NOTE 13 - Sale of Net Revenue Interest The Comp
Post# of 56323
Posted On: 05/20/2014 8:52:32 PM
NOTE 13 - Sale of Net Revenue Interest
The Company contracted for the sale of up to 25% interest in its net revenue from the facility it is currently building in Canada for a total of $20,000,000. In the quarter ended March 31, 2014, the Company had sold 7.5% of the 25% interest for $5,000,000 and recognized this sale in the revenues of the Company in this quarter.
This seems like it went under the revenues?? Can someone with more knowledge translate this for me please?
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