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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Taxes |
Schedule of effective income tax rate reconciliation |
|  | For the year ended December 31, |
|  | 2019 |  | 2018 |
Statutory federal income tax rate |  | 21 | % | 21 | %
State taxes, net of federal tax benefit |  | 15 | % | 7 | %
Non-deductible items |  | — | % | — | %
Credits |  | 3 | % | 3 | %
Federal tax rate change |  | — | % | — | %
State tax rate change |  | 4 | % | (2) | %
Other |  | (2) | % | (1) | %
Change in valuation allowance |  | (41) | % | (28) | %
Income taxes provision (benefit) |  | — |  | — |
Schedule of deferred tax assets |
|  | For the year ended December 31,
|  | 2019 |  | 2018
Deferred tax assets: |  |  |  |  |  |
Net operating loss carryovers |  | $ | 27,446 |  | $ | 14,305
Stock compensation and other |  |  | 2,037 |  |  | 1,427
Change in fair value of warrant liabilities |  |  | 57 |  |  | 45
Amortization of license |  |  | 9,454 |  |  | 6,258
Lease liability |  |  | 746 |  |  | —
Accruals and reserves |  |  | 519 |  |  | 237
Startup costs |  |  | 7 |  |  | 6
Debt issuance costs |  |  | 21 |  |  | —
Tax credits |  |  | 2,746 |  |  | 1,070
Total deferred tax assets |  |  | 43,033 |  |  | 23,348
Less: valuation allowance |  |  | (42,608) |  |  | (23,348)
Net deferred tax assets |  | $ | 425 |  | $ | —
Deferred tax liabilities: |  |  |  |  |  |
Stock compensation and other |  | $ | — |  | $ | —
Unrealized gain/loss on investment |  |  | — |  |  | —
Right of use asset |  |  | (425) |  |  | —
Basis in subsidiary |  |  | — |  |  | —
Total deferred tax assets, net |  | $ | — |  | $ | —

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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://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
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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://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
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