First American Scientific Corp. (fka FASC)

[TRCPA]

Re-clarifying when sales are booked, from the last 10Q. Correcting my prior statement that the KDS would have to be essentially paid for to be booked.

??"The Company generally requires its customers to pay a 50% deposit on all orders prior to the commencement of fabrication. These monies are reported as a current liability until the equipment is delivered and any performance conditions are met at which time it is recognized as revenue. Generally, deposits received are non-refundable. Revenue is recognized when the equipment is sold and delivered."