“leveraging Generex’s legacy assets which have

“leveraging Generex’s legacy assets which have applied over $400 million dollars in developmental activities over the years, providing Generex with net operating loss (“NOL”) carryforwards from both United States and Canadian sources. Generex has NOL carryforwards totaling $241.5 million in the United States expiring in 2019 through 2038; and $35.6 in Canada expiring in 2024 through 2039. On December 1, 2018, the loss carryforwards accumulated from sources in the United States are subject to an annual limitation of approximately $36.9 million annually on a go forewarned basis. Under the Tax Cuts and Jobs Acts (the “Act”), additional NOL carryovers of approximately $4.6 million can be utilized entirely subject to the 80 percent of a taxpayer’s pre-NOL deduction taxable income.“

I think that’s all very positive and important. Especially as Generex begins to grow revenue these tax write offs are huge.