plagued .............I sure am glad you are not my accountant. The moment the alloys are shipped out of the plant and invoiced, that transaction is recorded as Sales in the Revenue Account and Account Receiveable and in some cases accounts are prepaid which well may have been the case in LCM's provision in preparing the alloys in specific specifications.
Related expenses are also recorded in the Expense Account in respect to that production providing an indication of profitability or loss. Also known as an Income Statement. Yes, there will be transaction recorded and volume in the 4th Quarter financials of 2012 and a significant increase in the 1st. Quarter 2013 financials much greater than those that were recorded in the first quarter of 2012 of $4,477,096 with a loss of ($3,057,778).