Lotus Pharmaceuticals Inc (LTUS)

[derf1]

Does anyone understand how the quarterly and annual reports indicate that no U S Taxes are owed because Lotus Pharmaceuticals had a loss last year and still has a large tax-loss carryforward. The audited financials show extensive profits and millions in retained earnings. What gives? Is the investor in LTUS buying shares in a U. S. company with losses and a Tax loss carryover or a Chinese company with millions of dollars in retained earnings. There is probably a simple explanation but it is really confusing.