Bravada International Ltd (BRAV)

[Y U Axing Me]

I don't see anything askew with the shipping the way it is reported on the financials. In fact, it's actually GAAP compliant, IMO.

It makes sense that the shipping charged to customers is put in the revenues and the cost to ship is put in COGS.

Good companies normally charge shipping as a pass-through, meaning that they try to charge exactly what it costs them. High shipping charges, where companies actually make money off of shipping is frowned upon....turns alot of buyers off.

The fact that there's a $4k difference between the cost and revenue tells me that either they are losing a few bucks on the shipping, or there's a timing issue between posting revenues and expenses.

This is really a non-issue, IMO.

(of course, my issues are very important )