"you just cannot add them togather the $18M is part of the $58M"

"the difference between the 82 and 58 just expired."

The Company has U.S. federal net operating loss carryforwards available at March 31, 2008 of approximately $58,700,000 (2007 - $57,400,000) that will begin to expire in 2008. The Company has state net operating loss carryforwards of $18,600,000 (2007 - $17,240,000) that will begin to expire in 2010. The difference between federal and state net operating loss carryforwards is due to certain percentage limitations of California loss carryforwards and to expired California carryforwards.

The State is part of the Fed? I see two separate interests collectively. The state does not start to expire untill 2010.

doni