Ekso Bionics Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of domestic and foreign components of pre-tax loss

The domestic and foreign components of pre-tax loss for the years ended December 31, 2018 and 2017 were as follows:



	Years Ended December 31,
	2018			2017
Domestic	$	(24,787	)	$	(26,434	)
Foreign	(2,205		)	(2,688		)
Loss before income taxes	$	(26,992	)	$	(29,122	)

Schedule of income tax expense (benefit) differed from the amounts computed by applying the statutory federal income tax rate to pretax income (loss)

Income tax expense (benefit) for the years ended December 31, 2018 and 2017 differed from the amounts computed by applying the statutory federal income tax rate of 21% and 34%, respectively, to pretax income (loss) as a result of the following:



	Years Ended December 31,
	2018		2017
Federal tax at statutory rate	21.0	%	34.0	%
State tax, net of federal tax effect	—		—
R&D credit	1.3		1.2
Change in valuation allowance	(21.1	)	18.9
Deferred tax impacts of the Tax Act	—		(59.1	)
Unrealized (gain) loss on warrant	0.8		3.1
Foreign	1.0		(0.4	)
Other	(3.0	)	2.3
Total tax expense	—	%	—	%

Schedule of tax effects of temporary differences and related deferred tax assets and liabilities

The tax effects of temporary differences and related deferred tax assets and liabilities as of December 31, 2018 and 2017 were as follows:



	December 31,
	2018			2017
Deferred tax assets:
Depreciation and other	$	248		$	242
Net operating loss carryforwards	36,970			31,590
Unused R& D tax credits	1,769			1,359
Accruals & reserves	480			524
Deferred Revenue	221			253
Stock Compensation	1,888			2,277
Other	55			42
Deferred tax liabilities:
Prepaid expenses	(49		)	(314		)
Less: Valuation allowance	(41,582		)	(35,973		)
Net deferred tax asset (liability)	$	—		$	—

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits were as follows:



Balance at December 31, 2016	335
Increase of unrecognized tax benefits taken in prior years	33
Increase of unrecognized tax benefits related to current year	119
Balance at December 31, 2017	487
Increase of unrecognized tax benefits taken in prior years	51
Increase of unrecognized tax benefits related to current year	90
Balance at December 31, 2018	$	628