BioRestorative Therapies Inc (BRTX)

[stervc]

BRTXQ $16.9 Million Tax NOL Carry Forward

BRTXQ has $16.9 Million in Tax Net Operating Loss (NOL) Carry Forward per 10-K last filed with the SEC since the inception of the company:

https://www.otcmarkets.com/filing/html?id=13332402&guid=kEw6Uq1qM7PaY3h
At December 31, 2018 and 2017, the Company had approximately $16,900,000 and $8,400,000, respectively, of federal and state net operating losses that may be available to offset future taxable income. At December 31, 2018 approximately $8,400,000 of federal net operating losses will expire from 2029 to 2037 and approximately $8,500,000 have no expiration. In accordance with Section 382 of the Internal Revenue Code, the usage of the Company’s net operating loss carry forwards are subject to annual limitations due to several greater than 50% ownership changes. The Section 382 limitations result in approximately $28,200,000 of federal NOLs not being realizable as of December 31, 2018 and the cumulative reversal of approximately $9,600,000 of net operating loss deferred tax assets.

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Sterling