Ideal Power Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		For the Year Ended December 31,
		2024				2023
Current deferred income tax assets:
Accrued compensation and other		$	8,000			$	31,000
Less: valuation allowance			(8,000	)			(31,000	)
		$	—			$	—
Non-current deferred income tax assets and (liabilities):
Net operating loss		$	16,049,000			$	14,686,000
Research and development credit			18,000				18,000
Research and experimental costs			2,018,000				1,207,000
Warrants issued for services			—				45,000
Depreciation and amortization			6,000				227,000
Exercise of options and warrants			(49,000	)			(36,000	)
Stock based compensation			1,968,000				1,718,000
Intangibles and other			(561,000	)			(787,000	)
Less: valuation allowance			(19,449,000	)			(17,078,000	)
Net non-current deferred tax assets		$	—			$	—

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		For the Year Ended
		December 31,
		2024				2023
Statutory federal income tax rate			(21	)%			(21	)%
Other			(2	)			—
Valuation allowance			23				21
			—	%			—	%