Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.19.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Taxes  
Schedule of net deferred tax assets

 

 

 

 

 

 

 

 

    

2018

 

2017

Federal net operating losses

 

$

3,840

 

$

627

State net operating losses

 

 

1,300

 

 

212

Stock based compensation

 

 

552

 

 

268

Federal and state tax credits

 

 

366

 

 

42

Accrued expense

 

 

203

 

 

 9

Total gross deferred tax assets

 

 

6,261

 

 

1,158

Less: valuation allowance

 

 

(6,261)

 

 

(1,158)

Net deferred tax assets

 

$

 —

 

$

 —

 

Schedule of reconciliation between the effective tax rate and the federal statutory rate

 

 

 

 

 

 

 

 

 

 

 

 

Inception to

 

 

    

2018

    

 

2017

 

Federal Statutory Rate

 

21.0

%  

 

34.0

%

Change in Federal Rate

 

 —

 

 

(11.4)

 

Stock based compensation

 

(2.2)

 

 

(4.2)

 

Federal and state credits

 

1.6

 

 

0.9

 

State Taxes

 

6.3

 

 

 —

 

Change in valuation allowance

 

(26.5)

 

 

(19.3)

 

Other

 

(0.2)

 

 

 —

 

Effective Tax Rate

 

0.0

%  

 

 —

%