Xtract One Technologies Inc. T.XTRA

commercialized product Rev. to date- some $67,528 That's it

[mrpancake]

Feb 2020 – April 2020 “This revenue consists of $725,525 from the sale of the PATSCAN platform…Revenue recognized in relation to the PATSCAN platform is early-adopter revenue, and not commercialized product revenue… The Company has recognized $725,525 in revenue related to the sale of the PATSCAN platform to Innovative Solutions Canada… See: Sedar MD&A Three and nine months ended April 30, 2020 Let me translate here it means ZERO PATSCAN REVENUE was sold to an interested customer what did they have at one time 9000 contacts? Was the Ohio School "event entry" one of the early adaptors paid for using Innovative Solutions Canada funds? 

May 1^st- July 31^st 2020…. ZERO PATSCAN REVENUE SEE: MD&A For the years ended July 31, 2020 and 2019
Aug. 1^st- Oct. 31^st 2020… ZERO PATSCAN REVENUE SEE: MD&A- Three months ended October 31, 2020
Nov. 1, 2020- Jan. 31^st 2021 ZERO PATSCAN REVENUE SEE: MD&A Three months…ended January 31, 20
Feb. 1 – April 2021  WOW! $67,528  PATSCAN REVENUE 
When you read in various MD&A,  $308,548 of deferred revenue recorded exclusively relating to the sales of the PATSCAN offerings, this is simply revenue paid in advance from the R&D grant money last year. Don’t be fooled by it. The only real revenue ever recorded from PATSCAN was the $67,528 as of April 2021. What happened to the revenue from the Ohio School event Centre install? This is very strange unless the work was paid for with Innovative Solutions Canada (R&D) funds? If so, that would explain why there was no PATSCAN revenue showing when the system install was completed last fall 2020.
Just to summarize, commercialized product revenue for roughly the three years prior to April 2021 amount to a whopping -$67,528- . With losses of over $3 MILLION a quarter and about $15 MILLION funds left including recievable as of April 30, 2021, you have to wonder what July 31^st year end numbers will look like for period ending July 31st 2021

Recall from the period ending April 2021… $3.1 Million operating loss
That loss would have been larger had they recognized assets which should be written down or written off completely as a loss 

$3.685MILLION loss from expected "sale" of SoTech... still listed as asset
$7 MILLION balance sheet as Intangible assets- small amount  of that amortized 
$25,582,433 goodwill  mainly from  Xtract purchase still fully listed as an asset

[TanzaniteMotherLode]

Pancake fake news, everything you posted might as well be fake news.  NOBODY CARES, they know what is in store for this company with the opening of the economy due to the waining of the pandemic fears, the kicking off of Bleutech Park, and the further development of the technology.

[TanzaniteMotherLode]

The stock is on the launch pad and your fake news ain't gonna stop the launch.

[TanzaniteMotherLode]

Didn't you see the countdown in my previous posts.......? https://www.youtube.com/watch?v=3L82DHQfcF8  MAJOR TOM DID!

[mrpancake]

 "everything you posted might as well be fake news." I quoted the company MD&A for that whole post so anything you regard as fake well thats something you have to take it up with Patriot One since they are the ones posting the info 

[TanzaniteMotherLode]

Isn't that what everyone says now days?  

[mrpancake]

Further to my post  "commercialized product Rev. to date- some $67,528" That $725,525 was an Innovation Solutions Canada grant  for an installation for Correctional Service Canada.  So that still leaves the revenue from the Ohio schools install unaccounted for other than possibly the quarter ending April 2021 - $67,528 CND;  I think the school board voted for the

[TanzaniteMotherLode]

Fake news, WE DON'T CARE.