XML 44 R24.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Income Taxes |
Schedule of Components of Income Tax Expense (Benefit) | The Company’s tax expense differs from the “expected” tax expense for the years ended December 31, 2019 and 2018 (computed by applying the Federal corporate tax rate of 21% to loss before taxes and 4.74% for blended state income tax rate, the blended rate used was 25.74%), as follows (in thousands):
|  | 2019 |  | 2018
Computed “expected” tax-benefit – Federal |  | $ | (3,230) |  | $ | (2,818)
Computed “expected” tax-benefit – State |  |  | (729) |  |  | (636)
Non-deductible stock-based compensation |  |  | 864 |  |  | 288
Fair Market Value Adjustment – Warrants |  |  | — |  |  | (1,051)
Change in valuation allowance |  |  | 3,095 |  |  | 4,217
|  | $ | — |  | $ | —
Schedule of Deferred Tax Assets and Liabilities | The effects of temporary differences that gave rise to significant portions of deferred tax assets at December 31, 2019 and 2018 are as follows (in thousands ):
|  | 2019 |  | 2018
Deferred tax assets: |  |  |  |  |  |
Stock issued for services |  | $ | 1,223 |  | $ | 1,998
Accrued compensation |  |  | 20 |  |  | 38
Stock issued for acquisition of program |  |  | 1,301 |  |  | 1,224
Stock issued for license agreement |  |  | 1,574 |  |  | 1,760
Stock issued for milestone payment |  |  | 255 |  |  | 278
Amortizable license fee |  |  | 5 |  |  | 5
Net operating loss carry-forward |  |  | 48,532 |  |  | 44,512
Total gross deferred tax assets |  |  | 52,910 |  |  | 49,815
Less: valuation allowance |  |  | (52,910) |  |  | (49,815)
Total net deferred tax assets |  | $ | — |  | $ | —

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