Rendering

Component: (Network and Table)
Network
130 - Disclosure - Income Taxes (Tables)
(http://www.cymabay.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlockTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001042074 (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

Significant components of the Company’s deferred tax assets are as follows (in thousands):

 

     December 31  
     2016      2015  

Deferred tax assets:

      

Federal and state net operating loss carryforwards

    $ 88,111      $ 79,966  

Capitalized research and development

      22,272        22,287  

Federal and state tax credit carryforwards

      8,141        7,571  

Stock based compensation

      2,080        1,384  

Other

      974        628  
  

 

 

     

 

 

  

Total deferred tax assets

      121,578        111,836  

Valuation allowance

      (121,578 )       (111,836 ) 
  

 

 

     

 

 

  

Net deferred tax assets

    $ —        $ —    
  

 

 

     

 

 

  
  
Summary of Reconciliation of Expected Statutory Federal Income Tax Provision to Actual Income Tax Provision

The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax provision (in thousands):

 

     December 31  
     2016      2015  

Expected income tax benefit at federal statutory tax rate

    $ (9,068 )     $ (5,280 ) 

Change in valuation allowance

      9,775        9,815  

State income taxes, net of federal benefit

      (458 )       (618 ) 

Permanent items

      196        (3,542 ) 

Research credits

      (445 )       (375 ) 
  

 

 

     

 

 

  

Income tax (benefit) expense

    $ —        $ —    
  

 

 

     

 

 

  
  
Summary of Gross Unrecognized Tax Benefits

The following table summarizes activity related to the Company’s gross unrecognized tax benefits (in thousands):

 

     Total  

Balances as of December 31, 2014

    $ 1,991  

Increases related to prior year tax positions

      —    

Increases related to 2015 tax positions

      136  
  

 

 

  

Balances as of December 31, 2015

    $ 2,127  

Increases related to prior year tax positions

      —    

Increases related to 2016 tax positions

      159  
  

 

 

  

Balances as of December 31, 2016

    $ 2,286