Saleen Automotive, Inc. (fka SLNN)

[wj2005]

Hmm, ok. Well let me clear some things up about this:

Saleen only reports its financials according to the Generally Accepted Accounting Principals(GAAP)

Ok, so that being said then the COGS can also include the cost for the employee that works on the actual car being built which would explain why the COGS is higher then the revenue.

GAAP only provides guidelines. Companies take those guidelines and apply a logic that makes sense for their particular situations.

GAAP is a guideline so the COGS can include more then just inventory that was used to build cars.