" Even if we sign a contract today to produce $10M
Post# of 22940
Posted On: 06/09/2016 1:28:32 PM
Re: SmallTime4Now #9147
" Even if we sign a contract today to produce $10M worth of bearings, we would not see that revenue in a 10-Q until after the bearings are delivered, payment is made, and then reported "
True, but TPAC has recently been taking advantage of licensing agreements, two if I recall, and revenue on those could be realized much more quickly. GAPP is accrual based not cash based so TPAC could report the revenue even if it hasn't actually received the cash yet. If revenue from the licensing agreements shows up on this 10q we could be off to the race sooner then expected.
True, but TPAC has recently been taking advantage of licensing agreements, two if I recall, and revenue on those could be realized much more quickly. GAPP is accrual based not cash based so TPAC could report the revenue even if it hasn't actually received the cash yet. If revenue from the licensing agreements shows up on this 10q we could be off to the race sooner then expected.
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