maybe we're supposed to treat it as an inconsequential entry and a toll that is just paid on this one....lol

"$264,000 representing foreign taxes for which a credit (a deferred tax asset) may be allowable against future United States taxes subject to certain limitations. A full valuation allowance has been established to offset the remaining net deferred tax assets and the new foreign tax credit at September 30, 2008 as realization of these assets is uncertain. As of September 30, 2008, management believes that it is more likely than not that the net deferred tax assets will not be realized based on a lack of taxable earnings. Accordingly, the Company has provided a full valuation allowance against its net deferred tax assets and no tax benefit has been recognized relative to its pretax losses or foreign tax credits.

lol

doni