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

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax expense:

	December 31,
	2018			2017
Federal statutory rate		(21.0	)%		(35.0	)%
State taxes, net of federal benefit		(2.9	)%		(5.1	)%
Return to provision		0.0	%		(0.2	)%
Equity related expenses		(10.7	)%		(10.4	)%
Change in statutory rate		0.0	%		272.7	%
Change in valuation allowance		17.7	%		(222.1	)%
Goodwill impairment		14.7	%		0.0	%
Other permanent differences		2.2	%		0.1	%
Total income tax expense		0.0	%		0.0	%

	December 31,
	2018			2017

Pre-tax book income at statutory rate	$	(1,845	)	$	(3,265	)
State taxes, net of federal benefit		(252	)		(479	)
Return to provision		4			(21	)
Equity related expenses		501			(970	)
Changer in statutory rate		-			25,447
Change in valuation allowance		1,556			(20,723	)
Other		36			11
Total income tax expense	$	-		$	-

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

	December 31,
	2018			2017
Deferred tax assets:
Net operating loss carryforwards	$	46,096		$	41,840
Stock-based compensation		2,918			2,907
Inventory reserve		-			2,340
Federal R&D credit		2,222			2,222
Accrued expenses		49			492
Depreciation		-			-
Other		98			108
Total deferred tax assets		51,383			49,909

Deferred tax liabilities:
Depreciation		(31	)		(37	)
Intangibles		(134	)		(210	)

Total deferred tax liabilities		(165	)		(247	)
Less valuation allowance		(51,352	)		(49,796	)
Net deferred tax liability	$	(134	)	$	(134	)