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Re: banyon post# 89417

Thursday, 06/03/2010 12:05:59 PM

Thursday, June 03, 2010 12:05:59 PM

Post# of 111729
While it may not be much in the amount of dollars, I would assume that completing the groundwork at the first site should trigger the recognition of some revenue. This is based upon the % of completion method for contract accounting.

I cannot, for one, believe any VAR has put 250K down for a 5 year license on equipment that has yet to yield an uncontaminated harvest of algae.