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Income Taxes
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 7 – INCOME TAXES

 

During the three months ended March 31, 2025, we generated a federal net operating losses (“NOL”) of $0.1 million and generated $2.8 million of foreign NOL carryforwards. As of March 31, 2025, we had consolidated income tax NOL carryforwards for federal tax purposes of approximately $199.6 million and net operating loss carryforwards for foreign income tax purposes of approximately $29.4 million. From 2026 through 2027, approximately $27.2 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 2024 of approximately $44.2 million will be carried forward indefinitely.