Ann: Quarterly Activities Report & Appendix 4C (Apr - Jun 2020), page-34

Composite Technology required two years of extensive research and prototyping by Titomic to guarantee the fulfilment of quality assurance requirements for the design, development and production capability of the TKF manufacturing system.
Composite Technology are also providing Titomic with certification that the defence parts made with the machines have NATO Certification.

Manifestations...JL’s imaginary friend...

If there are any Accountants out there....does this mean deposits don’t appear as revenue until Sale is finalised?
The company receiving a customer deposit initially records the deposit as a liability. Once the company performs under its contract with the customer, it debits the liability account to eliminate the liability, and credits a revenue account to record the sale. This may occur in stages, if deliverables are sent out over a period of time.
The company does not initially incur any sales tax liability when it accepts a deposit from a customer. This liability is only created once the company delivers under its contract with a customer and converts a deposit into a sale transaction.