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DRG1025

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DRG1025

Re: 66Mustang post# 58167

Thursday, 08/17/2017 1:17:02 PM

Thursday, August 17, 2017 1:17:02 PM

Post# of 140464
From a reporting standpoint the $2M deposit from Longtai wouldn't/shouldn't have been including in unrestricted operating cash. It is still included on the balance sheet in the Current Assets section as some form of "Cash on Hand". But, should have been marked "restricted" or "appropriated". Giving the reader of the financials a clear picture of cash they had to spend on anything they wanted and cash they had that was to be held, and represented as a deposit from an outside party.
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