Question regarding the consolidated statement June 30, 2018.
Are there any significant tax credits available to the company as a going concern ?
Would they be transferable in the case of a buyout or merger ?
Total Amount ?
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reference
Consolidated Financial Statements June 30, 2018
pg 29
The significant components of the Company’s deferred tax assets that have not been included on the consolidated statement of financial position are as for:
Income Taxes 1,449,000
Plant and equipment 2,000
Share issue costs 340,000
Allowable capital losses 273,000
Non-capital losses available for future period 3,530,000
The significant components of the Company’s temporary differences, unused tax credits and included on the consolidated statement of financial position are as follows:
Exploration and evaluation and development 5,374,000
Property and equipment 8,000
Share issue costs 1,258,000
Allowable capital losses 1,010,000
Non-capital losses available for future periods 13,075,000