Universal Stainless & Alloy Products Inc / "Research and Development" | Tables in SEC filings

USAP Universal Stainless & Alloy Products Inc

Annual report

The income tax benefit reconciled to taxes computed at the statutory federal rate is as follows:

For the years ended December 31,	2023		2022		2021
Tax at statutory tax rate	$	1,113	$	(2,246)	$	(848)
State income taxes, net of federal tax benefit		(90)		(53)		(153)
Research and development tax credit		(869)		(557)		(814)
Valuation allowance		-		(19)		-
PPP loan forgiveness		-		-		(2,100)
Deferred tax adjustment for stock option forfeitures		-		-		371
Other adjustments to deferred taxes		315		213		230
Other		(71)		38		31
Provision (benefit) for income taxes	$	398	$	(2,624)	$	(3,283)

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