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To: David Lawrence who wrote (4657)11/12/1998 5:20:00 PM
From: Elroy  Read Replies (2) | Respond to of 9236
 
Can anyone explain this line from the 10Q....

Of
the total net operating loss carryforwards, approximately $1,906,000 are attributable to the exercise of stock options, and the
tax benefit from these losses, when utilized, will be credited to additional paid-in capital.

How can the exercise of stock options cause an operating loss carryforward?

Elroy