Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 137

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 137
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 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 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