Note 3 - Summary of Significant Accounting Policies: Revenue Recognition (Policies) |
12 Months Ended |
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Dec. 31, 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 will 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 year ended December 31, 2019 and 2018, the Company had no revenue. |
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- References No definition available.
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- Definition Disclosure of accounting policy for revenue. Includes revenue from contract with customer and from other sources. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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