Axogen, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Income Taxes (Tables)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Differences Between Carrying Amount Of Assets And Liabilities For Financial Reporting Purposes

The Company has temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and their respective income tax basis, as measured by enacted state and federal rates as follows:


December 31	2012			2011
Deferred tax assets:	$			$
Net operating loss carryforwards		18,182,000			15,065,000
Charitable contributions		2,800			3,000
Inventory Reserves		365,600			163,000
Stock-based compensation		52,300			361,000

Total deferred tax assets		18,602,700			15,592,000

Deferred tax liabilities:
Depreciation		(154,900	)		(160,000	)
Amortization		(51,700	)		(51,000	)

Total deferred tax liabilities		(206,600	)		(211,000	)

Net deferred tax assets		18,396,100			15,381,000

Valuation allowance		(18,396,100	)		(15,381,000	)