60% increase in 3 months with a Pandemic?
Revenues from last 10-Q shows 3 months revenue ending December 2019 at $172,991
Per NT 10-Q Gross sales for the quarter ended March 31, 2020 were $276,419
Are we looking at a 60% increase in revenue or sales in 3 months?
Per the NT 10-Q;
Gross sales for the quarter ended March 31, 2020 were $276,419, and for the Fiscal Year-to-date through the nine months ending March 31, 2020 were $655,907. However, to comply with FASB standards, the income statement must show revenues net of slotting expenses rather than gross sales. As a result, neither the gross sales numbers for the three or nine month period mentioned above, nor the corresponding slotting expenses will appear on the income statement as prescribed.
Does this suggest that the Gross Sales is including slotting fees paid in advance and not pure ice cream sales?
So can someone shed some light on this?