RE:RE:RE:RE:reading sedarArmchairAnalyst99 wrote: I guess I should quit CPA and look at investopedia on how to record revenue eh. A sale means revenue.
Not sure how this started, but if no amounts are currently due then nothing is booked. If the majority of revenue is from a license arrangement which is what it apoears to be, then booking revenue can be deferred simply by not auditing customers for royalty attestation this quarter. What I see in the report is revenue from the initial work only. I see no evidence they have received any trailer revenue from anything. If you're a CPA, do you agree with that assessment, or am I out to lunch? I want to see trailer revenue flowing, and I don't see any yet. That either means it's not coming or we are only looking at the tip of the iceberg and frankly SEV hasn't shone any light on this.