Revenue Recognition – Revenue is recognized when persuasive evidence of an arrangement exists, services have been provided or goods delivered, the price to the buyer is fixed or determinable and collectability is reasonably assured. Revenue from the sale of products is recorded at the time of shipment to the customers. Revenue from research and development engineering contracts is recognized as the services are provided and accepted by the customer. Revenue from contracts to license technology to others is deferred until all conditions under the contracts
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Says they record revenue when items are shipped not when actually paid for.
Do you see any major insider buying????
They've dumped 70 million shares on unsuspecting inventors using carefully worded PR'S for ten years with no reported revenues ever!!!!!!!!!
The only people that make money are the ones dumping shares and is why the SEC is watching their activities.
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