In March of 2009, the Company relocated to its new warehouse facility and office and conducted an extensive inventory of its portfolio of domestic and international art and discovered its inventory had been understated by $310,500. The Company reflected this inventory adjustment in Other Income during the quarter ended June 30, 200
Thats how they got "net income" for first qtr.
Who wants to bet me that there will be a similar adjustment for 4th qtr?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.