Rendering
| Component: (Network and Table) |
|---|
| Network | 100300 - Disclosure - Income Taxes (Tables) (http://www.achaogen.com/20161231/taxonomy/role/DisclosureIncomeTaxesTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0001301501 (http://www.sec.gov/CIK) |
| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Income Tax Disclosure [Abstract] | |
Schedule of Effective Income Tax Rate Reconciliation |
A reconciliation of the statutory tax rates and the effective tax rates for the years ended December 31, 2016, 2015 and 2014 is as follows:
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Statutory tax rate |
|
|
34.00 |
% |
|
|
34.00 |
% |
|
|
34.00 |
% |
|
State taxes, net of federal benefits |
|
|
0.96 |
% |
|
|
-3.62 |
% |
|
|
5.04 |
% |
|
Stock-based compensation |
|
|
-0.62 |
% |
|
|
-1.20 |
% |
|
|
-0.76 |
% |
|
Credits |
|
|
1.46 |
% |
|
|
3.30 |
% |
|
|
3.21 |
% |
|
Other |
|
|
-0.10 |
% |
|
|
-0.54 |
% |
|
|
-1.74 |
% |
|
Valuation allowance |
|
|
-26.22 |
% |
|
|
-31.94 |
% |
|
|
-39.75 |
% |
|
Warrant Valuation |
|
|
-9.48 |
% |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
Effective tax rate |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
Schedule of Deferred Tax Assets and Liabilities |
The tax effects of temporary differences and carryforwards that give rise to the Company’s deferred tax assets are as follows (in thousands):
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Deferred tax assets: |
|
|
|
|
|
|
|
|
|
Net operating loss carry forwards |
|
$ |
71,858 |
|
|
$ |
57,558 |
|
|
Research and development credit |
|
|
10,969 |
|
|
|
8,531 |
|
|
Intangible assets |
|
|
1,653 |
|
|
|
1,994 |
|
|
Depreciation |
|
|
191 |
|
|
|
195 |
|
|
Temporary differences |
|
|
4,682 |
|
|
|
2,396 |
|
|
Gross Deferred tax assets |
|
|
89,353 |
|
|
|
70,674 |
|
|
Less: valuation allowance |
|
|
(89,353 |
) |
|
|
(70,674 |
) |
|
Net deferred tax assets |
|
$ |
— |
|
|
$ |
— |
|
|
Summary of Unrecognized Tax Benefits |
A reconciliation of the Company’s unrecognized tax benefits is as follows (in thousands):
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Balance at beginning of year |
|
$ |
957 |
|
|
$ |
— |
|
|
$ |
— |
|
|
Increase related to current year tax provision |
|
|
240 |
|
|
|
162 |
|
|
|
— |
|
|
Increase related to prior year tax provision |
|
|
— |
|
|
|
795 |
|
|
|
— |
|
|
Balance at end of year |
|
$ |
1,197 |
|
|
$ |
957 |
|
|
$ |
— |
|
|