Are any of you familiar with analyzing the Income Tax section (Note 10) of the Annual Report? Heely's shows $2,655 of net long-term deferred tax assets with a valuation allowance of $2,531 for a net-net asset of $124. Does this mean management believes it is more likely than not that they will never make money?
Ok...so no help on this topic. As a side note...I presume that if Heely's was purchased by a profitable company, the new company could use those deferred tax assets. This would only be worth 9-10 cents per share but provides another area that adds value to a potential acquirer.