Great post from Ihub. Comments welcome:
Post# of 43064
Posted On: 11/15/2012 6:38:58 AM
Great post from Ihub.
Comments welcome:
The 10Q showed $76k worth of "finished goods". I'm told by IR that this was ready-to-ship fuel, and has a market value of $250k. GAAP requires them to state the value of finished goods as the of lower of 1) total costs to produce the goods, or 2) the market value of the goods.
It is reasonable to assume that the cost to produce the goods is roughly the equivalent the COGS. (ref:
Comments welcome:
The 10Q showed $76k worth of "finished goods". I'm told by IR that this was ready-to-ship fuel, and has a market value of $250k. GAAP requires them to state the value of finished goods as the of lower of 1) total costs to produce the goods, or 2) the market value of the goods.
It is reasonable to assume that the cost to produce the goods is roughly the equivalent the COGS. (ref:
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