SmartMetric Inc (SMME): Why revenue might not be seen yet......

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Re: kr26 post# 12161

Wednesday, 09/12/2018 11:03:00 PM

Wednesday, September 12, 2018 11:03:00 PM

Why revenue might not be seen yet...

Accounting wise it's a question of cash vs accrual basis.

When using cash accounting, revenue is recognized when the cash is received.
When using accrual accounting, revenue is recognized when earned, e.g. when the invoice is raised.

I have no information on the details of any sale other than what has been in PRs!

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