OTCPK:APHWF - Post by User
Comment by
profitprophet1on Mar 16, 2021 8:52am
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Post# 32806161
RE:Covid-19
RE:Covid-19 Taxation
The Company utilized $82.5 million of non-capital tax losses to avoid being taxable in 2020 and thus has not recognized any current tax expense in its audited consolidated financial statements for the three months and year ended December 31, 2020. Remaining non-capital losses of $3.8 million expire in 2039. Capital losses of $299.4 million have no expiry.
I am unsure what you meant in your post by saying revenues for the last 3 quarters have declined. That is far from accurate as they have been up nearly double. Perhaps you could clarify? In any case there are lots more tax loss carryovers to use for the next few years on capital losses and much less on non-capital losses. Gita it should be an interesting day.