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Sunday, November 22, 2015 8:30:35 AM
The $ 182,570 "Intangible Assets" is unexplained. Is this the value of the software platform that will be generating millions of revenue each quarter? A $ 19 debt to an officer is listed so it's not like they aren't picking nits in some areas.
And in 9 months there were no salaries and wages on the Income Statement. There is a "management fee."
IMO this points toward there being a customer/vendor relationship between TDEY and whoever is really doing the "work" for these insurance companies.
Leasing of the software and employees from another entity to TDEY would fit but one would think that sort of thing would be disclosed. After all, those sorts of agreements can make or break a company.
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