General form of registration statement for all companies including face-amount certificate companies

Income Taxes (Tables)

v3.22.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Taxes  
Schedule Of Provision For Income Taxes

 

 

Years Ended December 31,

 

(in thousands)

 

2021

 

 

2020

 

U.S. Federal statutory income tax rate

 

$ (1,659 )

 

$ -

 

Permanent and other differences

 

 

38

 

 

 

-

 

Stock-based compensation expense

 

 

110

 

 

 

-

 

Research and development credits

 

 

(118 )

 

 

-

 

Valuation allowance

 

 

1,629

 

 

 

-

 

Total tax provision

 

-

 

 

 

-

 

Schedule Of Net Deferred Tax Assets

 

 

As of December 31,

 

(in thousands)

 

2021

 

 

2020

 

Net operating loss carryforwards

 

$ 1,049

 

 

$ -

 

Research and development carryforwards

 

 

118

 

 

 

-

 

Stock-based compensation expense

 

 

274

 

 

 

-

 

Intangible assets

 

 

110

 

 

 

-

 

Other, net

 

 

78

 

 

 

-

 

Total deferred tax assets

 

 

1,629

 

 

 

-

 

Less: valuation allowance

 

 

(1,629 )

 

 

-

 

Deferred tax assets

 

$ -

 

 

$ -

 

Schedule Of Unrecognized Tax Benefits

 

 

Years Ended December 31,

 

(in thousands)

 

2021

 

 

2020

 

Beginning balance of unrecognized tax benefits

 

$ -

 

 

$ -

 

 Additions based on tax positions related to the current year

 

 

41

 

 

 

-

 

 Additions for tax positions of prior years

 

 

-

 

 

 

-

 

 Reductions for tax positions in prior years

 

 

-

 

 

 

-

 

Ending balance of unrecognized tax benefits

 

$ 41

 

 

$ -