Replies to post #276572 on Kraig Biocraft Laboratories Inc (KBLB)

[arachnodude]

You're on the right track. Especially with KBLB's "Contract to Produce" model.

it would be in Spydasilk's possession...and we wont get paid for it until spydasilk launches and sells product so it wouldnt show up as revenue...

Others are doing their best to muddy the waters, once again. But, you got it nailed!

[WebSlinger]

<< .is there a 10q or 10k that shows what happened to that 25 kilos that was made in Dec? >>

Yes, the ~10-kilo hank 1st showed up in inventory back in the 2023 10-K posted in Mar 2023. It says it was worth $6,580 (or about $660 per kilo).

[DimesForShares]

Yes. The inventory went up from $6,580 in Q3/2023 to $6,884 in Q4/2023, but then has remained stable at $6,884 in Q1/2024.

If KBLB shipped silk to Spydasilk, the silk might not be considered to be “inventory” in the sense of it sitting in their warehouse, but it is still an asset that KBLB would need to show somehow on their financial report. My guess is they would continue to show it as ‘inventory,’ but it would have to be accounted for somehow.

Conclusion: no silk was produced in Q1, 2024. Not one single kilo.

Oops.