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G-Banks

04/15/14 11:56 PM

#5621 RE: gchammer1 #5619

From a CPA.....

Per Note 9 to the FS the total $804,548 remains under construction and $0 has been recognized in revenue for the period ended 12/31/13. The $362,995 represents actual cash received as of 12/31 (again, none recognized in revenue) and is included as a current liability under 'Customer Deposits' on the balance sheet.

That means the total 805K will be recognized in Q1 of 2014 assuming all Pods shipped by 3/31.