Strategic Asset Leasing Inc (LEAS)

[Gboyd4155]

he sold for 150k it looks like, looks like so far he has received a first payment. unless the accounting is accounting for some type of derivative liability in relation to the amount paid for the original concessions, then the issuance done by the company into last year will account as the asset.

If you issue equity -- there has to be a corresponding credit on the balance sheet

Assets =( Liablities + equity) = the same

so issuance of stock ( equity), must be booked under assets to match and keep the balance sheet balanced.