But Anyway- Regarding the lease liability...
The $515,000 lease liability should have been on the books for 6 years. NOW.....you posted the balance sheet as of 12/31/02 which clearly shows the liability of $515,000 with a reference to note 9....no problem. BUT...why would you post a portion of Note 9 which has no reference to the $515,000? Sure, the paragraph you posted was included in note 9 but it does not relate to your concern. Isn't this the reference of note 9 that you want to post...
Approximately $515,000 of the accrued lease liability arose in the normal course of business for goods and services delivered to the Company and were recorded at amounts reflected on the invoices and other documentation received from the third party vendor. This amount is approximately six years old. The amount owing to the vendor is still due but as the Company has had no contact with the vendor, the amount may not require payment. Accordingly, the accrued lease liability reflects management's best estimate of the amount that may be due. Settlement of this liability may be either more or less than the amount recorded in the consolidated financial statements and accordingly may be subject to measurement uncertainty in the near term.
This still does not leave e.Digital off of the hook for the $515,000.......but you don't seem to know what your posting about. It could be a simple mistake..or it could be someone spreading FUD. I assume you made a simple mistake.
