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RE:RE:RE:RE:quater

[StocksFTB]

Drwong tos has always booked revenue when sterilizers are shipped.  

I understand rumble introduced some new programs that may impact blended ASP but we do not have any details on those programs so I will stick with my historical disclosed estimate of $100,000 per unit until i have definitive evidence on how those programs are impacting things. 

Forward looking estimates are important, but given your comments about lower up front sales prices and the current burn rate of this company you should realize that this company could easily have a liquidity crisis and require financing.  Focusing on future PO's while excluding Q4 results as backward looking would not be wise, especially if sales prices are declining, you can look at Po's but you also have to consider the cash flow or lack thereof that this company is generating especially if it reduces upfront prices from $100,000 to something less  

Yes finished inventory went up to $2.46 million in the last quarter,  I was just speaking about the accounting variation that I thought was due to the $6 million licensing fees being amortized over the remaining inventory but were acctually due to warranty provisions being reversed.  If you look at Q3 Cost of sales was negative 394k despite the fact that that they sold 4 units as they reversed $800k of warranty provisions so gross profit ended up being higher than revenue.  I assume that this warranty provision was one time, although with this company who knows.