Competitive Companies Inc. (fka CCOP)

[PokeyPete]

I’m no accountant, but I’m purity sure the $2,716,980 tagged as Deferred Revenues under Liabilities would be funds received by the CCOP for a promised product or service. Like money on deposit that gets converted to income once the product ships. This column is up by $2,000,000 from 6 months ago. This mean that they took in $2,000,000 in cash and recorder it as a liability not as income. If they took in the money for the sales of stock I think they could record it as income for more issues stock on the books. It will be interesting to see what happed to this on the December 2013 statement. PS: Note the cash is only up by $500,000. This means they spent $1,500,000 of the $2MM in Deferred Revenues.