Replies to post #160566 on Verb Technology Company Inc (VERB)

[Real McCoy]

This means that, according to the SEC, revenue should not be recognized until:

“Persuasive evidence of an arrangement exists.”

“The seller’s price to the buyer is fixed or determinable.”

“Collectibility is reasonably assured.”

“Delivery has occurred or services have been rendered.”

This is what I already said.

[TenKay]

Umm...that link ENTIRELY supports what he said.

And as has been pointed out a number of times “revenue” is either recognized or it is not. If it is not recognized, but cash has already been received it is booked as “deferred revenue”. If cash has not been received and the service has been delivered and payment is reasonably assured then it can be recognized as revenue.

That’s it...no other category of “revenue”.

And in Q4 the revenue AND deferred revenue BOTH showed a DECREASE from Q3.