Replies to post #27083 on Baristas Coffee Company, Inc. (BCCI)

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Good, job Bob.

I also would like to point out to one thing. This company is in the hospitality industry--food and beverage sector. The accepted accounting principles for financial released include all the expense of each location in the "Cost of Doing Business" line of accounts. As such, the expense under that line constitute around 80% of revenues, since it includes payroll, equipment, rent, insurance, utilities and other expenses attributable to that particular store. BCCI does not do that. It only includes supplies on that line of accounting, and bunches the rest together under the line of accounting under "General and Administrative". This would not be accepted anywhere, and no certified accountant, even if crooked, would conduct and audit that does not properly account for expenses under the right category. No accountant would be that foolish. Until Barry Henthorn address that issue properly, and revises the financial release in a transparent fashion, it is all garbage.