Thursday, November 15, 2018 10:49:47 AM
Not sure what this means: "In August 2018, The Company satisfied the conditions and the remaining $1,000,000 was received and recognized as revenue during the three months ended September 30, 2018. The Company’s cost of goods increased to $499,546 for the three months ended September 30, 2018 as compared to $0 for the three months ended September 30, 2017, directly related to the increase in revenues."
It seems to link the half million in cost of goods to the million payment (which would surely have zero cost of goods?). I am assuming that this will actually be applied to "real" revenues from the large utility order.
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