Any bean counters here? Gotta balance sheet question.
What's the deal with accrued payroll of $913,000? Do you think this is deferred compensation for management/owners? For first 6 months of 2009, salaries per income statement were only $145,000. Let's say outside services is paid consultants/contractors - that's another $323,000. So basically, accrued payroll at 6/30/09 was twice the amount of total wages paid for the first 6 months? If the company is vastly growing, would this make sense?
I am long approx 1.3MM - just asking a question - please do not call me a basher. I've lurked here a while but this is my first post. Great website.
