Replies to post #357634 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

This happens every year.

Pretty sure this money is already reflected on the cash balance in the 10-K.

Does this mean more money next Q?
From SEC 10-K
NOTE 19. SUBSEQUENT EVENTS

Sale of New Jersey Net Operating Loss and Research and Development Tax Credit

In April 2021, Elite Laboratories Inc., a wholly owned subsidiary of Elite Pharmaceuticals Inc. received final approval from the New Jersey Economic Development Authority for the sale of net tax benefits of $798,889 relating to New Jersey net operating losses and net tax benefits of $58,490, relating to research and development tax credits. The Company sold the net tax benefits approved for sale at a transfer price equal to ninety three and one half cents for every benefit dollar and incurred transaction fees of $12,861, resulting in net proceeds to the Company of $788,789.