Seligram Case Study Solution

TheCompany has assessed its capability to observe its deferred tax assets as of December 31, 2017 and 2016. Despite case study solution Company recordingnet income in both case study answer years ended December 31, 2017 and 2016, in response to a history of losses and uncertainties surrounding theCompanys potential to generate future taxable income to become aware of these deferred tax assets, case study solution Company has determined itis much more likely than not that case study solution net deferred tax assets are not fully realizable as of December 31, 2017 or 2016, and thereforea full valuation allowance has been recorded. The valuation allowance reduced by approximately $1,020,000 and about$60,000 during case study answer years ended December 31, 2017 and 2016, respectively. The total valuation allowance was $1,670,000 and $2,690,000at December 31, 2017 and 2016, respectively. Thetotal number of shares case study answer Company has case study solution authority to issue is 30,500,175, together with 20,000,000 shares of common stock,$0. 0001 par value per share, and 10,500,175 shares of favored stock, $0.