Nexoptic Technology Corp V.NXO

Alternate Symbol(s): NXOPF

Technology Information Technology Services

NexOptic Technology Corp. is a Canada-based technology company. The Company is engaged in developing artificial intelligence (AI) and imaging products, which enhance how images are either captured, processed, experienced, transferred and/or stored. It is developing technologies relating to imagery and light concentration for lens and image capture systems. The Company's primary focus is its patented and patent pending AI for imaging called All Light Intelligent Imaging Solutions (Aliis). Aliis can reduce storage and streaming requirements needed for videos and images while also improving image quality in all types of environmental conditions. Aliis delivers by learning a camera profile and optimally enhancing, pixel by pixel, its quality and its resolution in a fraction of a second, using edge processing. Its NexCompress, a video compression enhancement solution, offers bandwidth and storage savings for video storage and streaming applications.

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Nexoptic Technology Corp > NXO Flat Lens IP & The Daugelas

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Comment by ChGuessbetuck11on Jun 05, 2021 1:28am

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RE:RE:RE:RE:RE:RE:RE:NXO Flat Lens IP & The Daugelas

Agreed Barstool. I'm not an accountant but I have been in operations on a large scale. My estimate is the CRA classifies this as a type 14 asset.

BarstoolSage wrote: Not sure DarnDude

I agree taxation is an entirely different beast and an example of the fluidity of the definition of value

I think what happens for accounting purposes and taxation purposes if often different and differences are dealt with accounting purposes via the deferred tax account the NDP always loved to attack.

CRA doesn't care about assets on your books because keeps forces you to keep track of them in categories with stipulated write off rates

If the flat lens tech is not sold, I think it simply continues to be written off

Our flat lens tech was acquired and set up, and likely remains on the tax book even if written down for accounting purposes

Damn1212 wrote: Sorry barstool

The Rules as defined by CRA for valuations are Clear.

Current market Value.

IE - what would the tech fetch if sold today on the market.

The Valuations of Assets are not open to interpretations as you have described. If that were the case Companies would write down buildings and assets in order to avoid paying taxes.