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Friday, July 03, 2015 12:58:52 PM
Other Current Liabilities has increased from a worrisome $62,258 to a whoppingly worrisome $255,278 in just one quarter. If a student pre-pays for flight QuickBooks will post the payment to that account by default.
There is no way the flight school with only $25,072 cash on hand can train those students. The only way they can do it is to collect more pre-paid flight to provide the training already paid for.
http://www.otcmarkets.com/financialReportViewer?symbol=QASP&id=140975
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