Look at these numbers. Am I correct in my understanding that if they show a loss figure under retained earnings, that it can be applied against future positive income until it runs out?
They paid no income tax on the $1.3m they earned this quarter. Is that because of the retained earnings they are showing on their balance sheet?
Income Before Tax $1,325,618 $1,627,627 $1,001,942 $2,711,723 Income Tax Expense N/A N/A N/A N/A Equity Earnings Or Loss Unconsolidated Subsidiary N/A N/A N/A N/A Minority Interest N/A N/A N/A N/A Net Income From Continuing Operations $1,325,618 $1,627,627 $1,001,942 $2,711,723