NEA has accumulated tax losses in the USA. As (if) the USA...

NEA has accumulated tax losses in the USA.
As (if) the USA becomes profitable then these accumulated tax losses will be credited in the Income Statement.
But there are Australian (NEA is an Australian Co.) accounting standards criteria required in order to book the carried forward losses as an asset in the balance sheet (& a credit to the Income Statement). The criteria are (or used to be) along the lines of, it is virtually certain/probable/likely that the entity will earn sufficient income in the future for these tax losses to be utilised. The accounting standards deal with this - I haven't read them for a while.
Its not a going concern issue in this instance.