Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.
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Re: installment payments
Patriot Scientific
over 16 years ago
0
in response to emtnester's message
Not true if all events required to fix their liability to make payments have not yet occurred.  Eg., PTO exam finalization.  In that case, no revenues are recognized or receivables booked until the events have taken place.
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uvagrad
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