Axogen, Inc. Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

December 31	2013		2012
	$		$
Deferred tax assets:
Net operating loss carryforwards	23,075,700		18,182,000
Charitable contributions	500		2,800
Inventory Reserves	144,000		365,600
Stock-based compensation	101,500		52,300
Total deferred tax assets	23,321,700		18,602,700
Deferred tax liabilities:
Depreciation	(84,100	)	(154,900	)
Amortization	121,000		(51,700	)
Total deferred tax assets (liabilities)	36,900		(206,600	)
Net deferred tax assets	23,358,600		18,396,100
Valuation allowance	(23,358,600	)	(18,396,100	)