Rendering
| Component: (Network and Table) |
|---|
| Network | 00000030 - Disclosure - Income Taxes (Tables) (http://amedica.com/role/IncomeTaxesTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0001269026 (http://www.sec.gov/CIK) |
| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2015-01-01 - 2015-12-31 |
|---|
Income Tax Disclosure [Abstract] | |
Schedule of Reconciliation Statutory Federal Income Tax Provision to Actual Income Tax Benefit |
The following is a reconciliation of
the expected statutory federal income tax provision to the actual income tax benefit (in thousands):
| |
|
Year Ended December 31, |
|
| |
|
2015 |
|
|
2014 |
|
| Federal statutory rate |
|
|
(35.0 |
)% |
|
|
(34.0 |
)% |
| State taxes, net of federal benefit |
|
|
(2.3 |
)% |
|
|
(4.3 |
)% |
| Research and development credits |
|
|
1.5 |
% |
|
|
(0.7 |
)% |
| Equity related expenses |
|
|
10.7 |
% |
|
|
2.9 |
% |
| Change in valuation allowance |
|
|
25.1 |
% |
|
|
36.1 |
% |
| Total income tax expense |
|
|
0.0 |
% |
|
|
0.0 |
% |
|
Significant Components of Deferred Tax Assets and Liabilities |
Significant components of the Company’s
deferred tax assets and liabilities were as follows (in thousands):
| |
|
December 31, |
|
| |
|
2015 |
|
|
2014 |
|
| Deferred tax assets: |
|
|
|
|
|
|
|
|
| Net operating loss carryforwards |
|
$ |
56,679 |
|
|
$ |
50,673 |
|
| Depreciation |
|
|
37 |
|
|
|
60 |
|
| Research credits |
|
|
2,222 |
|
|
|
2,587 |
|
| Other |
|
|
6,308 |
|
|
|
6,057 |
|
| Total deferred tax assets |
|
|
65,246 |
|
|
|
59,377 |
|
| Deferred tax liabilities: |
|
|
|
|
|
|
|
|
| Amortization of intangible assets |
|
|
(807 |
) |
|
|
(918 |
) |
| Total deferred tax liabilities |
|
|
(807 |
) |
|
|
(918 |
) |
| Net deferred tax assets |
|
|
64,439 |
|
|
|
58,459 |
|
| Less valuation allowance |
|
|
(64,573 |
) |
|
|
(58,593 |
) |
| Net deferred tax assets (liabilities) |
|
$ |
(134 |
) |
|
$ |
(134 |
) |
|