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

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

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

	2023			2022
	December 31,
	2023			2022
Federal statutory rate		(21.0	)%		(21.0	)%
State taxes, net of federal benefit		(5.0	)%		(3.7	)%
Return to provision		0.0	%		(0.7	)%
Equity related expenses		(12.5	)%		1.9	%
Change in valuation allowance		38.5	%		23.5	%
Total income tax expense		0.0	%		0.0	%

	2023			2022
	December 31,
	2023			2022

Pre-tax book income tax at statutory rate	$	(1,734	)	$	(2,531	)
State taxes, net of federal benefit		(414	)		(450	)
Return to provision		-			(86	)
Equity related expenses		(1,036	)		229
Change in valuation allowance		3,181			2,845
Other		3			(7	)
Total income tax expense	$	-		$	-

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

	2023			2022
	December 31,
	2023			2022
Deferred tax assets:
Net operating loss carryforwards	$	55,797		$	53,842
Stock-based compensation		3,171			3,099
Federal R&D credit		2,222			2,222
Accrued expenses		121			101
Capitalized research expenses		3,083			1,448
Intangibles		292			347
Right of use asset/liabilities		26			12
Other		18			2
Total deferred tax assets		64,730			61,073
Deferred tax liabilities:
Depreciation		(763	)		(287	)

Total deferred tax liabilities		(763	)		(287	)
Less valuation allowance		(63,967	)		(60,786	)
Net deferred tax liability	$	-		$	-