InvestorsHub Logo
Followers 123
Posts 3682
Boards Moderated 0
Alias Born 02/20/2015

Re: BADALI post# 48886

Saturday, 03/14/2015 5:02:00 AM

Saturday, March 14, 2015 5:02:00 AM

Post# of 70075
Badali you mean $3958

The increase in service revenues were from a consulting agreement in which the Company was paid in stock of the client. Therefore, we classified the stock as a Marketable Securities:
Available for Sale asset in which we revalued at each reporting date based on the closing stock price. [b[color=red]]The client's stock price has greatly decreased since receiving the stock, so we have recorded an Other Comprehensive Loss on Available-for-Sale Securities of $96,042 in the year ended December 31, 2014.[/color]