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

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012


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	)