Another problem with this company is that too often the comments made by the CEO on his blog or in PRs doesn't match what is contained in the SEC filings. If, in fact, YESD recognized significant revenues in Q4 2010 from WordSmart that were deferred until 2011, then that information should have, and would have been contained in the 10K filing. I cannot find one single reference to deferred revenues anywhere in the audit report. At the very least it should have been included in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, even if the exact amount wasn't known. This leads me to believe that the amount of revenue being deferred is insignificant.
