It is neglected that WDDD has fiscal assets of 45 million, and that it has closed 2023 with profits, and that it has not issued new shares for years, so the majority are in the hands of large shareholders...
WDDD is prepared for a merger with a company in the gaming sector or related to cryptocurrencies that wants to clear $45 million, this is a mine... the question is if it is time, or do we still have a few months of accumulation left?
My goal is more than $4, I think it could even reach $3 if the merging company is interested in listing on the NASDAQ.
At December 31, 2023, the Company had federal and state net operating loss carry forwards of approximately $45,000,000 that expire in various years through the year 2042.
Due to net operating loss carry forwards and operating losses, there is no provision for current federal or state income taxes for the years ended December 31, 2023 and 2022.
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for federal and state income tax purposes.
The Company’s deferred tax asset at December 31, 2023 consists of net operating loss carry forwards calculated using federal and state effective tax rates equating to approximately $17,235,609 less a valuation allowance in the amount of approximately $17,235,609. Because of the Company’s lack of earnings history, the deferred tax asset has been fully offset by a valuation allowance. The valuation allowance increased by approximately $198,580 for the year ended December 31, 2022. The Company had net income in 2023.
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