R&D Credit Case Study

Strike delivers $480k to a Graphite Manufacturing firm

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Overview

A nanotechnology company gained $300K+ in tax credits. Using a patented process, they isolate and purify materials in the manufacture of lithium batteries, and their efforts towards improving processes and analyzing the end product made them eligible.
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Total R&D Credits Received:
$480,000
Inquire yearly details
Federal Credits Received:
$251,000
State Credits Received:
N/A
$229,000

Company Profile

Years in Business
7
State of Operation
AZ
Avg. Annual Revenue
$
N/A
Tax Year
2019-2020
Avg. Employee Count
25
Industry
Manufacturing

Qualifying Activities

Developing Proprietary Tech
Integration With Artificial Intelligence
Quality Assurance
Programming Source Code

Qualification Outcome

60%
N/A
of wages paid or incurred was qualified
75%
N/A
of expenses paid or incurred was qualified
20
average number of qualified employee

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