Last edited by GoldenPimp : Today at 02:13 PM. (Hotstockmarket)

In this statement, they were talking about calendar year 2007, not fiscal year 2007. Calendar year 2007 ends next month in December.......If you look back at prior statements, they said the same thing last few quarters. They have not updated their statements.

From the CC, we were told that revenue has been delayed for one or two quarters. We won't see the numbers until summer 2009. And this is why we were at .17 last week.

Other things I noticed. Research and Development expense increased $15,244 as compared to last quarter (1st 2007). I guess either EKO-FLR went back to the drawing boards for redesign, or they are investing in new ideas.

Insurance expense increased.

Office rent is about $3,000+ a month, they paid $0 last quarter. I guess they were behind on their rent payment, this quarter they paid $6,297 which I assume made up of both quarters.

Fix assets increased a little.

Their sales decreased from last quarter (1st 2007), BUT their accounts receivable actually INCREASED while cash decreased by $67,938. This is telling me the increase of AR is not because of sale, its because they are not collecting their cash from customers as fast as they should. Start sending out some past due notices.

I am not a financial statement analysis, just my 2 cents on what caught my attention.

The container repair business is making about $2 million revenue a year, I am ok with that. Net Income is positive, thats all it matters.