Anoteros Inc. (fka ANOS)

[HDOGTX]

24mil is NOL's sir, that is a big positive...... pretty sure your aware of what NOL's are and used for...... $ANOS



ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In the Company’s opinion, it is uncertain whether they will generate sufficient taxable income in the future to fully utilize the net deferred tax asset. Accordingly, a full valuation allowance equal to the deferred tax asset has been recorded. The total deferred tax asset is calculated by multiplying a 39 % marginal tax rate by the cumulative Net Operating Loss (“NOL”) of $9,094,802 . The total valuation allowance is equal to the total deferred tax asset.

The tax effects of significant items comprising the Company's net deferred taxes as of December 31, 2012 and 2011 were as follows:

2012

2011

Cumulative NOL
$ 9,094,802 $ 8,569,110

Deferred Tax assets:

(34% Federal, 5% CA)

Net operating loss carry forwards
8,723,686 8,478,844
Stock-based compensation
(5,886,134 ) (5,842,607 )
Loss on extinguishment of debt
709,421 705,716
Valuation allowance
(3,546,973 ) (3,341,953 )
$ - $ -