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Our gross on NOLs on the federal side are about $250 million.
This program enables approved biotech companies with unused net operating losses, NOLs and unused research and development credits to sell these tax benefits to unaffiliated, profitable corporate taxpayers in the State of New Jersey.
Until we reach a point at which we will have exhausted those NOLs, and at that point, I would expect we'll pay a dividend that is – whatever is necessary to comply with our REIT requirements.
We still expect to use a large portion of those NOLs, but we are unable to support maintaining that deferred tax asset based on the U.S. GAAP rules.