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Tuesday, May 01, 2012 11:34:47 AM
MWWC has $9.2M Net Operating Loss's that can be used as Tax Loss CarryForwards in the future.
As of September 30, 2011, the Company had approximately $9,245,000 of federal and state net operating losses (“NOL”) available for income tax purposes that may be carried forward to offset future taxable income, if any. The federal carryforwards expire beginning in 2025.
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10-K 1/18/12:
http://ih.advfn.com/p.php?pid=nmona&article=50798829
In plain English once MWWC starts turning a profit they will not have to pay any Taxes on the first $9,245,000 in Earnings. I am not an accountant but depending on their tax rate the NOL's should have a cash value of about:
$9,245,000 X .36 = $3,328,200 for MWWC
MWWC
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