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Re: Out The Window post# 183709

Wednesday, 11/13/2019 1:17:12 PM

Wednesday, November 13, 2019 1:17:12 PM

Post# of 232842
from the 10Q


7. Equipment Held for Sale

During the three-month period ended September 30, 2019, the Company reclassified $585 in equipment, planned to be disposed of under the 2019 Restructuring Plan, from property and equipment to equipment held for sale on its consolidated balance sheet. As of September 30, 2019, the Company had identified a buyer for this equipment, with a negotiated sales price of $600. The sale will be finalized during the fourth quarter following delivery and other title transfer of equipment to the buyer. No additional adjustments to asset carrying value were recorded as a result of this reclassification.



Original cost of $585, sold for $600k > gross profit of $15k

Even if we don’t have any 106 production up and running for the 4th quarter would this not be considered revenue stream?

We do sell manufacturing machine equipment.

He gave his father “the talk”
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When he drives a car off the lot, its price increases in value
Once a rattlesnake bit him, after 5 days of excruciating pain, the snake finally died
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