Saturday, May 23, 2015 8:27:30 PM
Too funny. KBLB is not a perfect GAAP company. It is a very imperfect GAAP company. Did you read the following? Are these lines in accordance with GAAP? Come now....you simply need to read and hopefully....hopefully understand. This is in accordance with disclosure, NOT GAAP. So get past it already.
"(i) updates the disclosure regarding the Company’s material weaknesses in its internal controlsand procedures to more accurately reflect the current status of same, (ii) clarifies the type of accounting personnel at the Company"
The clarified position on accounting personnel is that none exist. It is disclosure to one and all. GAAP? No. Development companies cannot keep up to Sarbanes Oxley. It is well known to be over regulation for small companies not yet profitable. So GAAP will not apply in totality until we can afford to.
There seems to be a major disconnect here. Talk to me in 50 years.
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/16/2024 09:00:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:30:52 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/10/2024 08:30:30 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/04/2024 04:15:03 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
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