Next 1/4 when we have a profit we have some free money.....
The deferred tax asset was calculated as follows:
|
|
Net Operating
Loss Carryforward
|
|
|
Tax
Rate
|
|
|
Deferred
Tax Asset
|
|
Federal
|
|
$
|
11,995,697
|
|
|
|
35%
|
|
|
$
|
4,198,494
|
|
California
|
|
|
7,810,697
|
|
|
|
5.746%
|
|
|
|
448,802
|
|
|
|
$
|
19,806,394
|
|
|
|
|
|
|
$
|
4,647,296
|
|
A positive