Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)

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Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)
6 Months Ended
Jun. 30, 2019
Policies  
Revenue Recognition

Revenue Recognition

 

We will recognize net product revenue when the earnings process is complete, and the risks and rewards of product ownership have transferred to our customers, as evidenced by the existence of an agreement, delivery having occurred, pricing being deemed fixed, and collection being considered probable. We record pricing allowances, including discounts based on contractual arrangements with customers, when we recognize revenue as a reduction to both accounts receivable and net revenue.

 

For six months ended June 30, 2019 and 2018, the Company had no revenue.