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, 2016

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, 2016, 2015, and 2014 were as follows:

	Years Ended December 31,
	2016		2015		2014
Domestic	$	(21,458)	$	(19,918)	$	(33,750)
Foreign		(2,012)		328		113
Loss before income taxes	$	(23,470)	$	(19,590)	$	(33,637)

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, 2016, 2015, and 2014 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,
	2016			2015			2014
Federal tax at statutory rate		34.0	%		34.0	%		34.0	%
State tax, net of federal tax effect		-			-			1.5
R&D credit		0.9			0.5			0.3
Change in valuation allowance		(40.8)			(38.4)			(18.9)
Non- deductible expenses		(0.2)			(1.0)			(.2)
Unrealized (gain) loss on warrant		6.2			4.3
Foreign		(0.4)			0.5			(0.1)
Other		0.3			0.1			0.1
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, 2016 and 2015 were as follows:

	December 31,
	2016		2015
Deferred tax assets:
Depreciation and other	$	61	$	-
Net operating loss carryforwards		35,647		26,826
Unused R& D tax credits		872		530
Accruals & reserves		951		317
Deferred Revenue		246		693
Stock Compensation		2,430		1,222
Other		86		43
Deferred tax liabilities:
Depreciation and other		-		(220)
Prepaid expenses		(168)		(113)
Less: Valuation allowance		(40,125)		(29,298)
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
Increase of unrecognized tax benefits taken in prior years		4
Increase of unrecognized tax benefits related to current year		132
Balance at December 31, 2016	$	335