I also found the tax losses available to 2027 very interesting...that means we have quite a bit of time during which any profits made in CCWW will be tax free (until the tax losses are used up) - another bonus!
The Company has net operating loss carryforwards of approximately $1,800,000 available to offset taxable income through the year 2027.
The Company recorded a deferred income tax asset for the tax effect of net operating loss carryforwards and temporary differences, aggregating approximately $610,000. In recognition of the uncertainty regarding the ultimate amount of income tax benefits to be derived, the Company has recorded a valuation allowance of $610,000 at December 31, 2007.
NorthLion
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
