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Income Taxes
 3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 7 - INCOME TAXES

 

During the three months ended March 31, 2023, we generated a federal net operating loss (“NOL”) carryforward of $4.7 million and generated $2.4 million of foreign NOL carryforwards. As of March 31, 2023, we had consolidated income tax NOL carryforwards for federal tax purposes of approximately $234.6 million and net operating loss carryforwards for foreign income tax purposes of approximately $86 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 2023 of approximately $55 million will be carried forward indefinitely.