• Filing Date: 2016-07-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.5.0.2
Deferred Tax Assets and Income Tax Provision
3 Months Ended
May 31, 2016
Notes to Financial Statements  
Note 7. Deferred Tax Assets and Income Tax Provision

Based on the Company's evaluation at May 31, 2016, management has concluded that there has been no change to the recorded tax positions requiring adjustments to deferred tax assets and related valuation allowance. For the three months ended May 31, 2016, the Company recorded additional valuation allowances on deferred tax assets relating to current year losses and temporary differences.