Monday, May 16, 2022 11:28:40 AM
May 16, 2022 | AMMX News
CHICO, CA May 16, 2022 – AmeraMex International, Inc. (OTCQB: AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has received equipment orders totaling $547,000 which brings year-to-date sales up to $10.6 million.
The orders consist of the following equipment:
One Taylor TS-9972 Reach Stacker shipping to a customer in Houston.
One ASV RT-75 Posti-Tract Steer Loader shipping to a landscaping company on the West Coast.
One Kovaco Electric MiniZ-400 Skid Steer Loader shipping to a customer in Utah.
The Company also announced that it has filed an extension with the SEC to delay filing of the Company’s first quarter 10-Q. According to CFO Hope Stone, there is a new ASC842 rule for lease accounting issued by the Financial Accounting Standards Board ( FASB ). This new standard contains guidance on the accounting and financial reporting for agreements meeting the standard’s definition of a lease. The Company is in the process of adapting the new standard with its existing Accounting Software and expects to report first quarter financials by Friday, May 20, 2022
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