DD Support Board and Research Team

[Churak]

Don't confuse accounting income with taxable income. They are two separate items. You would need to see their reconciliation of book income (loss) to taxable income (loss) which is on their tax return. You start with income (loss) per financial statements and then end up with the taxable income (loss) figure. At least that is how it works in Canada.

The important number to find out is what they have available as tax loss carry forwards @ the quarter end and the expiration of those.