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To: SGJ who wrote (37799)	7/29/2005 12:55:38 PM
From: Max Fletcher	Read Replies (2) \| Respond to 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.