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Re: Belgie24 post# 34477

Thursday, 12/19/2019 4:45:37 PM

Thursday, December 19, 2019 4:45:37 PM

Post# of 47670
I stand corrected and will amend my statement to say since 2015 PT has claimed production and sales and it has never materialized on the financials.

Looking back, the company did show revenue in 2013 & 2014. It is quite interesting when looking at those two year's financials as the actual amount of revenue is unclear.

Looking at the 10k for year end 3/31/2013 the company claims revenue of $1,158,742. However, in the 10k filed the next year the revenue number for year end 2013 has been adjusted down to $320,226. My guess is the claim will be that Kenny absconded with that money, but then that would show up somewhere in the financials as a bad debt expense, which there is a line item of $240,673 listed.

Anyone know why 2013 revenue was adjusted from $1,158,742 to only $560,899?