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

Income Taxes (Tables)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019 were as follows:


	Years Ended December 31,
	2020		2019
Domestic	$	(14,954)	$	(10,321)
Foreign	(871)		(1,811)
Loss before income taxes	$	(15,825)	$	(12,132)

Schedule of Income Tax Expense (Benefit) Differed from Amounts Computed by Applying Statutory Federal Income Tax Rate to Pretax Income (Loss)

Income tax expense (benefit) for the years ended December 31, 2020 and 2019 differed from the amounts computed by applying the statutory federal income tax rate of 21% to pretax loss as a result of the following:


	Years Ended December 31,
	2020		2019
Federal tax at statutory rate	21.0	%	21.0	%
State tax, net of federal tax effect	—		—
R&D credit	—		1.0
Change in valuation allowance	(16.6)		(27.2)
Unrealized gain on warrant	(4.5)		8.7
Foreign exchange	0.6		0.9
Other	(0.5)		(4.4)
Total tax expense (benefit)	—	%	—	%

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, 2020 and 2019 were as follows:


	December 31,
	2020		2019
Deferred tax assets:
Depreciation and other	$	235	$	263
Net operating loss carryforwards	43,241		40,683
Research and development tax credits	1,837		1,817
Accruals and reserves	380		289
Deferred revenue	401		220
Stock compensation expense	2,547		2,197
Lease assets	110		224
Other	37		45

Deferred tax liabilities:
Lease liabilities	(88)		(214)
Prepaid expenses	(27)		(43)
Less: Valuation allowance	(48,673)		(45,481)
Net deferred tax asset (liability)	$	—	$	—

Schedule of Reconciliation of Unrecognized Tax Benefits

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





Balance as of December 31, 2019	637
Increase of unrecognized tax benefits taken in prior years	1
Increase of unrecognized tax benefits related to current year	7
Balance as of December 31, 2020	$	645