Table:
|  | 2019 | 2018 |
| --- | --- | --- |
| Net taxable (loss) at effective tax rates | $(2,508) | $(1,567) |
| Stock compensation expense | 119 | 358 |
| Amortization of debt discount | 94 | 10 |
| Impairment of goodwill | - | 519 |
| Other | (223) | (153) |
| Valuation allowance | 2,518 | 833 |
| Income tax expense | $- | $- |
Paragraphs:
13. INCOME TAXES
The Company files income tax returns in the U.S. federal jurisdiction and the state of California. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2015.
Deferred income taxes have been provided by temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for tax purposes. To the extent allowed by GAAP, the Company provides valuation allowances against the deferred tax assets for amounts when the realization is uncertain. Included in the balances at December 31, 2019 and 2018, are no tax positions for which the ultimate deductibility is highly certain, but for which there is uncertainty about the timing of such deductibility. Because of the impact of deferred tax accounting, other than interest and penalties, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period.
The Company’s policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the periods ended December 31, 2019 and 2018, the Company did not recognize interest and penalties.
The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the year ended December 31, 2019 and 2018 due to the following:
Question:
What is the percentage change in the stock compensation expense from 2018 to 2019?
Answer: (119-358)/358 = -66.76