NorthWest Biotherapeutics Inc (NWBO): "NWBO revenue is booked when received."...

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NorthWest Biotherapeutics Inc (NWBO)

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Re: Doc logic post# 55898

Thursday, 03/03/2016 2:40:03 PM

Thursday, March 03, 2016 2:40:03 PM

"NWBO revenue is booked when received." Doc Logic
"NWBO may report on a cash basis -- when payment is received." Flipper

Doc, Are you just rephrasing Flipper's statement?
You both must not have taken Accounting 101. Revenue is recognized when it earned and NOT when it is received.

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