Dror Ortho Design Inc (DROR)

[OMOLIVES]

So if anyone wondered why I was searching(doubt that you did)....it is because of this:

The Company files corporate income tax returns in the United States (Federal), in New Mexico and in New York. The Company is subject to federal, state and local income tax examinations by tax authorities for the tax years 2015 through 2018.

I have no idea why they still state New Mexico with regards to income taxes(state). They, of course, list New York which is a given post 2013...but why still New Mexico? The only reason I can think of is because of the net loss carry forward. But they have not been incorporated in new Mexico for some time. Or is there still something going on(hidden)...or other? Note it shows through 2018....even in the last quarterly...which would entail the 2 year audit process. Has this change since 2018? ...doubt it..

16-310, Subtractions--Net Operating Loss

While federal net operating loss (NOL) carryforward deductions are added back for New Mexico personal income tax purposes , a New Mexico NOL carryover deduction is allowed. The deduction is equal to the amount of excess loss from the NOL year that is deductible from the taxpayer's federal taxable income in a carry-over year. ( NM Stat Ann Sec 7-2-2(N)(8), (O), (P) (1978) ) In addition, New Mexico NOLs can be increased by the income, if any, from U.S. government obligations, less related expenses.

???? This has bugged me since the first Form 10....and so it goes.