The calendar year is not necessarily the same as the fiscal year....but after considering this point, it seems to me that POET's fiscal year and quarters fall within the calendar year. I would like to hear confirmation of this though.....Mr. Chiu, could you chime in on this?
MC (nabba is nabba)
Definition of 'Fiscal Year - FY'
A period that a company or government uses for accounting purposes and preparing financial statements. The fiscal year may or may not be the same as a calendar year. For tax purposes, companies can choose to be calendar-year taxpayers or fiscal-year taxpayers. The default IRS system is based on the calendar year, so fiscal-year taxpayers have to make some adjustments to the deadlines for filing certain forms and making certain payments. In many instances, even fiscal year taxpayers must adhere to the calendar-year deadlines.
