Replies to post #30165 on Koil Energy Solutions Inc. (KLNG)

[Investor100]

This is one busy place Sulphur-Thanks for the photo's!

Fantastic to have camera's view 24/7 and see some work getting done!

Not many companies provide this type of view!


Investor 100

[JoeSmith]

Everytime I see a LARS under construction or going out the door, it reminds me of the sale-type lease mentioned in the 10QSB
filed 8/20/2007
" On May 18, 2007, Deep Down entered into a sales lease agreement with an unrelated third party. The leased equipment includes an a-frame, winching system, and hydraulic power unit, all constructed by Deep Down. The term of the lease is two years, and includes a purchase option for $35,000 at the conclusion of this term. Monthly rental payments, in the amount of $34,500 are due beginning May, 2007 through April 2009. The lease has been accounted for as a sales-type lease under the rules of FASB No. 13, Accounting for Leases."

$34,500 * 24mo = $828,000