INCOME TAXES |
9 Months Ended |
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Sep. 30, 2024 | |
| INCOME TAXES | |
| INCOME TAXES |
11. INCOME TAXES
A tax provision of $403 was recorded for the three and nine months ended September 30, 2024 reflecting taxes due with the filing of the 2023 tax return. The Company realized taxable income on the 2023 tax return due to the taxable gain on the sale of the Lowell brands. Tax regulations allow only 80% of taxable income to be offset by net operating loss carryforwards. There was no provision for income tax expense for the three and nine months ended September 30, 2023 due to operating losses incurred in both periods. |
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- References No definition available.
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- Definition The entire disclosure for income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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