Replies to post #5777 on Inergetics Inc (fka NRTI)

[J85]

You hit the nail on it's head imho

[crookedneck]

I'm not sure I am understanding what you are saying and it is rather confusing for myself, as this is not an area I am well versed in, however there are others here who understand this much better than I and maybe they can help clear this up. Maybe I can also try and get some clarity from Mr. James around this. What I am going by is what was printed in the last PR, where it stated the following:

Purchase orders were received and processed, the product was shipped and received by the retailer, and invoices distributed. However, GAAP accounting principles require that the full revenue secured from this agreement may not be recognized within the Company's financial statements until the first quarter of 2014.

I would have expected that they would be able to recognize the revenue in this 4th qtr instead of waiting until the first qtr of next year, so what I was surmising was purely hypothetical and nothing more. Thanks for lending to this conversation and I appreciate your insight. Cheers!