Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Re: Sept 30

Lumenge, I suggest you read the MDA and possibly supplement your thoughts.  I'm no accountant, but it appears to me that the DL sale was taken into account as of September 30, based on the accrual method of accounting.  The language that I bolded below is baffling to me, though.  I hope any accountants among us can help us understand this better.

"The Company’s balance sheet as of September 30, 2019 reflects assets with a book value of $26,366,039 compared to $25,137,903 as of December 31, 2018. Ninety-two (91%) of the book value as of September 30, 2019, or $24,054,103, was in current assets consisting primarily of non-current assets held for sale of $22,273,376 as compared to twenty-seven percent (27%) or $6,888,264 on December 31, 2018. Cash on hand as of September 30, 2019 was $1,695,153 compared to $2,567,868 on December 31, 2018."

I guess non-current assets held for sale are current assets!  

I've had an order in to buy at $0.265 US for about a week (I keep putting it in the previous night); this morning it got filled at about $0.258 (shocked it didn't get filled at .265, the difference is not really material, just the psychology of the whole business). The order represented most of the volume so far on the US side (15k out of about 17k), so not exactly a flood of sales orders.   

 

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