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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2016
Income Taxes [Abstract] |
(Loss) Income from Continuing Operations Before Income Taxes | For financial reporting purposes, (loss) income from continuing operations before income taxes includes the following components: ﻿
Income Tax Benefit |
﻿ |  |  |  |  |  |
﻿ |  | December 31,
﻿ |  | 2016 |  | 2015
﻿United States |  | $ | (6,358,000) |  | $ | 1,818,000
﻿Foreign |  |  | (13,036,000) |  |  | (2,407,000)
﻿Total |  | $ | (19,394,000) |  | $ | (589,000)
﻿ Our income tax benefit consists of the following components for 2016 and 2015: ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | December 31,
﻿ |  | 2016 |  | 2015
Current |  |  |  |  |  |
﻿Federal |  | $ | - |  | $ | -
﻿State |  |  | - |  |  | -
﻿Foreign |  |  | - |  |  | -
﻿ |  |  | - |  |  | -
﻿ |  |  | - |  |  | -
Deferred |  |  |  |  |  |
﻿ Federal |  |  | - |  |  | -
﻿ State |  |  | - |  |  | -
﻿ Foreign |  |  | (556,000) |  |  | (73,000)
﻿ |  |  | (556,000) |  |  | (73,000)
﻿Total |  | $ | (556,000) |  | $ | (73,000)
﻿
Components of Deferred Tax Assets | Significant components of our deferred tax assets and liabilities are as follows: ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | December 31,
﻿ |  | 2016 |  | 2015
﻿Deferred tax assets/(liabilities) |  |  |  |  |  |
﻿Net operating loss carry-forwards |  | $ | 67,479,000 |  | $ | 65,425,000
﻿Research and orphan drug credit carry-forwards |  |  | 3,109,000 |  |  | 5,181,000
﻿Depreciation and amortization |  |  | 4,000 |  |  | (3,000)
﻿Stock options and other |  |  | 1,010,000 |  |  | 479,000
﻿Intangible assets |  |  | (2,367,000) |  |  | (3,079,000)
﻿Net deferred tax assets |  |  | 69,235,000 |  |  | 68,003,000
﻿Valuation allowance for deferred tax assets |  |  | (71,684,000) |  |  | (71,008,000)
﻿Net deferred tax liabilities |  | $ | (2,449,000) |  | $ | (3,005,000)
﻿
Reconciliation of Statutory to Effective Tax Rates | ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | December 31,
﻿ |  | 2016 |  | 2015
Percent of pre-tax income: |  |  |  |  |  |
﻿U.S. federal statutory income tax rate |  | 34.0 | % |  | 34.0 | %
﻿Warrant liability and preferred stock conversion liability |  | 8.0 | % |  | 573.8 | %
﻿Difference in foreign vs U.S. statutory rates |  | (1.5) | % |  | (21.8) | %
﻿Stock option forfeitures & expirations |  | (0.6) | % |  | (138.2) | %
﻿State taxes, net of federal benefit |  | (3.8) | % |  | - | %
﻿Non-deductible stock issuance costs |  | (1.0) | % |  | (17.9) | %
﻿Australia Refundable R&D tax offset |  | (5.2) | % |  | 27.8 | %
﻿Effect of tax rate changes |  | 0.3 | % |  | 12.4 | %
﻿Goodwill Impairment |  | (13.2) | % |  | - | %
﻿Change in reserve of uncertain tax positions |  | (10.7) | % |  | - | %
﻿All other |  | 0.1 | % |  | (2.9) | %
﻿Subtotal |  | 6.4 | % |  | 467.2 | %
﻿Change in valuation allowance |  | (3.5) ) | % |  | (454.8) | %
﻿Effective income tax rate |  | 2.9 | % |  | 12.4 | %
﻿

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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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 + Details
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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 + Details
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