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You raised the question, but know the answer?
Then what was your intent in doing so?
Note 4, that's the WIP disclosure.
Read the financial notes.
No, not exactly. The information you need is disclosed in the financial notes. If you need help understanding them, let me know.
Work in Progress
Accounts Receivable and Work in progress
Work in progress consists of costs recorded and revenue earned on projects recognized on the percentage of completion method for work performed on contracts in progress at March 31, 2016 and December 31, 2015. The company records revenue recognition based on contractual agreements entered into at the inception of construction contracts. Amounts are payable from customers based on milestones established in each contract. Amounts are billed at milestone completion and are reflected as accounts receivable when billed. Costs and estimated earnings are accumulated on projects in process and compared to amounts billed based on the percentage of completion method of accounting (cost to cost). Costs incurred in excess of amounts billed and related profit recognized are reflected as an asset in the balance sheet as costs and estimated earnings in excess of billings. Unearning billings are reflected in the balance sheet as a liability as billings in excess of costs and estimated earnings on projects in process.
Remember the SIAF videos?
Here's one of my earliest attempts. This was back in my early days, before SIAF.
EXPH.. The Company was really poised to do something amazing. They won a big contract from Lowes to build displays for tools. This was when retailers were fighting for customers due to the recession. So the big retailers were updating their displays. But right when everything was getting ready to ramp up, the 2008 financial collapse happened. It wiped the Company out. Lowes pulled the contract. The banks capped his credit lines. Other clients started canceling orders. Things went from exciting to down right terror.
JD had people who had been working with him for years, people that were like family. He tried to keep things afloat by taking on a bunch of toxic debt. The work just never bounced back and he defaulted and went bust.
https://www.youtube.com/user/EXPOHOLDINGS
Alan, welcome to the Ihub board.
I heard you told your members today that we did some "toxic" financing. We were wondering where the sell off came from.
I have a question for you Alan since we're talking about what's professional behavior. How do you consider yourself an unbiased "Analyst" when you operate both an investor subscription service and an advertising portal for companies? Playing both sides are we? I have to admit, it's a pretty smart business plan.
The stock really isn't liquid. Volatility should be expected.
Up until a few weeks ago, the stock hardly even traded.
BKRT has been boxing the ask for quite some time. Not sure what you mean by toxic as this is the first debt we've taken on. All shares issued have been restricted under Rule 144. Convertible debt is only bad if you don't pay it off. It's basically a short term loan.
Without an effective registration statement, shares can not be free trading. Shareholders must rely on Rule 144 which requires a minimum six month hold.
I'm curious to see what the short interest is in the next reporting period.
The note can be pre-paid unlike many other OTC notes.
It's simply a bridge round. It also doesn't mature for six months. Not really sure what the concern is.
It's not just food, or marijuana either. It's vaccines and antibiotics.
Our bio-manufacturing platform for example was designed to increase plant expression (produce more phytochemicals). Obviously the biggest market is for cannabis, but it can also be for other plant based systems.
http://www.reuters.com/article/us-flu-vaccine-analysis-idUSKCN0HQ2YO20141001
What we do covers more than one industry and it's just now taking off. I think we're in a really good place.
Have a good weekend guys.. Send me your emails in PM if you want to be added to our email list.
Drought is just one of many problems.
The United Nations originally reported we'd have to increase food production by 50% by 2050 back in 2009. Now they are saying 70%.
http://www.un.org/apps/news/story.asp?NewsID=46647#.VusTy-IrJhE