Per the Quarterly is there an error on listed value of inventory? In Section 5 of the the written description, inventory value is stated as $746,400. Yet the Balance Sheet lists inventory value at $1,269,406.
And further, what about the inventory value of the estimated $5 Million valuation LaBron James jersey recently acquired with 100,000,000 MDCE shares which is shown as an MDCE "stock issued for Inventory" purchase transaction.
Is inventory value based strictly upon only the company's cost to acquire said inventory, therefore the LaBron jersey's estimated $5M not considered, but only the $1,000 stock par value used to purchase the jersey? If so, for accounting purposes the LaBron jersey is valued at just $1,000. Can anyone clarify?
Still though, as above, the discrepancy of the Quarterly's stated inventory value.
.
News 
Market Data 
Discover 
