Plastic2Oil Inc (PTOI)

[dreaminbig]

JBI does not count orders as sales nor can orders be included in revenue.

P2O sales are recognized when the customers take possession of the fuel since at that stage the customer has completed all prior testing necessary for their acceptance of the fuel. At the time of possession they have arranged for transportation to pick it up and the sales price has either been set in contract or negotiated prior to the time of pick up. The Company negotiates the pricing of the fuel based on the quality of the product and the type of fuel being sold (i.e. Naphtha, Fuel Oil No.6 or Fuel Oil No. 2).


http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm
Page 57



Should show the order at least I would think.......et z