Nate's Food Company (NHMD): Ouch. That hurts. Depreciation not bei...

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Nate's Food Company (NHMD)

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Re: billytbone post# 71024

Saturday, 12/10/2016 4:17:04 PM

Saturday, December 10, 2016 4:17:04 PM

Ouch. That hurts. Depreciation not being calculated is proof that the equipment was not in use.

Let's fast-forward to more recent events, shall we?

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11644551

As of August 31, 2016, equipment of $385,315 reflects acquisition costs. During the period ended August 31, 2016 and 2015, depreciation expense was $9,880 and $0, respectively

Lookey, lookey. Depreciation expense. Seems the equipment has been in use, no?

I can spew any kind of bullshit I want as long as I use a disclaimer. Apparently that is how the system works.

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