Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 40

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 40
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 tax assets or portions thereof will be realized.

        F-
       22

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

   Components of loss before income taxes are as follows:

       Year Ended December 31,  
   2024    2023  
 Domestic  $(27,044) $(35,039)
 International   (11,922)  (10,716)
 Loss before income taxes  $(38,966) $(45,755)

   Components of the provision (benefit) for income taxes allocated to continuing operations include the following:

      Year Ended December 31, 
   2024    2023  
 Current:         
 Federal  $5  $(141)
 State   (13)  (9)
 Foreign   (36)  (37)
 Sub-total  $(44) $(187)
 Deferred:         
 Federal  $—  $(17)
 State   —   — 
 Foreign   —   — 
 Sub-total  $—  $(17)
 Total  $(44) $(204)

   The reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate is as follows:

      Year Ended      Year Ended     
   December 31,        December 31,      
   2024    %    2023    %  
 Income taxes computed at statutory rates  $8,183   (21)% $9,609   (21)%
 (Increases) decreases resulting from:                 
 Change in valuation allowance   (9,319)  24%  (11,716)  26%
 NOL surrendered for refundable tax credit   (1,355)  4%  (1,607)  4%
 Foreign research deductions and credits   650   (2)%  803   (2)%
 Federal and state research and experimentation credits   1,288   (3)%  1,412   (3)%
 State income taxes, net of federal tax benefit   (139)  —%  468   (1)%
 Other   648