I suggest you reconsider your position. Assuming this is actually correct "Had there been any contingency of a material nature it would have had to have been so noted pursuant to FASB pronouncements.", you have to consider the context and intent in their use of the word "contingency". Are they talking "on the successful delivery of product" type contingency, or the "the company bought a thousand lottery tickets" type contingency? I strongly suspect the former, and it is obviously commonplace that payment for product or services come upon successful delivery of same, perhaps by a date certain. So CONTINGENT on full and timely delivery, the company will receive X dollars - would be notable.

JMHO,

SGE