Replies to post #76123 on Rightsmile, Inc. (RIGH)

[Burn Notice88]

"Through our new subsidiary, we will be fully audited, Sarbanes-Oxley compliant, and fully reporting."
To achieve SOX-compliance, all discrepancy will be sorted by the auditor before listing...

http://web.tmxmoney.com/article.php?newsid=69808673&qm_symbol=RIGH:US

[Burn Notice88]

The Supposed Missing $1.36M ???

Webs Woven and spun out of control for no reason...

There is no loss SOMEWHERE of $1.36 MILLION in Q2

If you're invested in RIGH in any serious way, you should follow up on this with your own DD.

Definition of "Deferred Tax Asset":
http://www.investorwords.com/6478/deferred_tax_asset.html

Let's start at the beginning- the 2013 Annual report figures:

The 2013 Annual Report said RIGH's "Accumulated Deficit" was $2,283,291.53 as of 12/31/2013:

(Page 15)

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=120871


Then on RIGH - Quarterly Report the amount jumps to $3,643,576

(Page 11)

http://www.otcmarkets.com/financialReportViewer?symbol=RIGH&id=125532

Let's go back to that Definition of "Deferred Tax Asset":

"An asset that is used to reduce the amount of tax that a company will have to pay in a later tax period. It is often associated with a loss carryover, and is used as a future write-off if the next tax period is expected to produce positive earnings."

RIGH no longer carried over the "Deferred Tax Asset" forward onto its Q2 "RIGH - Quarterly Report." See the "Balance Sheet" of the "RIGH - Quarterly Report" and "RIGH - Supplemental Fins." The amount (entire line entry) of $1.37 million is omitted for tax purposes. Then must be carried as a net loss.

(Page 3)
http://www.otcmarkets.com/financialReportViewer?symbol=RIGH&id=120871

(Page 4)
http://www.otcmarkets.com/financialReportViewer?symbol=RIGH&id=125532

All it takes, is knowing how to read a "Balance Sheet." Taxes, my friends.