Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

But of course labor costs are included in COGS! This is always the case.

Also, of course GAAP are guidelines, very clear guidelines stating "cost of goods sold is the accumulated total of all costs used to create a product or service, which has been sold."

Any way you look at it, Saleen lost money on every car sold last reported quarter. Inventory has nothing to do with it.