PCT Ltd (PCTL)

[RealDutch]

We will know how big the purchase order was from PCT Europe when they file the Q3 report.

50% upfront cash, so multiply deferred revenue by 2.

Now we just have to ask them how many machines they purchased

https://www.investopedia.com/ask/answers/032615/why-deferred-revenue-listed-liability-balance-sheet.asp

Why is Deferred Revenue Treated as a Liability?

Deferred revenue is when a company receives payment from a customer before the product or service has been delivered; however, the payment is not yet counted as revenue. Deferred revenue, which is also referred to as unearned revenue, is listed as a liability on the balance sheet because, under accrual accounting, the revenue recognition process has not been completed.