Post by
lifeisgood1010 on Nov 21, 2023 12:24pm
No income tax to be paid until 2031
This will be my final comment for the year on Akita
The company as a net defered tax asset that is not on their balance sheet(See below).
This tax asset loss is shielding the company from paying tax until 2031.
This is just another +to the cash flow in the years to come.
I am amazed that actual Akita shareholers are willing to sell at these prices.
For the few readers of this post, i am wishing you
a nice holiday season
A net deferred tax asset has not been recognized for $76 million (2021 – $69 million). This amount is primarily related to non-capital losses carried forward. Total gross tax losses available to the Company are $434,694,000 with $398,191,000 in the US and $36,503,000 in Canada. The first of these losses will begin to expire in 2031.