Bioelectronics Corp (BIEL)

[Det_Robert_Thorne]

I have no idea what you mean

however much of the sales from Q 2 has not been recognized in Q2 numbers as numbers are always 3 months behind, but then you know that.

No I don't know that, because that goes against everything I know about accrual accounting, and BIEL's filing says nothing about shipment revenue pushed into the next quarter:

Revenue is recognized when evidence of an arrangement exists, pricing is fixed and determinable, collection is reasonably assured, and shipment has occurred. Payment is due on a net basis in 60 days. If the customer is deemed not credit worthy, payment in advance is required. Payments received in advance of when revenue is recognized are recorded as deferred revenue on the balance sheets and recognized as revenue when the goods are shipped and all other general revenue recognition criteria have been met.

If you're talking about Deferred Revenue, then at the end of 2Q/15, it was only about $10K.

If you know differently, then please explain it to me.