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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes Based on Loss from Operations

The provision (benefit) for income taxes is based on loss from operations before provision for income taxes and noncontrolling interests as follows ($ in thousands):

			Years Ended December 31,
Pre-tax book income			2020						2019
United States			$	(19,013)					$	(19,352)
			$	(19,013)					$	(19,352)

Schedule of Benefit from Income Taxes

The provision (benefit) from income taxes was as follows ($ in thousands):

						Years Ended December 31,
						2020						2019
Current
U.S. Federal						$	—					$	—
State and local						—						—
						$	—					$	—
Deferred
U.S. Federal						$	—					$	—
State and local						(10,872)						—
						$	(10,872)					$	—
Total
U.S. Federal						$	—					$	—
State and local						(10,872)						—
						$	(10,872)					$	—

Schedule of Reconciliation of Effective Income Taxes

The provision (benefit) for income taxes is determined by applying the U.S. Federal statutory rate of 21% to income before income taxes as a result of the following ($ in thousands):

						Years Ended December 31,
						2020						2019
U.S. Federal benefit at statutory rate						$	(3,993)					$	(4,064)
State and local (benefit) / expense net of U.S. federal tax						—						—
Permanent non deductible expenses for U.S. taxes						5						14
AMT credit benefit						—						—
Change in state deferred						5,122						(4,720)
Return to actual						—						(17)
Other true ups						387						1,941
Effect of change in deferred tax rate						—						—
Sale of New Jersey State NOL's						(10,872)						—
Valuation allowance for deferred tax assets						(1,521)						6,846
Tax provision (benefit)						$	(10,872)					$	—

Schedule of Components Deferred Income Taxes

Deferred income taxes at December 31, 2020 and 2019 consist of the following ($ in thousands):

						December 31,
						2020						2019
Deferred Tax Assets:
Accumulated net operating losses (tax effected)						$	68,286					$	70,747
CIRM funding						—						336
Right of use liability						176						205
Share-based compensation						5,025						3,584
Intangibles						131						141
Accumulated depreciation						19						9
Accrued payroll						167						121
Other						526						737
Deferred tax assets						74,330						75,880
Deferred Tax Liabilities:
Right of use asset						$	(161)					$	(190)
Deferred tax liabilities						(161)						(190)
						74,169						75,690
Valuation allowance						(74,169)						(75,690)
Net deferred tax asset						$	—					$	—

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
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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.

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-Topic 740
-SubTopic 10
-Section 50
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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.

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
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