Income Taxes |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2016 | |||
| Income Taxes |
We did not record any current or deferred U.S. federal income tax provision or benefit for the three-month periods ended March 31, 2016 and 2015 because we have experienced operating losses since inception. The Company has recognized a full valuation allowance related to its net deferred tax assets, including substantial net operating loss carryforwards. As of March 31, 2016, the Company had approximately $65 million of net operating loss carryovers and amortizable expenses related to acquisitions that can be used to offset the Company’s income for federal and state tax purposes. |
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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