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Post# of 211437
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21ZNA9

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21ZNA9

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Monday, 02/03/2014 12:04:08 PM

Monday, February 03, 2014 12:04:08 PM

Post# of 211437
CEO DOESN'T pay the bill and it's CHARGED to shareholders.


Company offers the Distributor credit terms of “on consignment.” During the nine months ended September 30, 2013 and 2012, the Company recognized revenue from product sales to the Distributor of $9,054 and $8,500, respectively, which represented 4% and 2%, respectively, of total product revenue recognized by the Company. At September 30, 2013 and December 31, 2012, receivable from the Distributor was $10,853 and $6,329 respectively.

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