Flexpoint Sensor Systems, Inc. (FLXT)

[baldfatugly]

Shoeman, I am not an accountant but I believe this is accrual accounting as opposed to cost basis accounting. I believe it is the preferred method going by "generally accepted accounting principles." Assuming that the product or service has been supplied to the customer and it is reasonable to expect the stated payment, there is no problem. I can certainly understand disappointment with this company's past performance but I still do not see illegal behavior.

Thank you for the reply. I admit that I could be mistaken. I will consider anything you post in the future.