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: Work-in-process

Patriot Scientific

almost 13 years ago

Work-in-process

Patriot Scientific

almost 13 years ago

At August 31, 2011, work-in-process consisting of recognized revenue on PDSG’s current contracts was $574,616 and invoices to customers were $452,256. At May 31, 2011, work-in-process consisting of recognized revenue on PDSG’s current contracts was $455,381 and invoices to customers were $424,800. These amounts are shown on our August 31, 2011 and May 31, 2011 balance sheets at net of $122,360 and $30,581, respectively, due to their immateriality.