Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.6.0.2
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2016
Income Taxes Tables  
Deferred Tax Assets

Deferred Tax Assets ($ in millions)

 

    Total     Total     Deferred Tax Asset  
    2016     2015     2016     2015  
Capitalized start-up costs   $ 3.0     $ 3.6     $ 1.1     $ 1.4  
Abandonment loss     0.2       0.4       0.1       0.2  
Stock-based compensation - net     8.9       15.6       3.4       5.9  
Accruals     0.5       0.5       0.2       0.2  
Net operating loss carry-forward     56.0       49.9       21.3       18.8  
Less: valuation allowance     (68.6 )     (69.5 )     (26.1 )     (26.5 )
Total   $ -     $ -     $ -     $ -  

 

income taxes (benefit)
    December 31,     December 31,  
($ in millions)   2016     2015  
Tax benefit at U.S. federal and state statutory rates   $ (2.0 )   $ (1.5 )
Warrant revaluation (income)/expense     (0.5 )     (0.8 )
Stock-based compensation     2.8       0.9  
Increase in valuation allowance     (0.3 )     1.4  
Total provision for income tax benefit   $ -     $ -