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

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax benefit (in thousands):

	Years Ended December 31,
	2014			2013
Federal statutory rate		(34.0	)%		(34.0	)%
State taxes, net of federal benefit		(4.3	)%		(4.3	)%
Research and development credits		(0.7	)%		(3.0	)%
Equity related expenses		2.9	%		(5.0	)%
Change in valuation allowance		36.1	%		46.3	%
Total income tax expense		0.0	%		0.0	%

Significant components of the Company’s deferred tax assets and liabilities were as follows (in thousands):

	December 31,
	2014			2013
Deferred tax assets:
Net operating loss carryforwards	$	50,673		$	42,661
Depreciation		60			17
Research credits		2,587			2,350
Other		6,057			2,823
Total deferred tax assets		59,377			47,851
Deferred tax liabilities:
Amortization of intangible assets		(918	)		(1,028	)
Total deferred tax liabilities		(918	)		(1,028	)
Net deferred tax assets		58,459			46,823
Less valuation allowance		(58,593	)		(46,957	)
Net deferred tax assets (liabilities)	$	(134	)	$	(134	)