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BoeingOrIAintGoing

02/20/14 9:20 AM

#150142 RE: runandadd #150125

Not that I am aware of. We know the part of it that came from GTCL because it was listed in a footnote of (I believe it was) the income statement. But that's about it.

BoeingOrIAintGoing

02/21/14 11:52 AM

#150151 RE: runandadd #150125

The accounts receivable from related party at September 30, 2013 reflects trade receivables from Global Telesat Communications, Ltd. (“GTCL”) of $20,359. GTCL is a related party based in the United Kingdom and controlled by a current officer of GTC. Total sales to GTCL for the three and nine-months ended September 30, 2013 were $95,641 and $391,646, respectively, and account for 47% and 33% of GTC's total sales for the respective periods. In 2012, GTC began charging a 10% handling fee on all GTCL orders.

95,641 / .47 = 203,491 for Q3

be_real

02/21/14 12:41 PM

#150152 RE: runandadd #150125

run, no disrespect intended: I think you would know that, but on the other hand, I don't know your exact accounting background, obviously. My thought is, there is no way (with the exception of the current way those GTC numbers and data are presented in the Q and K filing) that we can discern GTC's portion of consolidated revenue. GTC is not a large enough subsidiary to require WSGI to present its numbers separately, before consolidated revenues are stated, etc. ?

Of course internally, they have it all on their Income Summary, etc, but not for us the public, to see, obviously.

All JMHO