Bioelectronics Corp (BIEL)

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Baloney Sliced Very Thin

The quote was, "You mean the approx. $500,000 that keeps getting carried over quarter to quarter?".

$500k was not "carried over". At least $231k in Device Deposits had product delivered and moved to 'Sales'. New Deposits were received raising the 'Deferred Revenue' back up.

I say 'at least' because the Quarterly 'Deferred Revenue' entry does not give us a running account of Deposits and when those Deposits get moved to Sales. It is just the dollar amount on the last day of the Quarter.

In the time between an 'Order Deposit' being received and that Order 'Shipping Out' new 'Order Deposits' are coming in.

Right now 'Deferred Revenue' is a good thing, Deposits representing guaranteed future Sales.