FormerXBC Inc XEBEQ

Extraordinary means not typical ie non recurring

[Clarifier]

The difference in revenues is mainly due to the following extraordinary items, all of which occurred within Xebec's Cleantech business segment:

 List of Extraordinary Items Impact on Revenue Xebec underwent a detailed review of its fixed price contracts for renewable natural gas (RNG) projects, where revenues are recognized based on the percentage of completion method. As a result of its review, Xebec determined that: Previously incurred expenses represented a lower percentage of total costs than previously estimated, and previously recognized revenue is required to be adjusted to reflect the revised percentage of completion for contracts that remain profitable under Xebec's updated estimates. $5.6 Million Some of the contracts previously estimated to be profitable are now projected to result in losses. The percentage of completion method requires that the losses on such contracts be recognized immediately. Cancellation of the sale of two systems for which approximately 50% of the revenue was already recognized based on the percentage of completion method. $5.4 Million Reversal of revenue previously recognized based on the percentage of completion method due to the deteriorating financial position of a client where collection for payment became uncertain.