PFSD: Pacific Sands, Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : PFSD: Pacific Sands, Inc.

PFSD 0.000200

0.0%

Jan 31 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Peter Dierks who wrote (47)	9/29/2006 5:39:52 PM
From: Qone0	Read Replies (1) of 55

It would not have been profitable without the A/P write off of $39,915. True but that washed against this old bad debt the way I read it. Did it not? Approximately 10% of our total expenses for the year reflect a one-time write-off of what management now believes to be a noncollectible debt from an invoice generated by previous management. This debt is owed to the company from an invoice generated by former management dated January 17, 2002 for a prototype project called the Hurriflow Wastewater System. For the fiscal year ending June 30, 2006 the company wrote off the final $59,551 of this invoice.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next