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

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

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

	2022			2021
	December 31,
	2022			2021
Federal statutory rate		(21.0	)%		(21.0	)%
State taxes, net of federal benefit		(3.7	)%		(4.7	)%
Return to provision		(0.7	)%		0.0	%
Equity related expenses		1.9	%		(1.7	)%
Tax exempt income		(0.0	)%		(2.2	%
Change in valuation allowance		23.5	%		29.6	%
Total income tax expense		0.0	%		0.0	%

	2022			2021
	December 31,
	2022			2021

Pre-tax book income tax at statutory rate	$	(2,531	)	$	(1,843	)
State taxes, net of federal benefit		(450	)		(409	)
Return to provision		(86	)		-
Equity related expenses		229			(146	)
Change in valuation allowance		2,845			2,587
Other		(7	)		(189	)
Total income tax expense	$	-		$	-

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

	2022			2021
	December 31,
	2022			2021
Deferred tax assets:
Net operating loss carryforwards	$	53,842		$	52,559
Stock-based compensation		3,099			3,006
Federal R&D credit		2,222			2,222
Accrued expenses		101			156
Capitalized research expenses		1,448			-
Intangibles		347			216
Right of use asset/liabilities		12			3
Other		2			0
Total deferred tax assets		61,073			58,162
Deferred tax liabilities:
Depreciation		(287	)		(221	)
Right of Use Asset/Liabilities		-			-

Total deferred tax liabilities		(287	)		(221	)
Less valuation allowance		(60,786	)		(57,941	)
Net deferred tax liability	$	-		$	-