Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.20.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets

Significant components of the Company's deferred tax assets at December 31, 2019 and 2018 were as follows:  

 

    December 31,  
    2019     2018  
Deferred tax assets:                
Net operating loss carryforwards – Federal and state   $ 2,183       1,413  
Net operating loss carryforwards – Israel     12,680       8,453  
Share based compensation     1,004       735  
Accrued liabilities     1,399       1,543  
Gross deferred tax assets     17,266       12,144  
Valuation allowance     (17,266 )     (12,144 )
Gross deferred tax assets after valuation allowance   $     $
Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory tax rate and the effective tax rates for the years ended December 31, 2019 and 2018 is as follows:

 

    For the Year Ended  
    December 31,  
    2019     2018  
U.S. federal statutory tax rate     21.0 %     21.0 %
State income taxes, net of federal benefit     0.9       1.1  
U.S. vs. foreign tax rate differential     1.7       0.9  
Non-deductible expenses     (1.4 )     (3.7 )
Change in valuation allowance     (22.2 )     (19.3 )
Effective tax rate     %     %
Schedule of reconciliation NOLs

A reconciliation of the Company's NOLs for the years ended December 31, 2019 and 2018 is as follows:

 

    December 31,  
    2019     2018  
U.S. Federal NOL's   $ 8,630     $ 5,720  
U.S. State NOL's     7,219       5,720  
Israel NOL's     55,132       36,751  
Total NOL's   $ 70,981     $ 48,191