Sugarmade Inc (SGMD)

[josbor8]

I want to bash them, but it depends on the following:

They not only are doing the Q but also possibly doing two plus a third to merge them together presumably for investors knowledge on where they would stand, retroactively.

I close monthly, which means every question, reclass reconciliation is done by closing (1week). This means by the time you’re done with your 3rd month of the quarter, you aren’t having to look in your rear view and adjust prior items. This means you simply close and provide to your auditors.

If you gave me everything from scratch, we could be talking doing bank recons, revenue recognition, prepaid releases, accruing for expenses/fees due to merger, entering AP/AR, Trial Balance review and COS/Inventory. If it were my job, less than this. If let’s say they announced merger 11/08/17, that would give me almost 30 days to today. That is beyond feasible to the point that they must have had to correct some big oopsys.

Just my opinion. I also have experience in closing months/year end and cost of sale that exceeded this 30 million merger. That being said, it was manufacturing, not retail.