Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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Message: Re: Rick are these in the Numbers or NOT !!
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Apr 11, 2008 07:42AM
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Apr 11, 2008 08:06AM

Our 10Q only has to include our share of PDS revenue/exp on one line of our financial statement:  'Equity Earnings in Affiliate".  Thus, we can only report our share of what PDS booked.  So if PDS did not book Feburary's announced licenses in February then it is impossible for us to book our share of them. 

This all then leads to the next question (that I postulated yesterday):  What is PDS's revenue recognition policy?  It seems it may vary from ours in that licenses announced in February would likely have been booked if PDS followed PTSC's revenue recognition policy. 

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