarized as follows:

						Year Ended December 31,
(in thousands)						2020						2019						2018
U.S. income tax at federal statutory rate						$	(11,063)					$	(2,611)					$	(6,276)
State income tax, net of federal benefits						(1,962)						(2,550)						(1,072)
Foreign rate differential						(54)						—						—
Stock warrant liability						—						2,626						—
Share-based compensation						(21,007)						(21,236)						(615)
Research and development credits						(10)						(8)						(6)
Return to provision and other						—						—						29
Change in tax rates						2,989						73						668
Other						529						(98)						363
Change in valuation allowance						30,650						23,813						6,910
Provision for income tax						$	72					$	9					$	1

Schedule of deferred tax assets and liabilities

A valuation allowance has been recorded to offset the net deferred tax assets as of December 31, 2020 and 2019, as the realization of such assets does not meet the more-likely-than-not threshold.

						December 31,
(in thousands)						2020						2019
Deferred Tax Assets:
Net operating loss (NOL)						$	78,464					$	50,663
Intangibles						1,495						1,252
Share-based compensation						3,295						2,704
Interest						311						—
Inventory reserve						2,262						1,509
Other						2,024						204
Total gross deferred tax assets						87,851						56,332
Deferred Tax liabilities:
Property, plant and equipment						1,773						904
Other						—						—
Total gross deferred tax liabilities						1,773						904
Valuation allowance						86,078						55,428
Net deferred tax assets (liabilities)						$	—					$	—

Schedule of unrecognized tax benefits

The following table summarizes the activity related to the Company’s gross unrecognized tax benefits at the beginning and end of the years ended December 31, 2020 and 2019:

						Year Ended December 31,
						2020						2019
Gross unrecognized tax benefits at the beginning of the year						$	3,336					$	1,846
Increases related to current year positions						2,063						1,695
Increases/Decreases related to prior year positions						—						(205)
Gross unrecognized tax benefits at the end of the year						$	5,399					$	3,336

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 income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-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

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=121610041&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration