It will be interesting to see what the exact sales figures and gross profits will be on those three sales when they are finally booked.
In the past, I believe it was their policy to take 1/2 payment before manufacturing began, and the other 1/2 was needed to release the KDS for shipping.
Current deposits on sales are showing $376,635, and they had projected over $600,000 in gross revenue on these three sales.
Even if all of the inventory showing on the balance sheet is used for these sales, that would be $249,651 of costs applied to these sales. Will also have to see if there are any subsequent additions/subtractions to this number.
Otherwise, gross profit on these three sales would then be $350,000+, when the sales are booked based on.......$600,00-$249,651.
And current quarterly expenses after gross profits are now hovering around $200,000.
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