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Posted On: 07/09/2020 9:16:29 AM
Post# of 75037
Re: adirondackhi #63876
As we figured 'the fruits' of CBD Life will really begin 1st and more so 2nd Qtr as you said.
Dec 2019 accounted for Revenue of $20,375 with $445,925 as deferred revenue:
Per page F-15:
"....CBD
Alimentos’ initial purchase order, including a deposit of $466,300 was received in December 2018. The initial deposit of $466,300 was accounted for as of December 31, 2018 as Deferred Revenue since production and delivery of the
remaining finished product had not yet been completed. In December 2019, the Company began the manufacture and sale of beverage products to CBD Life and recorded the sale of the first truckload received by CBD Life for $20,375.
As of December 31, 2019, the remaining balance of $445,925 is accounted for as Deferred Revenue."
Dec 2019 accounted for Revenue of $20,375 with $445,925 as deferred revenue:
Per page F-15:
"....CBD
Alimentos’ initial purchase order, including a deposit of $466,300 was received in December 2018. The initial deposit of $466,300 was accounted for as of December 31, 2018 as Deferred Revenue since production and delivery of the
remaining finished product had not yet been completed. In December 2019, the Company began the manufacture and sale of beverage products to CBD Life and recorded the sale of the first truckload received by CBD Life for $20,375.
As of December 31, 2019, the remaining balance of $445,925 is accounted for as Deferred Revenue."
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