VIDWRX INC SMDWF

RE:RE:RE:RE:RE:Backlog

[TAswing1]

Definitions

Sales Bookings measure the total value of videos ordered in the period, and Sales Backlog measures the total value of video sales from all periods to-date but not yet completed. For a video order to be included as a Sales Booking, an order must be received from a client, and a deposit paid or, in cases where the client is deemed credit-worthy, be reasonably assured. Sales Bookigs are recorded when a video is ordered. Revenue is recorded when a video is completed

Sales Bookings and Sales Backlog are used by the Company as leading indicators and measures of sales performance, while Revenue is a lagging indicator measuring production activity.

TAswing1 wrote: Backlog
This is the total dollar value of all videos sold to date but not yet completed.

SmartmoneyGE wrote: what we need to understand: Is Backlog 

a. commitments from customers that are a sure thing and will be fulfilled and paid no matter what 
or 
b. commitments from customers that are imminent but are postponed due to company inefficiencies ?
Does anyone know and can help to clarify ?