We have placed a full valuation allowance against our deferred tax assets. 10-Q

Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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We have placed a full valuation allowance against our deferred tax assets. 10-Q

posted on Jan 17, 2012 05:10PM

During the fiscal 2011, we determined that is was not more likely than not that all of our deferred tax assets will be realized in the future due to our continuing pre-tax and taxable losses. As a result of this determination we have placed a full valuation allowance against our deferred tax assets.

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