HempAmericana (HempAmericana) Tax Expense : $ Mil (TTM As of Nov. 2014)

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What is HempAmericana Tax Expense?

HempAmericana's tax expense for the months ended in Nov. 2014 was $0.00 Mil.

HempAmericana Tax Expense Historical Data

The historical data trend for HempAmericana's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HempAmericana Tax Expense Chart

HempAmericana Annual Data

Trend

Tax Expense

HempAmericana Quarterly Data
	May14	Aug14	Nov14
Tax Expense	-	-	-

HempAmericana Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

HempAmericana (OTCPK:HMPQ) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

HempAmericana Tax Expense Related Terms

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HempAmericana (HempAmericana) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » HempAmericana Inc (OTCPK:HMPQ) » Definitions » Tax Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 Reade Street, 4th Floor, New York City, NY, USA, 10007

Website

https://hempamericana.com

HempAmericana Inc is a development stage company. The company is engaged in the research and development of hemp-based products such as cannabinol(CBD) isolate and oil through developing its hemp growing farms, hemp processing factories, and hemp-product distribution facilities.