Bollinger Innovations Inc (BINI)

[TenKay]

“that still goes under deferred revenue for the company until the contingencies are met.“

Not it doesn’t. If people want to use accounting terms it might be helpful to understand what they actually mean and represent.

https://www.investopedia.com/terms/d/deferredrevenue.asp

Deferred revenue, also known as unearned revenue, refers to advance payments a company receives for products or services that are to be delivered or performed in the future. The company that receives the prepayment records the amount as deferred revenue, a liability, on its balance sheet.