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Re: gedi8 post# 138276

Friday, 05/15/2020 9:03:11 PM

Friday, May 15, 2020 9:03:11 PM

Post# of 194911
Yes, but we going to have those every quarter, and did previous year as well, this quarter was ridiculous, $637k I think. Last year total DIR fee I think was $1 million. We have to overcome that, as well as book accruals each quarter for expected refund, which may be more than I stated a bit ago, because we got $648k back, which is closer to 65% of total. So refunded fees back on that would be roughly $414k for the quarter.

This would allow everyone to see results more clearly. Not booking the accrual but fully booking fees really messes with the gross profit % in 1st and 3rd quarters particularly.

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