XML 44 R31.htm IDEA: XBRL DOCUMENT v3.19.1

Income taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Benefit for Income Taxes

For the years ended December 31, 2018 and 2017, the provision (benefit) for income taxes on loss from continuing operations consisted of the following:

	Year Ended December 31
(In thousands)	2018				2017
Current
Federal	$	—			$	—
State	—				—
	—				—
Deferred
Federal	3,726				(7,117		)
State	81				(1,855		)
Less: valuation allowance	(3,761		)		8,972
	46				—
Income tax expense	$	46			$	—

Reconciliation of Effective Income Tax benefit

For the years ended December 31, 2018 and 2017, reconciliation of the Company's effective income tax rate to the U.S. corporate statutory income tax rate is as follows:

	Year Ended December 31
(In thousands)	2018							2017
Income tax expense at federal statutory rate	$	(3,756	)		21.0	%		$	(18,090	)		34.0	%
Share-based compensation shortfall	7,080				(39.6	)		5,133				(9.6	)
Effect of state taxes, net of federal tax benefit	64				(0.4	)		(1,515		)		2.8
Deferred remeasurement for tax rate change	—				—			5,117				(9.6	)
Loss on amendment of warrants	—				—			342				(0.6	)
Non-deductible items	396				(2.3	)		—				—
Return to provision adjustment	(4		)		0.2			—				—
Other	27				0.2			41				(0.1	)
Change in valuation allowance	(3,761		)		21.0			8,972				(16.9	)
Income tax expense	$	46			0.1	%		$	—			—	%

Schedule of Components of Deferred Tax Assets and Liabilities

As of December 31, 2018 and 2017, the components of deferred tax assets and liabilities consist of the following:

(In thousands)	December 31, 2018				December 31, 2017
Deferred tax assets:
Net operating loss carryforwards	$	8,908			$	7,555
Share-based compensation	5,753				16,321
Interest expense limitation	2,171				—
Settlement liability	—				1,037
Accounts receivable, net	451				480
Accrued expenses and other current liabilities	74				91
Property and equipment, net	73				—
Other	145				22
	17,575				25,506
Valuation allowance	(5,238		)		(10,853		)
	12,337				14,653
Deferred tax liabilities:
Intangible assets	(12,383		)		(14,505		)
Property and equipment, net	—				(148		)
	(12,383		)		(14,653		)
Net deferred tax liability	$	(46	)		$	—

Schedule of Reconciliation of Gross Amounts of Unrecognized Tax Benefits, Excluding Accrued Interest and Penalties

For the years ended December 31 2018 and 2017, reconciliation of the gross amounts of unrecognized tax benefits, excluding accrued interest and penalties, consists of the following:

	Year Ended December 31
(In thousands)	2018				2017
Unrecognized tax benefits, opening balance	$	1,134			$	1,668
Decrease as a result of the Tax Act	—				(534		)
Increase in unrecognized tax benefits	346				—
Unrecognized tax benefits, ending balance	$	1,480			$	1,134

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-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