Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 39

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 39
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 all the shares subject to the award, the shares covered by that award will again be available for issuance under the
      2018 Plan. Shares that are (i) tendered by a participant or retained by the Company as payment for the purchase price of an award or to satisfy tax withholding obligations or (ii) covered by an award that is settled in cash, or in some manner that some or all of the shares covered by the award are
      not issued, will again be available for issuance under the
      2018 Plan. In addition, awards granted as substitute awards in connection with acquisition transactions will
      not reduce the number of shares authorized for issuance under the
      2018 Plan.

   (13) Defined Contribution Plan
    
   The Company sponsors an employee retirement savings plan (the “Plan”) which qualifies as a deferred salary arrangement under Section 401(k) of the Internal Revenue Code. The Plan combines both an employee savings plan and company matching plan into one plan under Section 401(k), including a 401(k) Roth option. Employees become eligible to participate in the Plan at the beginning of the month following the employee’s hire date. Employees  may contribute up to 75% of their pay to the Plan, subject to the limitations of the Internal Revenue Service Code. 
    
   The Company made matching contributions in the aggregate amount as follows:

       Year Ended December 31,  
   2024    2023  
 Matching contributions  $1,234  $1,217 

   (14) Other Income
    
   The following table provides information about other income, net:

       Year Ended December 31,  
   2024    2023  
 Interest income  $1,818  $1,680 
 Refundable tax credit   550   684 
 Foreign currency gains (losses)   (27)  96 
 Other income (loss)   —   (8)
 Total other income, net  $2,341  $2,452 

   (15) Income Taxes
    
   The provision for income taxes reflects current taxes and deferred taxes. The effective tax rate for each of the years ended  December 31, 2024 and 2023 was 0%. The Company continues to provide for a valuation allowance to offset its net deferred tax assets until such time it is more likely than not the