Puration Inc (PURA)

[PRmaniac]

It looks like it was a one-time consignment sale only. It has nothing to do with the supposed extraction technology they are supposedly licensing.
Maybe they dumped some of their remaining filtration products in a fire sale, or.....just dumped some water bottles. Could also be related to the exactly $100K loan from an "investor"?

I see they conveniently failed to mention what was actually sold or "consigned" for sale.

Revenue Recognition
The Company sells a variety of water filtration products today on consignment through retailers. The Company generally recognizes revenues at the time of consignment reconciliation. Costs of discounts, credit card fees, and point-of-sale rebates are recognized at the date at which the related sales revenue is recognized and are recorded as a reduction of sales revenue. The Company had a one-time sale of $100,000 during the quarter ending December 31, 2016.


Maybe we'll see a $100K reduction soon?