NOL, from ANCR's 10-k (I'm not sure what this means, but maybe you do?)
At December 31, 1999, the Company has net operating loss, research and development credit,
and investment tax credit carryforwards (under existing federal tax laws) as follows:
Carryforward Net Tax
Expiration Operating Loss Credits
--------------------- -------------------- --------------------
2000 $ 900,000 $ -
2006 1,100,000 82,000
2007 3,100,000 117,000
2008 2,100,000 126,000
2009 3,000,000 138,000
2010 3,400,000 82,000
2011 5,200,000 104,000
2012 7,400,000 278,000
2018 11,400,000 224,000
2019 31,900,000 150,000
-------------------- --------------------
$ 69,500,000 $ 1,301,000
==================== ====================
Federal tax laws impose significant restrictions on the utilization of net
operating loss carryforwards in the event of a change in ownership of the
Company which constitutes an "ownership change," as defined by the Internal
Revenue Code, Section 382.
Because of the changes in ownership that have
occurred in connection with the company's initial public offering (IPO) in 1994, as well as
the sales of securities that have occurred subsequent to the IPO, the Company's
future use of its net operating loss and tax credit carryforwards are subject to
certain annual limitations. |
