Sentences with phrase «accumulating losses of revenue»

All told, illegal logging has devastated public forests around the globe, reducing incentives for locals to invest in sustainable forestry and accumulating losses of revenue to governments of some $ 15 billion annually.

Not exact matches

During Channel's start - up phase, the company accumulated enough net - operating - loss carry - forwards to deduct against three years» worth of revenues.

But now, after blowing through more than $ 70 - million in investor capital and accumulating $ 72 - million in losses, while failing to reach $ 30 - million in annual revenues, Shop.ca is in bankruptcy court, trying to sell its assets for a fraction of what the company raised.

Section 382 of the Internal Revenue Code, the section that sets out the rules relating to the limitations on the use of NOLs when a change in control of the loss company occurs, was designed specifically to keep profitable companies from buying unprofitable companies simply to harvest their accumulated losses.

The Company is in the process of evaluating the terms of the transaction, but believe that if the transaction had been completed at the beginning of the 2008 fiscal year, the cash received would have been recorded as revenue and would have increased the amount of financial assets and decreased each of the net loss and the accumulated deficit reported at September 30, 2008 by $ 7.0 million.