8 results
10-K
2021 FY
DPDW
Deep Down, Inc.
28 Mar 22
Annual report
9:04pm
Income tax expense (benefit) differs from the amount computed by applying the U.S. statutory income tax rate to loss before income taxes for the reasons set forth below.
| Reconciliation of effective income tax rate | ||||||||
| Year Ended December 31, | ||||||||
| 2021 | 2020 | |||||||
| Income tax expense (benefit) at federal statutory rate | 21.00 | % | (21.00 | )% | ||||
| State tax (benefit) expense, net of federal benefit | (0.16 | )% | 0.01 | % | ||||
| Valuation allowance | (0.38 | )% | 20.76 | % | ||||
| Research and development credits | 0.48 | % | 0.21 | % | ||||
| Other permanent differences | 0.25 | % | 0.24 | % | ||||
| PPP loan forgiveness | (19.13 | )% | 0.00 | % | ||||
| Foreign withholding taxes | 2.97 | % | 0.00 | % | ||||
| Other, net | (0.45 | )% | 0.00 | % | ||||
| Total effective rate | 4.58 | % | 0.21 | % | ||||
10-K
2020 FY
DPDW
Deep Down, Inc.
29 Mar 21
Annual report
8:00pm
Income tax expense (benefit) differs from the amount computed by applying the U.S. statutory income tax rate to loss before income taxes for the reasons set forth below.
| Year Ended December 31, | ||||
| 2020 | 2019 | |||
| Income tax benefit at federal statutory rate | (21.00)% | (21.00)% | ||
| State taxes, net of federal benefit | 0.01 % | (0.50)% | ||
| Valuation allowance | 20.76 % | 19.98 % | ||
| Research and development credits | 0.21 % | 0.79 % | ||
| Other permanent differences | 0.24 % | 0.44 % | ||
| Total effective rate | 0.21 % | (0.29)% | ||
10-K
2019 FY
DPDW
Deep Down, Inc.
30 Mar 20
Annual report
5:01pm
Income tax (benefit) expense differs from the amount computed by applying the U.S. statutory income tax rate to loss before income taxes for the reasons set forth below.
| Year Ended December 31, | ||||||||
| 2019 | 2018 | |||||||
| Income tax benefit at federal statutory rate | (21.00 | )% | (21.00 | )% | ||||
| State taxes, net of federal benefit | (0.50 | )% | 0.10 | % | ||||
| Valuation allowance | 19.98 | % | 25.08 | % | ||||
| Research and development credits | 0.79 | % | (3.87 | )% | ||||
| Other permanent differences | 0.44 | % | 0.31 | % | ||||
| Other, net | 0.00 | % | (0.42 | )% | ||||
| Total effective rate | (0.29 | )% | 0.20 | % | ||||
10-K
2018 FY
DPDW
Deep Down, Inc.
15 Apr 19
Annual report
9:33pm
Income taxes expense differs from the amount computed by applying the U.S. statutory income tax rate to loss before income taxes for the reasons set forth below.
| Year Ended December 31, | ||||||||
| 2018 | 2017 | |||||||
| Income tax expense at federal statutory rate | 21.00 | % | 34.00 | % | ||||
| State taxes, net of federal benefit | (0.10 | ) % | 2.52 | % | ||||
| Valuation allowance | (25.08 | ) % | 1,662.43 | % | ||||
| Remeasurement of deferred taxes from 34% to 21% | 0.00 | % | (1,710.52 | ) % | ||||
| Research and development credits | 3.87 | % | 2.21 | % | ||||
| Other permanent differences | (0.31 | ) % | (15.63 | ) % | ||||
| Other, net | 0.42 | % | 20.84 | % | ||||
| Total effective rate | (0.20 | ) % | (4.15 | ) % | ||||
10-K
2017 FY
DPDW
Deep Down, Inc.
27 Mar 18
Annual report
8:00pm
The provision for income taxes differs from the amount computed by applying the U.S. statutory income tax rate to income (loss) before taxes for the reasons set forth below
| Year Ended December 31, | ||||||||
| 2017 | 2016 | |||||||
| Income tax benefit (expense) at federal statutory rate | 34.00% | (34.00)% | ||||||
| State taxes, net of federal expense | 2.52% | (6.36)% | ||||||
| Valuation allowance | 1662.43% | 29.12% | ||||||
| Remeasurment of deferred taxes from 34% to 21% | (1,710.52)% | 0.00% | ||||||
| Research and development (“R&D”) credits | 2.21% | 6.01% | ||||||
| Other permanent differences | (15.63)% | (4.88)% | ||||||
| Other, net | 20.84% | (0.76)% | ||||||
| Total effective rate | (4.15)% | (10.87)% | ||||||
10-K
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30 Mar 17
Annual report
8:00pm
10-K
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28 Mar 16
Annual report
8:00pm
10-K
86r o18wd
30 Mar 15
Annual report
8:00pm
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