KCCO- not sure of their revenue recognition and what terms, if any, they are giving or will/would give to any potential clients, but I would imagine if they ship they book a receivable and recognize the revenue, no? Under accrual methods they wouldn’t need to record revenue only when payment is received, but rather when an order is received or products shipped. I have no idea of any of LWLG’s specific revenue recognition policies, but I would be interested to know when they would consider a sale to take place if they have shipped product.
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