Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.21.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Taxes  
Schedule for Deferred Tax Assets

 

2020

 

 

2019

 

Capitalized start-up costs

 

$ 0.1

 

 

$ 0.4

 

Stock-based compensation

 

 

3.3

 

 

 

3.0

 

Patent impairment provision

 

 

0.3

 

 

 

 

Accrued legal settlement

 

 

1.1

 

 

 

 

Partnership basis differences

 

 

 

 

 

(0.3 )

Net operating loss carry-forward

 

 

24.3

 

 

 

22.3

 

Research and development tax credits

 

 

0.3

 

 

 

0.3

 

Less: valuation allowance

 

 

(29.4 )

 

 

(25.7 )

Total

 

$

 

 

$

 

Summary of income taxes (benefit)

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Tax benefit at US federal statutory rates

 

$ (3.0 )

 

$ (2.2 )

Tax benefit at state statutory rates

 

 

(0.6 )

 

 

(0.1 )

Tax benefit from federal and state R&D tax credits

 

 

(0.1 )

 

 

(0.1 )

Increase in valuation allowance

 

 

3.7

 

 

 

2.4

 

Total provision for income tax benefit

 

$

 

 

$