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Income Taxes
 9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 7 – INCOME TAXES

 

During the nine months ended September 30, 2024, we generated a federal taxable income of $0.9 million and generated $7.8 million of foreign net operating loss (“NOL”) carryforwards. As of September 30, 2024, we had consolidated income tax NOL carryforwards for federal tax purposes of approximately $211.6 million and net operating loss carryforwards for foreign income tax purposes of approximately $53.9 million. From 2025 through 2027, approximately $29.2 million of the NOL will expire, and from 2028 through 2037, approximately $128.0 million of the NOL will expire. The NOL generated in 2018 through 2023 of approximately $54.3 million will be carried forward indefinitely.