CV Sciences Inc (CVSI)

[SpaceLady]

on "Income Tax Provision" I did a bit more study today and found this comment in AccountingScolar.com
The reason that companies use provision for the income tax expense is that when the company has loss for tax purposes, the income statement entry for income taxes may be a credit rather than debit.
I don't want to sound negative, but I was expecting a loss this year because of the Monas attrition. After the postponement, I reviewed the FY19 10Qs, as well as some of the PR and could not really account for $10M profit in Q4 to offset YTD losses. I believe that CVSI is reviewing tax credits they can apply in the future.