Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

The stock given away has now been placed on the balance sheet -- at the appropriate per share price, rather than the .001 previously used for expensing.

It is categorized as 'unidentified and intangible' assets -- almost $7M, or a MULTIPLE of lifetime revenues! An audit will reclassify these assets to expense.

For example -- the $500K worth of stock issued in Q2 2012 to establish ice cream distribution (see Q2 2012 financials; now shown as 'purchase of an asset' in current financials).

Not an asset by any means -- and even if it were, it would be valued at $0, given ice cream sales in the 18 months since.