Bravada International Ltd (BRAV)

[TheBane]

Well YU, I mean baronius, I have looked them over and please let the studio audience know how they are not GAAP? I understand accounting and they look 100% compliant. The fact is, and this may be a stretch for you to get a grasp of, no one on the planet could know. Only an audit could determine whether an asset was capitalized when it should have been expensed or vice a versa (thats latin btw). If you look at the financials, Goodwill assets stayed the same at $36,690.31. Total Other Assets decreased by about $1000 which means they used a cash in, cash out accounting and expensed everything directly as an expense. Yes, they are GAAP.

Why is this so hard to figure out? Seriously? It took me less than 5 minutes to figure this out.