HQ Sustainable Maritime Industries (fka HQSM)

[db_s99]

To answer my own question:

On page 14 o the 10-Q regarding aquatic products "...there was a non-recurring recovery of bad debt which affected results materially." First time through I misread it. The recovery of bad debt in 3Q2004 increased the aquatic revenues for that quarter by $2.28M. So the comparison without the recovery would have been $5.9M revenue in 3Q2005 vs $4.22M in 3Q2004. If they collect the $197K in bad debt from 2005 then that would increase revenue even more this year.

The recovery was for past periods, not sure how many quarters it would have covered. So nice increase overall.