Verus International Inc (VRUS)

[Renegades17]

Net Operating losses

There are roughly $10mm in NOLs that can be used to shelter income from taxation. Unfortunately, ~40% of those are in Canada, so I'm not sure how they'll be able to use those.

The NOLs won't have much value until Verus decides to repatriate earnings. Fortunately, the average corporate tax rate in the GCC countries is much lower than the US (it's zero in the UAE), so the bulk of pretax income will flow through to the bottom line.