Friday, August 07, 2015 10:35:05 AM
Surely Judge Pantle would want Cirtran to follow Generally Accepted Accounting Principles, as required by the SEC for reporting financial statements by a public company. Payments are a completely separate matter than accruals. Cirtran is required to follow accrual accounting for reporting even during the litigation. Maybe one of the reasons Cirtran has not filed since the 3rd quarter of 2014.
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