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

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

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

	December 31,
	2019			2018
Federal statutory rate		(21.0	)%		(21.0	)%
State taxes, net of federal benefit		(7.0	)%		(2.9	)%
Return to provision		(11.2	)%		0.0	%
Equity related expenses		(5.7	)%		(10.7	)%
Change in valuation allowance		44.9	%		17.7	%
Goodwill impairment		0.0	%		14.7	%
Other permanent differences		0.0	%		2.2	%
Total income tax expense		0.0	%		0.0	%

	December 31,
	2019			2018

Pre-tax book income tax at statutory rate	$	(1,007	)	$	(1,845	)
State taxes, net of federal benefit		(336	)		(252	)
Return to provision		(538	)		4
Equity related expenses		(274	)		501
Change in statutory rate		-			-
Change in valuation allowance		2,153			1,556
Other		2			36
Total income tax expense	$	-		$	-

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

	December 31,
	2019			2018
Deferred tax assets:
Net operating loss carryforwards	$	48,104		$	46,096
Stock-based compensation		2,918			2,918
Inventory reserve		-			-
Federal R&D credit		2,222			2,222
Accrued expenses		112			49
Depreciation		27			-
Intangibles		1			-
Other		-			98
Total deferred tax assets		53,384			51,383
Deferred tax liabilities:
Depreciation		-			(31	)
Intangibles		-			(134	)

Total deferred tax liabilities		-			(165	)
Less valuation allowance		(53,384	)		(51,352	)
Net deferred tax liability	$	-		$	(134	)