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Re: TAH86 post# 84636

Monday, 04/29/2019 11:10:57 AM

Monday, April 29, 2019 11:10:57 AM

Post# of 107737
There is $173k of Tooling cost on the balance sheet, with a note indicating that the asset "has not been put into service as of 12/31/2018".

The balance sheet was audited, and that line item was reviewed to the extent required for the auditors to realize that it is a legitimate balance sheet item. If it was worthless then it would have been written off in 2018. Instead, we know that there's an asset that has been paid for and that is on-deck for an upcoming project.

Tooling is an indication of preparation for a manufacturing process. Something is on the horizon.

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