They finally got rid of the internally generated IP they accounted for post ETW re-listing when they shouldn't have. This has been fixed and caused the loss to go up by $8.7 million. I spoke to Gavin about this two years ago.
Regarding revenue, refer to note 14.:
At the end of the reporting period, the Company received a purchase order for $131,000. This amount was not recorded as revenue during the period due to the Company’s revenue recognition policies and accounting procedures. After the reporting period, the Company received $194,000 in purchase orders for flame retardant (FR) chemistry. Both of these purchase orders will be recognized as revenue during the next fiscal year.
Ann: Preliminary Final Report, page-12
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