Capstone Companies Inc (CAPC)

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REVENUE RECOGNITION

Sales of merchandise are recorded when goods are shipped, and profit is recognized at that time. Allowances for sales returns, rebates and discounts are recorded as a component on net sales in the period the allowances are
recognized.

Yeah, it's from one of those pesky SEC filings. It may seem like a minor detail to you, but an accountant would disagree.

P/Os, whether they have them in hand or not, are not booked revenue.

Regards