Company: SATLW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001628280-25-014951
Chunk: 29

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 29
---
.Deferred tax assets and liabilities as of December 31, 2024 and 2023 consisted of the following:December 31,20242023Deferred income tax assets:Stock-based compensation$2,009 $4,218 Expense for estimated credit losses on accounts receivable1,081 1,095 Organizational costs608 753 Net operating loss carryforwards7,024 3,431 Other341 48 Total deferred income tax assets11,063 9,545 Valuation allowance(11,063)(9,545)Total deferred income tax assets (liabilities), net$— $— The Company assesses the realizability of its deferred tax assets and establishes a valuation allowance if it is more-likely-than-not that some or all of its deferred tax assets will not be realized. The Company evaluates all available positive and negative evidence such as past operating results, projected future taxable income, as well as prudent and feasible tax-

95

Table of ContentsSATELLOGIC INC. Notes to Consolidated Financial Statements (in thousands of U.S. dollars, except share and per share information, unless otherwise stated) 

planning strategies. Management believes that it is more-likely-than-not that the majority of deferred tax assets will not be realized. Accordingly, the Company has recorded a valuation allowance against its deferred tax assets.The net change in the total valuation allowance is as follows:December 31,20242023Valuation allowance, beginning of year9,545 5,802 Change in valuation allowance1,518 3,743 Valuation allowance, end of year$11,063 $9,545 Below is a summary of our estimated loss and tax credit carryforwards at December 31, 2024. Our tax attributes are subject to limitations on utilization due to historic ownership changes and may be subject to future limitations upon subsequent change of control, as defined by the Internal Revenue Code Sections 382 and 383.CountryExpirationGross Amount Carried ForwardNet Amount Recognized as of December 31, 2024ArgentinaDecember 31, 2023 - December 31, 2027$6,875 $— NetherlandsIndefinite10,261 — ChinaDecember 31, 2026 - December 31, 2027795 — United StatesIndefinite5,130 — UruguayDecember 31, 2026 - December 31, 20272,737