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Current Water Technologies Inc V.WATR

Alternate Symbol(s):  ENPRF

Current Water Technologies Inc. is a Canada-based technology company. The Company is engaged in electro-static deionization (ESD) and the treatment of total ammonia (AmmEL) using electrochemical technologies. The Company is engaged in applying its patented and proprietary electrochemical technologies to the treatment of wastewater, desalination water and drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. Its patented ESD (deionization) and its patented AmmEL (ammonia removal) technologies represent alternatives to biological, ion exchange, and reverse osmosis systems. The Company’s subsidiary, Pumptronics Incorporated, operates as a division of the Company and functions as an integrated pump station manufacturer specializing in custom design and automation.


TSXV:WATR - Post by User

Comment by laurencelefouon Feb 25, 2023 2:32pm
62 Views
Post# 35305300

RE:RE:RE:RE:RE:RE:RE:Financial Institution

RE:RE:RE:RE:RE:RE:RE:Financial Institution
I agrre.

Current Water could use the US$1,000,000 to pay bills, increases salaries, hire more employees, purchase equipment, inventory or divert funds toward research and development, etc.
 
I agree that the US$1,000,000 is taxable if for that year, Current Water is profitable, but it is also possible that Current Water has deferred tax losses that could be applied towards future profitable years.  In the financial statements, there are no indication of deferred taxes losses, but Current Water has lost money four of the past five fiscal years, so it is quite possible that Current Water has deferred tax losses but as not reported it.

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