Lightwave Logic Inc (LWLG)

[frobinso]

I blocked off and lost part of my post. ASC606 also requires you to match costs to produce against revenues, and determines in what situations you must defer revenue recording. For example a $50,000 upfront fee received by LWLG might be initially recorded as deferred revenue until portions of the contract obligations are fulfilled.
Here is a link that explains the basics of it: https://www.wallstreetprep.com/knowledge/asc-606/#ASC%20606%20Revenue%20Recognition%20Compliance