Digital Turbine, Inc. Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

12 Months Ended

Mar. 31, 2015

The provision (benefit) for income taxes by taxing jurisdiction was as follows:

A reconciliation of income tax expense using the statutory U.S. income tax rate compared with the actual income tax provision follows:

	Year Ended			Year Ended
	March 31			March 31
	2015			2014
Statutory federal income taxes	$	(8,365	)	$	(6,017	)
State income taxes, net of federal benefit		17			(765	)
Write down of goodwill and other perm diff		2,171			895
Foreign expense		324			(136	)
Increase in valuation allowance		6,600			5,751
Income tax provision (benefit)	$	747		$	(272	)

Deferred tax assets and liabilities consist of the following:

	Year Ended			Year Ended
	March 31,			March 31,
	2015			2014
Deferred Income Tax Assets
Net operating loss carryforward	$	25,668		$	19,621
Stock-based compensation		1,270			15,360
Credit carryforwards		123			268
Other		1,324			425
Gross deferred income tax asset		28,385			35,674
Valuation Allowance		(21,920	)		(35,154	)
Net deferred income tax asset	$	6,465		$	520

Deferred Income Tax Liabilities
Depreciation and amortization	$	(751	)
Intangibles and goodwill		(5,069	)		(269	)
Other		(780	)		-
Gross deferred income tax liabilities		(6,600	)		(269	)
Net deferred income tax liabilities	$	(135	)	$	251

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2015, 2014 and 2013 is as follows:

	2015		2014		2013

Balance at April 1		61		61		61
Additions for tax position of prior years		844		-		-
Balance at March 31	$	905	$	61	$	61