Wednesday, June 08, 2016 5:46:39 PM
http://ih.advfn.com/p.php?pid=nmona&article=71687691&symbol=ICLD
this time new errors were discovered:
Also during the course of the current audit, it was determined in the Company’s financial statements for the quarter ended September 30, 2015 that the Company overstated certain revenue items related to the percentage of completion method of accounting. As a result, during the third quarter of 2015, revenue was overstated in the amount of $0.8 million, cost of goods sold was overstated in the amount of $0.6 million, and gross profit was overstated in the amount of $0.2 million.
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