Sep. 10 at 1:16 PM
$IMPM "At December 31, 2024, the Company had estimated federal and state net operating loss carryforwards of approximately
$886.1 million and
$732.6 million, respectively. Of the Federal net operating loss carryforwards,
$557.6 million were generated prior to 2018 and are subject to a 20-year carryforward limitation, whereas
$328.5 million were generated post 2017 and can be carried forward indefinitely. Additionally, the Company had state net operating losses subject to a carryforward limitation of
$721.5 million, which are primarily for California. The remaining
$11.0 million of state NOL’s can be carried forward indefinitely."
