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Network
128 - Disclosure - Income Taxes (Tables)
(http://www.aldeyra.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlockTables)
Table(Implied)
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Reporting Entity [Axis]0001341235 (http://www.sec.gov/CIK)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities at December 31, 2016 and 2015 are as follows:

 

     12/31/2016      12/31/2015  

Deferred Tax Assets

      

Federal & State NOL carryforward

    $ 16,669,295      $ 10,115,458  

Federal & State R&D credit carryforward

      1,271,891        667,688  

Intangibles – net

      700,215        932,060  

Accounts payable and accrued expenses

      772,841        591,843  

Stock options

      2,399,666        2,152,854  

Fixed assets – net

      3,861        213  
  

 

 

     

 

 

  

Gross deferred tax assets

      21,817,769        14,460,116  

Valuation Allowance – US

      (21,786,477 )       (14,418,095 ) 
  

 

 

     

 

 

  

Net Deferred Tax Assets

      31,292        42,021  

Deferred Tax Liabilities

      

Note Discounts

      (31,292 )       (42,021 ) 
  

 

 

     

 

 

  

Gross deferred tax liabilities

      (31,292 )       (42,021 ) 
  

 

 

     

 

 

  

TOTAL

    $ —      $ —  
  

 

 

     

 

 

  

  
Summary of Statutory Tax Rates and Effective Tax Rates

A reconciliation of the federal statutory tax rate of 34% to the Company’s effective income tax rates are as follows:

 

     Years ended December 31,  
     2016     2015  

Statutory tax rate

      34.00 %      34.00 % 

State taxes, net of federal benefits

      5.24 %      5.22 % 

Federal research and development credits

      2.84 %      1.92 % 

Change in valuation allowance

      (39.42 )%      (40.10 )% 

Stock-based compensation

      (2.63 )%      0.00 % 

Other

      (0.03 )%      (1.04 )% 
  

 

 

    

 

 

  

Effective tax rate

      0.00 %      0.00 %