Sack Lunch Productions Inc (SAKL)

[Dalek_Caan]

This is why they didn't
"we had robust sales of tickets in the first quarter. However, the majority of those ticket sales are booked as deferred revenues and are not realized as revenues until we hold the events. Furthermore, deferred revenues are classified as a current liability on our balance sheet. Consequently, deferred revenues, in some respects, distort the financial picture from quarter to quarter. By year end, we expect to fully realize nearly all deferred revenues which will result in dramatic improvements to our balance sheet and income statement as the year progress.”