Radient Pharmaceuticals Corporation fka RXPC

[guardiangel]

Gold you said

"Business property taxes are based on inventory and property."

Not according to the Orange County Assessor.. Here is the Government link..It clearly states that inventory is NOT TAXED..items held for sale..You stated in 2012 and 2013 and 2014 that SRL India. was given the last of the kits to sell in India...

http://ocgov.com/gov/assessor/personalproperty/business

What Is Business Personal Property?

Tangible property owned, claimed, possessed or controlled in the conduct of a profession, trade or business may be subject to property taxes.

In general, Business Personal Property is all property owned or leased by a business except:

Real Property (land, buildings and other improvements), and
Business Inventory (items held for sale)





Gold Seeker Saturday, 12/27/14 02:00:52 AM
Re: Gold Seeker post# 27024
Post # of 27031
Business property taxes are based on inventory and property.

Current assets:

Inventories 89,787
Property and equipment, net 65,685

Clearly, taxes were due for 2012 and unpaid.