IAGX (Imagenetix) Tax Expense: $0.01 Mil (TTM As of Jun. 2015)

What is Imagenetix Tax Expense?

Imagenetix IAGX -99.00% Tax Expense is $0.01 Mil as of Jun. 2015.

Imagenetix's tax expense for the months ended in Jun. 2015 was $0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jun. 2015 was $0.01 Mil.

Imagenetix (OTCPK:IAGX) 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.

Imagenetix Tax Expense Related Terms

Imagenetix Tax Expense Historical Data

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The historical data trend for Imagenetix'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.

Imagenetix Tax Expense Chart

Imagenetix Annual Data

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Mar15

Tax Expense

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0.46

-0.41

-1.37

0.00

Imagenetix Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Dec12	Mar13	Jun13	Jun14	Sep14	Dec14	Mar15	Jun15
Tax Expense	Get a 7-Day Free Trial															0.00	0.00	0.01	0.00	0.00

Imagenetix 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.

Tax Expense for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.01 Mil.

Frequently Asked Questions Learn more about Tax Expense →

What does a Tax Expense of $0.01 Mil mean?

Imagenetix (IAGX) has a Tax Expense of $0.01 Mil as of Jun. 2015. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Imagenetix and its competitors.

Is Imagenetix's Tax Expense too high?

Imagenetix's current Tax Expense is $0.01 Mil.

How does Imagenetix's Tax Expense compare to NUVPF and ADMD?

Imagenetix's Tax Expense of $0.01 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Tax Expense for a Drug Manufacturers company?

A good Tax Expense depends on the Drug Manufacturers industry context. However, Tax Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Tax Expense mean?

A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Imagenetix and its competitors. Imagenetix's current Tax Expense is $0.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Imagenetix stock overvalued right now?

Imagenetix (IAGX) has a current Tax Expense of $0.01 Mil. The current Tax Expense is $0.01 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Tax Expense calculated?

Tax Expense is calculated from a company's financial statements. For Imagenetix (IAGX), the current Tax Expense is $0.01 Mil as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Imagenetix Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies NUVPF ADMD RSPI YBAO ULUR NRXCF ACUR LBLTF PUFXF BKIT RLMD IGC MYOS CBICF SBFM PVCT AQSZF PTLF AOLS APRI

Address 10845 Rancho Bernardo Road, Suite 105, San Diego, CA, USA, 92127

Website http://www.imagenetix.net

Imagenetix Inc is engaged in developing, formulating licensing and selling over-the-counter, natural-based nutritional supplements. Its products include Celadrin, a product formulation for joint health; and Periodyne a periodontal product. These products are offered through multiple channels of distribution, including direct marketing companies, also known as network marketing or multi-level marketing companies and chain store retailers. Geographically all the business activities are functioned primarily through the United States.