Wednesday, May 25, 2016 10:30:53 AM
The point of a cash flow statement is to show you how they got to the amount of cash in their account or how cash was used during the period.
That 2.2mil negative is a net loss after all expenses are removed from REVENUES. It is carried down from the bottom of the income statement.
GAAP requires companies to account for revenues on an accrual basis. Not sure what you are getting at by saying they report accrued revenues. Seriously...
We already know they don't make profits and haven't in years. But they have a revenue stream.
BTW...those NOLs would be extremely valuable in a RM.
If anyone says they have an investment philosophy, remind them that a monkey picked a winning portfolio over a fund manager...then fling your poop at them.
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