Posted On: 04/21/2016 12:19:32 PM
Post# of 22940
Re: Lil_Wise_Guy #6538
$TPAC Good point. It would be very nice to see a clean balance sheet, with strong revs (and net profit percentage), and a big names(Boeing, etc) as clients. Not too shabby at all.
***Let me amend that a bit. I just did a search for the total deficit amount, just after posting this.
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TPAC Bearings
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The $20 million is a deficit not debt. It will go against future profits to offset income tax. So it's not a bad thing and SOP for a startup
https://twitter.com/tpacbearings/status/686629539284254720
If my understanding is correct, that would leave us 17.5M in net revs, untaxed, with 2.5M in future revs, untaxed as well.
***Let me amend that a bit. I just did a search for the total deficit amount, just after posting this.
Follow
TPAC Bearings
@TPACbearings
The $20 million is a deficit not debt. It will go against future profits to offset income tax. So it's not a bad thing and SOP for a startup
https://twitter.com/tpacbearings/status/686629539284254720
If my understanding is correct, that would leave us 17.5M in net revs, untaxed, with 2.5M in future revs, untaxed as well.
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