Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.20.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Effective Income Tax Rate Reconciliation
The difference between income taxes expected at the U.S. federal statutory income tax rate of 21% and the reported income tax expense (benefit) are summarized as follows:
December 31,
2019 2018
Income tax at statutory rate $ (2,703)   $ (2,138)  
Valuation allowance 2,948    2,266   
State income tax, net of federal benefit (606)   (521)  
Business tax credit net of reserves —    (325)  
Non-deductible expenses 365    341   
Foreign income taxes at different rate 1    3   
Income tax benefit $ 5    $ (374)  
Effective tax rate (0.04) % 3.67  %
Provision Expense (Benefit) for Income Taxes
The provision expense (benefit) for income taxes consists of the following:
Year Ended December 31,
2019 2018
Current:
Federal $ —    $ —   
State 5    13   
Foreign —    —   
Total current 5    13   
Deferred:
Federal —    (346)  
State —    (41)  
Foreign —    —   
Total deferred —    (387)  
Total $ 5    $ (374)  
Components of Net Deferred Income Taxes The components of net deferred income taxes consist of the following:
December 31,
2019 2018
Deferred tax assets:
Net operating loss $ 26,285    $ 24,280   
Reserves and accruals 3,842    2,836   
Tax credits 1,463    1,349   
Gross deferred tax assets 31,590    28,465   
Less valuation allowance (31,349)   (28,401)  
Total deferred tax assets 241    64   
Deferred tax liabilities:
Amortization of acquired intangibles (241)   (64)  
Total deferred tax liabilities (241)   (64)  
Net deferred tax liabilities $ —    $ —   
Reconciliation of Unrecognized Tax Benefits
The following is a tabular reconciliation of the total amounts of unrecognized tax benefits:
December 31,
2019 2018
Unrecognized tax benefits, beginning of period $ 1,516    $ 889   
Tax positions taken in prior periods:
Gross increases —    166   
Gross decreases —    —   
Tax positions taken in current period:
Gross increases 15    461   
Settlements —    —   
Lapse of statute of limitations —    —   
Unrecognized tax benefits, end of period $ 1,531    $ 1,516