Lowell Farms Inc. Post-effective amendment to a registration statement that is not immediately effective upon filing

Post-effective amendment to a registration statement that is not immediately effective upon filing

INCOME TAXES (Tables)

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

INCOME TAXES

Schedule of Provision for Income Tax Expense

		Years Ended
(in thousands)		2021				2020				2019
Current
Federal		$	-			$	-			$	-
State			213				224				205
Total Current			213				224				205

Deferred tax expense (benefit)
Federal			(1,528	)			(1,943	)			(2,406	)
State			(13,339	)			(10,372	)			(7,329	)
Total deferred tax benefit			(14,867	)			(12,315	)			(9,735	)

Valuation allowance			14,867				12,315				9,735

Income tax expense		$	213			$	224			$	205

Schedule of Deferred Tax Assets and Liabilities

		Years Ended
(in thousands)		2021				2020				2019
Deferred tax assets
Net operating loss carryforwards		$	17,069			$	13,192			$	10,836
Accruals and reserves			-				-				-
Depreciation			-				-				-
Other			-				-				-
Valuation allowance			(17,069	)			(13,192	)			(10,836	)
Total deferred tax assets			-				-				-

Accruals and reserves			-				-				-
Share-based compensation			-				-				-
Total deferred tax liabilities			-				-				-

Net deferred tax liabilities		$	-			$	-			$	-