Q1. How does the company account for the plants it
Post# of 2219
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Posted On: 09/28/2018 1:30:32 PM
Q1. How does the company account for the plants it grows? They don’t appear as assets on balance sheet.
A.1. The Company has concluded to expense these costs instead of capitalizing them (making them assets) as the Company does not yet has proven that such costs incurred will have success in growing or cultivating cannabis since no sells have occurred . The Company is a startup in this cultivation and until success is proven, the Company will continue to expense these costs until the Company has initial success in cultivating cannabis.
Dated: September 21, 2017
A1. From August 1, 2017 through August 7, 2017, the Company generated approximately $140,400 from 117 pounds harvested.
https://www.sec.gov/cgi-bin/browse-edgar?acti...p;count=40
Why would intelligent investors not questing filings like these?
A.1. The Company has concluded to expense these costs instead of capitalizing them (making them assets) as the Company does not yet has proven that such costs incurred will have success in growing or cultivating cannabis since no sells have occurred . The Company is a startup in this cultivation and until success is proven, the Company will continue to expense these costs until the Company has initial success in cultivating cannabis.
Dated: September 21, 2017
A1. From August 1, 2017 through August 7, 2017, the Company generated approximately $140,400 from 117 pounds harvested.
https://www.sec.gov/cgi-bin/browse-edgar?acti...p;count=40
Why would intelligent investors not questing filings like these?
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(4)Sunset Island Group, Inc. (SIGO) Stock Research Links
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