Flexpower Inc. (FLXP)

[DaddyCoopDogg]

Yes, but they both can earn 100k apiece in bonuses, now you have to accrue it at whatever level you "EXPECT" to be paying it out. I'd be surprised if they don't earn most, if not all, of it, but that would be 50k in salaries, assuming nobody else is on the payroll (maybe they fired the IR guy, which might bring some rejoicing from some investors). that was a joke. Anyway, even if they accrue half of it, it's 25k, which doesn't seem right either with a total quarterly payroll of 27k. All I'm saying is this - they haven't accrued expected payouts for Garr and Michael and they will have to do that eventually, probably Q4 and it stands to be more money by then, making up for the accruals they didn't do in Q1 (or possibly Q2 and Q3). All that said, I suspect, since it's unaudited, they are waiting until more revenue streams are in place producing income before they report such accruals. Just a thought, but I am encouraged by the financials, I didn't think they would be this good until Q2.