SINTX Technologies, Inc. General form of registration statement for all companies including face-amount certificate companies

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

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

	2021			2020
	December 31,
	2021			2020
Federal statutory rate		(21.0	)%		(21.0	)%
State taxes, net of federal benefit		(4.7	)%		(4.4	)%
Equity related expenses		(1.7	)%		(2.6	)%
Tax exempt income		(2.2	)%		-	%
Change in valuation allowance		29.6	%		28.0	%
Total income tax expense		0.0	%		0.0	%

	2021			2020
	December 31,
	2021			2020

Pre-tax book income tax at statutory rate	$	(1,843	)	$	(1,476	)
State taxes, net of federal benefit		(409	)		(312	)
Return to provision		-			1
Equity related expenses		(146	)		(182	)
Change in valuation allowance		2,587			1,970
Other		189			(1	)
Total income tax expense	$	-		$	-

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

	2021			2020
	December 31,
	2021			2020
Deferred tax assets:
Net operating loss carryforwards	$	52,559		$	50,005
Stock-based compensation		3,006			2,929
Federal R&D credit		2,222			2,222
Accrued expenses		156			135
Intangibles		216			103
Right of use asset/liabilities		3			-
Total deferred tax assets		58,162			55,394
Deferred tax liabilities:
Depreciation		(221	)		(29	)
Right of Use Asset/Liabilities		-			(11	)

Total deferred tax liabilities		(221	)		(40	)
Less valuation allowance		(57,941	)		(55,354	)
Net deferred tax liability	$	-		$	-