The Company has adopted FASB 109 to account for income taxes. No provision for income taxes has been recorded in these financial statements based on the net operating loss carry-forward of $7,811,423as of June 30, 2018that will be offset against future taxable income. Due to the uncertainty as to the utilization of net operating loss carry-forwards, an evaluation allowance has been made to the extent of any tax benefit that net operating losses may generate. https://backend.otcmarkets.com/otcapi/company/financial-report/198472/content There's $8mil of debt! Call it some fancy name like net operating loss carry-forward to confuse the clueless but it "will be offset." If RSHN ever makes one cent of revenue... _______________________________________ Dr. Goulding acquired GRPS and RSHN because they were CLEAN shells with no debt, _____________________________________
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