Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 438

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 438
---
 as of December
31,

 SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

    In thousands 

    Deferred tax assets 
    2024  
    2023 
  
    Reserves and deferred revenue 
    $1,395  
    $1,213 
  
    163(j) Limitation 
     3,752  
     3,165 
  
    Foreign deferred tax assets 
     1,238  
     356 
  
    Net operating loss 
     11,174  
     10,731 
  
    Total gross deferred tax assets 
     17,559  
     15,465 
  
    Less: Valuation Allowance 
     (16,316) 
     (14,947)
  
    Net deferred tax assets 
     1,243  
     518 

    Deferred tax liabilities 

    Depreciation 
     (4) 
     (162)
  
    Total deferred tax liabilities 
     (4) 
     (162)

    Net deferred tax assets 
    $1,239  
    $356 

    F-25

Components
of net deferred tax assets, including a valuation allowance, are as follows as of December 31:

 SCHEDULE OF DEFERRED TAX ASSETS AND VALUATION ALLOWANCES

    2024  
    2023 
  
    Net deferred tax assets 
    $17,555  
    $15,303 
  
    Valuation allowance 
     (16,316) 
     (14,947)
  
    Total deferred tax assets 
    $1,239  
    $356 

The
valuation allowance for deferred tax assets as of December 31, 2024 and 2023 was $16.3 million and $14.9 million, respectively. In assessing
the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all the deferred
tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income
in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred
tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Management has recorded a 100%
valuation allowance, against its U.S. net deferred tax assets, since Management believes it is more likely