Yes, but no. If you look at page 3, it's the accountant's "review." That's right up there with an attorney letter for the stinky pinks where they don't do any substantial reviews. The accountant states clearly they did not do an audit, just looked at the numbers and made sure the totals were the totals, chatted with management a bit, etc.
I just can't think of a way they can put "deferred revenue" on a balance sheet that isn't in their account.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.