Saturday, April 16, 2022 10:30:48 AM
Revenue On September 1, 2022, the Company received a $2,000,000 purchase order/agreement for 2,000 electric motorcycles FOB Nairobi, Kenya. These motorcycles are to be delivered over the term of one year in allotments agreed to by both parties. This agreement called for the buyer to advance the first $200,000, which was done. The first allotment was shipped from China in December 2021.
They even have the liability of $152,000 of undelivered product in their balance sheet - things are improving here.
It doesn't state what the "monthly rate" will be, but getting $200,000 upfront was good news.
now how about a report on quarterly shipments like all auto manufacturers do?
Definitely a promising report.
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