mCloud Technologies Corp (MCLD)

[DVP25]

I think it's more complicated than that. There are definitely Salary expenses and Prof & Consult fees being included in the COS. Here's the note from the Q3 10Q that explains the adj made to the H1 results ...

"The Company has reclassified certain expenses during the nine months ended September 30, 2021 in the condensed consolidated interim statement of loss and comprehensive loss. These adjustments, captured in the nine months ended September 30, 2021, impacted previously reported amounts for the six months ended June 30, 2021 by decreasing cost of sales by $539,776, increasing sales, wages and benefits by $749,688 and decreasing professional and consulting fees by $209,912 ..."

So they basically backed out some Salaries from the COS and added back some Prof & Consult fees.