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Re: rbtree post# 18735

Friday, 06/02/2023 4:54:05 PM

Friday, June 02, 2023 4:54:05 PM

Post# of 20144
IIRC, they recognized a little over $2MM in revenue, which is included in A/R, not yet collected.

The invoices for the emergency work performed at Twitchell Reservoir for the three months ending March 31, 2023 totaled $22,463,334. Since the unforeseen emergency phase at Twitchell Reservoir was neither anticipated nor included in the sediment removal contract between MSL and the SMVWCD, only the Company’s portion of the net profit from these emergency phase invoices is being reflected in these financial statements.