SPZN
Reuters - As Of Dec 31, 2008
A/S 20M
O/S 3,255,428
Insiders Own 25%
Last Price .019
NOL's
Note 5. Taxes on Income
For the six months ended December 27, 2003, the Company has not recorded any income tax benefit as a result of management’s assessment that the Company may not be able to realize certain tax benefits from net operating loss carryforwards. At December 27, 2003, the Company had outstanding federal and state net operating loss carryforwards (“NOLs”) of approximately $4.8 million and $12.2 million, respectively. These carryforwards expire at various dates through 2023. During the six months ended December 27, 2003, the Company has increased its valuation allowance from $200,000 to $1,340,000 related to operating loss carryforwards, since it is not likely that all of the loss carryforwards will be realized prior to their expiration.
"Your Vegas Is Showing"
I've been to Hollywood
I've been to Redwood
I crossed the ocean
for a heart of gold
I've been in my mind,
it's such a fine line
Later, The Team.
