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Thursday, July 29, 2021 3:33:48 PM
I never said they didn’t have any contracts, you said i did. But then stated I said it wasn’t really $1m which is exactly what i said and stated part of that was due to appreciatio in crypto being booked .
You say I don't know accounting but you have been arguing all along that the $1 million in revenue on the Income statement which is clearly labeled Revenue from Services is not really all coming from services but capital gains (crypto appreciation) because it was unlikely that they had a HEX project contract.
From your post #452...
this was in the annual report, so I believe they got some gains in HEX on maybe consulting services that were paid in HEX that they saw a gain on and were able to book the revenue.
Again just my guess but perhaps they are working on actual projects; however, the fact that they said this was HEX related and HEX is a closed project makes me think it was more of capital gains.
You were correct in linking it to pulse but don't question my knowledge of accounting when you couldn't grasp the basic principle that Services Revenue can't include capital gains (i.e.crypto appreciation). As we both recognized early on there could be more clarity on how the crypto appreciation is booked. This is all I'm going to say on this. Let's move on.
Les
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