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Income Taxes
 6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE F - INCOME TAXES

 

During the six months ended June 30, 2022, we generated a federal net operating loss (“NOL”) carryforward of $13.9 million and generated $1.9 million of foreign NOL carryforwards. As of June 30, 2022, we had consolidated income tax NOL carryforwards for federal tax purposes of approximately $222.8 million and net operating loss carryforwards for foreign income tax purposes of approximately $78.9 million. From 2025 through 2027, approximately $47 million of the NOL will expire, and from 2028 through 2037, approximately $128 million of the NOL will expire. The NOL generated in 2018 through 2022 of approximately $47.8 million will be carried forward indefinitely.