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, 2015

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, 2015, 2014 and 2013 were as follows:

	Years Ended December 31,
	2015		2014		2013
Domestic	$	(19,918)	$	(33,750)	$	(11,928)
Foreign		328		113		65
Loss before income taxes	$	(19,590)	$	(33,637)	$	(11,863)

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, 2015, 2014 and 2013 differed from the amounts computed by applying the statutory federal income tax rate of 34% to pretax income (loss) as a result of the following:

	Years Ended December 31,
	2015			2014			2013

Federal tax at statutory rate		34.0	%		34.0	%		34.0	%
State tax, net of federal tax effect		-			1.5			5.8
R&D credit		0.5			0.3			-
Change in valuation allowance		(38.4)			(18.9)			(40.1)
Non- deductible expenses		(1.0)			(.2)			(3.6)
Unrealized (gain) loss on warrant		4.3
Foreign		0.5			(0.1)			(0.1)
Other		0.1			0.1			1.6
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, 2015 and 2014 were as follows:

	December 31,
	2015		2014
Deferred tax assets:
Depreciation and other	$	—	$	1,409
Net operating loss carryforwards		26,826		19,525
Unused R& D tax credits		530		381
Accruals & reserves		317		—
Deferred Revenue		693		—
Stock Compensation		1,222		—
Other		43		—
Deferred tax liabilities:
Depreciation and other		(220)		—
Prepaid expenses		(113)		—
Less: Valuation allowance		(29,298)		(21,315)
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, 2013	$	93
Increase of unrecognized tax benefits taken in prior years		4
Increase of unrecognized tax benefits related to current year		46
Balance at December 31, 2014	$	143
Decrease of unrecognized tax benefits taken in prior years		(19)
Increase of unrecognized tax benefits related to current year		75
Balance at December 31, 2015	$	199
Balance at December 31, 2015	$	199