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Post# of 77942
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campe

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Re: Chip79 post# 76332

Thursday, 06/13/2024 11:59:04 AM

Thursday, June 13, 2024 11:59:04 AM

Post# of 77942
Yes, $2.2 in website and software development was listed as an asset on page 15 up from 100k in 2023.

Where did this asset come from? Did it magically appear after they realized they had a really cool website worth millions?

From my understanding, on page 17, under Cash Flows used for Operating activity, they list ($2.1m) for web development. Seems to me they spent $2.1m in 2024 on website and then listed it as an asset.

Any accountants out there to clarify this for me?
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