Universal Detection Technology (fka UNDT)

[rockinstocks]

I'm waiting for the numbers. Question is: if UNDT is done, why are you still here?

The 10-Q states:

REVENUE RECOGNITION

The Company’s revenue recognition policies are in compliance with ASC 605 (previously Staff accounting bulletin 104). Sales revenue is recognized at the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue. Service revenue is recognized when services are performed and amounts are due.

I'm content with waiting for the next 10-Q. For those of you planning to hold, do so. Don't drink the basher "kool-aid".