EcoloCap Solutions Inc. (fka ECOS)

[deal guy]

The loss reported by the company is an accumulation of its life to date book losses. That is because SEC rules require financials to be reported under US GAAP

US GAAP requires companies to report book income or loss when they enter into an agreement which is derivative in nature. The convertible debt, the LRS warrants in Ecos and the LRS right to increase its equity in bio art are all derivative instruments or agreements.

In 2016 ecos reported derivative losses on these instruments. One of the reasons they restated the 2016 financials was to reflect these derivative losses. This increased their loss carryforward

In q2 2017 they reported a derivative gain of in excess of $7m which reduces the loss carryforward

Under SEC reporting rules they only need to update their tax loss carryforward annually in their 10k. Their is no requirement to provdie a tax footnote in a quarterly report. There is a requirement to provIde textual update if there is a material change in the tax position of a registrant. Very few small filers actually provaide a textual update

Anything else.