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Friday, August 04, 2017 10:16:02 AM
They state this,
The Company plans to recognize revenue on arrangements in accordance with Securities and Exchange Commission Staff Accounting Bulletin Topic 13, Revenue Recognition and FASB ASC 605-15-25, Revenue Recognition . In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability is reasonably assured.
They may have revenue but are not reporting according to SEC accounting methods. The highen (-) in their report might confirm this, rather than $0.
Same with cash. Their are entries in their reporting that show $0.0. But not with cash. It might be a reporting issue.
Financially, the company is not in good shape at all. But, pink sheets are that way for the most part. It is high risk but could be high gain.
James
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