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: Please read this post in it's entirety, I don't want ..roses
Patriot Scientific
over 16 years ago
0
in response to rosesny1's message

"Now if TPL did that would PTSC then recognize money received over 8 years in the current quarter? Of course not. "

As long as all of the rquirements that someone previously posted were met (performance complete, collectible, amount determined) yes, PDS would record that as a receivable, and thus current income.

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FutTheWuk
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