First American Scientific Corp. (fka FASC)

[icarus6700]

> As for margins on sales, the selling prices of new KDS appear to be starting at about $300K. Margins on these sales are about $150-$175K from what I can see.

TRCPA, thanks for that!

In the last annual report, under "Revenue Recognition," I read, "The Company generally requires its customers to pay a 50 % deposit on all orders prior to the commencement of fabrication."

The last quarterly report describes receipt of a deposit in the amount of $113K and another of $118K. Wouldn't that imply a selling price of closer to $220,000-$240,000? Or do you have information that the selling price has risen considerably over the last year?

If I were selling these suckers, I think I'd want the deposit to cover all of my costs at a minimum. If the company agrees with this way of thinking, then perhaps the cost is something close to $110,000-$120,000 per KDS, with a 100% profit margin.

Your numbers are a bit more optimistic. I hope you don't mind my asking how you came up with your selling price and manufacturing costs.