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Income Taxes: (Tables)
12 Months Ended
Feb. 28, 2019
Income Taxes:  
Schedule of actual provision for income tax that differs from the amounts computed by applying the U.S. federal income tax rate to the pretax loss

 

 

 

 

 

 

 

 

 

    

2019

    

2018

Expected benefit

 

$

(343,921)

 

$

(338,541)

Effect of expenses deducted directly by Dr. Burzynski

 

 

343,921

 

 

338,541

Other adjustments

 

 

(16,579)

 

 

(60,630)

Change in valuation allowance

 

 

16,579

 

 

60,630

Income tax expense

 

$

 —

 

$

 —

 

Schedule of components of the Company's deferred income tax assets

 

 

 

 

 

 

 

 

 

    

2019

    

2018

Deferred tax assets:

 

 

 

 

 

 

Net operating loss carryforwards

 

$

155,548

 

$

138,969

Alternative minimum tax credit carryforwards

 

 

42,603

 

 

42,603

Total deferred tax assets

 

 

198,151

 

 

181,572

Less valuation allowance

 

 

(198,151)

 

 

(181,572)

Net deferred tax assets

 

$

 —

 

$

 —

 

Schedule of expiration of net operating loss carryforwards

The net operating loss carryforwards expire as of February 28 or 29 of the following years:

 

 

 

 

 

2022

    

$

29,250

2023

 

$

73,401

2024

 

$

69,394

2025

 

$

13,475

2026

 

$

46,972

2027

 

$

31,220

2028

 

$

7,737

2029

 

$

31,868

2030

 

$

 —

2031

 

$

 —

2032

 

$

 —

2033

 

$

207,097

2034

 

$

76,643

2035

 

$

 —

2036

 

$

 —

2037

 

$

74,699