Sino-Global Shipping America (SINO)

[value1008]

MaineMan5, this is from Note 13 of the mid-May 10-Q, boldfacing is mine. As one can see, there's a lot more NOLs to be used, i figure roughly about $2.4M of U.S. tax benefits, maybe another 5-8 quarters' worth, depending on how fast they grow the U.S. revenues:

The Company’s operations in the U.S. have incurred a cumulative net operating loss of approximately $6,787,000 and $8,378,000, respectively, as of March 31, 2017 and June 30, 2016, which may reduce future taxable income. During the three months ended March 31, 2017, the amount of utilization of Federal Net Operating Losses (“NOL”) was $650,000 and the tax benefit derived from such NOL was $292,000; in the corresponding period for the three months ended March 31, 2016, the utilization of NOL was nil and no tax was benefit derived from NOL. During the nine months ended March 31, 2017, the amount of utilization of NOL was $1,591,000 and the tax benefit derived from such NOL was $712,000; in the corresponding period for the nine months ended March 31, 2016, the utilization of NOL was nil and no tax benefit was derived from NOL. This carry-forward will expire if not utilized by 2036.