Rendering
| Component: (Network and Table) |
|---|
| Network | 100340 - Disclosure - Income Taxes (Tables) (http://www.arcadiabio.com/20161231/taxonomy/role/DisclosureIncomeTaxesTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0001469443 (http://www.sec.gov/CIK) |
| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Income Tax Disclosure [Abstract] | |
Components of Loss Before Income Taxes |
The components of loss before income taxes are as follows:
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Domestic |
|
$ |
(19,599 |
) |
|
$ |
(17,930 |
) |
|
Foreign |
|
|
— |
|
|
|
— |
|
|
Loss before income taxes |
|
$ |
(19,599 |
) |
|
$ |
(17,930 |
) |
|
Provision for Income Taxes |
The components of the provision for income taxes for the years ended December 31, 2016 and 2015 are as follows (in thousands):
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Current: |
|
|
|
|
|
|
|
|
|
Federal |
|
$ |
— |
|
|
$ |
— |
|
|
State |
|
|
1 |
|
|
|
2 |
|
|
Foreign |
|
|
24 |
|
|
|
24 |
|
|
Total current tax expense |
|
|
25 |
|
|
|
26 |
|
|
Deferred: |
|
|
|
|
|
|
|
|
|
Federal |
|
|
— |
|
|
|
— |
|
|
State |
|
|
— |
|
|
|
— |
|
|
Foreign |
|
|
— |
|
|
|
— |
|
|
Total deferred tax benefit |
|
|
— |
|
|
|
— |
|
|
Total tax expense |
|
$ |
25 |
|
|
$ |
26 |
|
|
Reconciliation of the Statutory Federal Income Tax Rate |
The following is a reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows:
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Expected income tax provision at the federal
statutory rate |
|
|
34.0 |
% |
|
|
34.0 |
% |
|
State taxes, net of federal benefit |
|
|
4.7 |
% |
|
|
4.5 |
% |
|
Change in valuation allowance |
|
|
(37.8 |
)% |
|
|
(36.8 |
)% |
|
Nondeductible expenses |
|
|
(0.9 |
)% |
|
|
(1.8 |
)% |
|
Withholding taxes |
|
|
(0.1 |
)% |
|
|
(0.1 |
)% |
|
Income tax provision |
|
|
(0.1 |
)% |
|
|
(0.2 |
)% |
|
Deferred Tax Assets and Liabilities |
Significant components of the Company’s deferred tax assets are as follows (in thousands)
|
|
|
As of December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Deferred tax assets: |
|
|
|
|
|
|
|
|
|
Net operating loss carryforwards |
|
$ |
49,593 |
|
|
$ |
41,807 |
|
|
Unearned revenue |
|
|
1,501 |
|
|
|
1,421 |
|
|
Stock-based compensation |
|
|
2,861 |
|
|
|
2,485 |
|
|
Accrued payroll and benefits |
|
|
215 |
|
|
|
226 |
|
|
Research and development credits |
|
|
143 |
|
|
|
106 |
|
|
Capital loss carryover |
|
|
13 |
|
|
|
16 |
|
|
Fixed asset basis difference |
|
|
191 |
|
|
|
192 |
|
|
Inventory reserve |
|
|
1,110 |
|
|
|
912 |
|
|
Charitable contributions |
|
|
5 |
|
|
|
7 |
|
|
Total deferred tax assets |
|
|
55,632 |
|
|
|
47,172 |
|
|
Less valuation allowance |
|
|
(55,632 |
) |
|
|
(47,172 |
) |
|
Net deferred tax assets |
|
$ |
— |
|
|
$ |
— |
|
|