Plastic2Oil Inc (PTOI)

[Artiztic1]

Great question, I'd really like the answer as well - Anyone?

Q1 10Q showed:
Raw materials = $22,058
Finished Goods = $342,676
Obsolescence Reserve = $160,000
Total inventories = $204,734

Q2 10Q showed:
Raw materials = $21,038
Finished Goods = $9,391
Obsolescence Reserve = $0
Total inventories = $30,429

I assume finished goods = fuel.

Does this mean that they sold the finished goods from Q1 in Q2? If so, I would estimate the proceeds from the sale of reserves being $182676 if their obsolescence reserve estimation was correct. That is very close to the "P2O sales" of $179,420 for the quarter. Does that mean no P2O machines were running at all for the whole Q2 and all sales were derived solely from the sale of reserves?

I'm not very good at reading 10Q's so someone help me understand.