Monday, November 30, 2015 12:51:21 PM
1. I only looked for Dark Awakening on my Wal-Mart visit, I am not suggesting that they don't have movies in other Wal-Marts, Red Box, etc.
2. Give the boys credit for formally reducing the A/S to $800MM
3. I still think there is something awry with the financials.
4. Per their cash flow statement, the first number is always "an adjustment for cash used in ops" this quarter it was -$247k, last quarter it was $126k. There is no description on where this is coming from.
5. Per the cash flow statement, the company paid in the current quarter, $50k payment on a officer note and paid $27.6k toward executive accrued wages. So in the quarter the boys combined got $77.6k. Naturally, it does not reconcile to the balance sheet.
6. A/R went up $544k and now stands at $4.7MM which is a large number. Meaning $4.7MM of revenues have been booked but not received.
7. Accrued Royalties went up $405k and now totals $1.2MM which is money owed, but not paid.
8. Lastly, the cash flow statement shows the TCA note going up by $80k, but the balance sheet shows it going down by $75k.
Something is wrong here
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