Innovative Food Holdings Inc (IVFH)

[Dickmo]

It has nothing to do with the RSU's. That is covered in another section. The section clearly has to do with discontinued operations. Since IVFH only has one recent discontinued operation, it must be FD related. The company took a $120K expense for converting the RSU's. That is stated elsewhere in the 10-K.

Besides, RSU's are not company liabilities. They are claims on equity, but technically not liabilities. CPA's generally are pretty precise in the words they use. This wording was clear designed to obfuscate the specific reasoning for the $1.2 million payout.

As for recurring, it most certainly is not a recurring expense. Could it be indicative of additional liabilities associated with 'discontinued operations'? That remains to be seen. Where there is one, there are often many.