VirTra Inc (VTSI)

[ByloCellhi]

Hound

I find it interesting the company is claiming usury when THE COMPANY in fact deterrmined/agreed to the payback for the loan ie the # of shares.

Cash on hand in the bank is the # on the balance sheet at the end of the qtr not "a contract in process" - accounting is black and white and what the #'s are at a certain point in time.

You said: "matching and timing are most likely the reasons the company can have cash in the bank (ie. paid for a contract before claiming income or expenses"

If the payment for the contract is 12/31 or prior it will be on the balance sheet - if they are trying to pay operating expenses on prepaid contracts then they are really in trouble. My experience is govts pay upon completion ie delivery and acceptance not up front.