Rightsmile, Inc. (RIGH)

[my2Mustangs]

ROTFL-In order to have a "deferred tax asset" there had to be a loss as your link clearly says, "loss carryover."

Definition

An asset that is used to reduce the amount of tax that a company will have to pay in a later tax period. It is often associated with a loss carryover, and is used as a future write-off if the next tax period is expected to produce positive earnings. The asset is kept on the balance sheet. For example, a deferred tax asset of $100,000 from the previous year could be applied to before-tax income of $250,000 this year, resulting in taxable income of $150,000 ($250,000 - $100,000).


Read more: www.investorwords.com/6478/deferred_tax_asset.html#ixzz3BtmTW89t

A "loss" is still a "loss" in order to have a corresponding "deferred tax asset." Even when claiming "revenue" of $161K when they spent $198K to make the claimed "revenue."

It's still a loss.