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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5
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To: SGJ who wrote (37799)7/29/2005 12:55:38 PM
From: Max Fletcher  Read Replies (2) of 120406
 
Qman ? EZEN has tax-loss carryforwards as far as the eye can see. No taxes were paid in Q1. Were you referring to another company? Or referring to the 1-time charge for getting out of their lease?

Income Taxes At December 31, 2004, the Company has available net operating loss carryforwards of approximately $53 million expiring at various dates through 2024, federal research and development credit carryforwards of approximately $2.3 million and state and research and development credit carryforwards of approximately $921 thousand. With these available carryforwards, the Company does not believe a provision for income taxes is required as of March 31, 2005.
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