JP 3E Holdings Inc (JPTE)

[Diabolic]

I see what you mean Mike.

I imagined the following scenario: Notice I dont have experience in software companies.

1-Sales Agreement with Customer Signed

2-Goods Manufactured and Shipped to Customer (licence given)

3-Terms for Delivery / Transfer of Risk Are Met (SWARM installed)

Dr. Cost of Goods Sold $?
Cr. Inventory $?

Dr. Accounts Receivable $1,500,000
Cr. Revenue $1,500,000

4-Invoice Mailed to Customer

5-Customer Submits Payment for Invoice in Q4 2007

Dr. Cash $500,000
Cr. Accounts Receivable $500,000

Customer Submits Payment for Invoice in Q1 2008

Dr. Cash $500,000
Cr. Accounts Receivable $500,000

Customer Submits Payment for Invoice in Q2 2008

Dr. Cash $500,000
Cr. Accounts Receivable $500,000

Why do I consider it like that? Because delivery of the product happens once at the start of the cycle. It is not a Turbine being constructed that could take 2 years to deliver.
141 Capital receives the software at the start of the period and starts using it.