Marani Brands Inc. (MRIB)

[VeronicaFox]

'Goods in transit' is merchandise that has been shipped by the seller, but has not yet been received by the purchaser. The terms of the sale will dictate which company should report the goods in transit, i.e., FOB shipping point or FOB destination. I don't believe Marani has ever disclosed the terms of the sale however.

'Receivables net' is money owed to the company by customer(s), minus the money owed that will likely never be paid, aka bad debt.

'Revenue' is the sale of its product, in this case Marani vodka.