Replies to post #248112 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"In the K it said we owed approx 4 million to CRO now it says 3 million. So we paid 1 million?"

I don't think that's the proper interpretation. Here's what the 10-K said:
"The Company has total non-cancelable contractual minimum commitments of approximately $4 million to contract research organizations as of June 30, 2018. Expenses are recognized when services are performed by the contract research organizations."

and per the 10-Q:
"The Company has total non-cancelable contractual minimum commitments of approximately $3 million to contract research organizations as of September 30, 2018. Expenses are recognized when services are performed by the contract research organizations."

The $4M and $3M aren't "owed"...they represent the value of services contracted by the Company that have yet to be performed as of the statement date.

[kfcyahoo]

In response to daubersup post #248112:
"In the K it said we owed approx 4 million to CRO now it says 3 million. So we paid 1 million? Plus we paid 1 million to B manufacturer. That is my guess."

I must of missed it, ty. Could you be so kind to sight the pages, or reference them, where that info was revealed?

Some have more time than others... I expect LR to come to the rescue:).