RE:RE:RE:Q1 on sedar I'm assuming additional payments will be made as per another poster's call with mgmt. but the MD&A does not say that. Lousy wording?
"The fifteen installations are all high margin installations. The initial down payment on the systems was made in March of 2020 prior to the installations. Payments will be recognized in three tranches. The first payment covers the cost of the equipment and installation with two additional payments to follow."
https://battleshipinvesting.com/co2-gro-2019-results-call-with-management/
lscfa wrote: Cost of sales $35,701 for 15 units = $2380 ea. (13.5% margin) Co. must have asked for a down payment only to cover cost of units. Additional payments should have no costs attached for 100% margin.
lscfa wrote: Revenue for the 3 months ended March 31, 2020, of $41,295 was recorded towards the installation of fifteen CO2 Delivery SolutionsTM systems at hemp greenhouses in Missouri, US. In April 2020, the Company announced the completion of these commercial system installations. Upon successful completion of one grow cycle commercial feasibility per site and satisfaction of other agreement conditions, the Company anticipates additional revenues from these hemp greenhouse growers from further system purchases.