Why is there no mention of the vaporizers in the Q
Post# of 11899
Why is there no mention of the vaporizers in the Q3?? Kinda strange because the Bionic Cigarette are not equal to all these new vaporizers (Cannacig, Cumulus etc.)... Am i missing something?
All the info seems to be for http://bioniccigs.com/
"E. Revenue Recognition
The Company recognizes revenue in accordance with ASC Topic 605, “Revenue Recognition”, which requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the fee is fixed or determinable; and (4) collectibility is reasonably assured. The Company generates revenue from consulting services which are recognized when the service is completed pursuant to a consulting agreement. For product sales of Bionic cigarettes revenue is recognized when the purchase is complete and shipping has occurred."
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