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

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

December 31	2014			2013

Deferred tax assets:
Net operating loss carryforwards	$	29,263,100		$	23,075,700
Charitable contributions	500			500
Inventory Reserves	152,000			144,000
Stock-based compensation	107,900			101,500
Total deferred tax assets	29,523,500			23,321,700
Deferred tax liabilities:
Depreciation	(85,700		)	(84,100		)
Amortization	123,500			121,000
Total deferred tax assets (liabilities)	37,800			36,900
Net deferred tax assets	29,561,300			23,358,600
Valuation allowance	(29,561,300		)	(23,358,600		)