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Brekford Corp. Message Board

  • jerrybutler13 jerrybutler13 Nov 19, 2013 11:32 AM Flag

    If the contract is voided and BFDI gets all the camera money back...

    Which is what I think will happen, then what is the value of BFDI? 14 cents seems low.

    Sentiment: Hold

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    • Not sure, but is the 'camera money' already somewhere in the Assets on BFDI's balance in Accounts Receivable or 'Property Plant and Equipment''? If its money that both BFDI and Baltimore agrees is owed to BFDI, then I guess its in one of those two accounts. If its in A/R, then its already accounted for.....and its in PP&E, then it would provide BFDI with a nice cash cushion.

      If its currently nowhere on BFDI's balance sheet......I guess you're saying the service for the cameras/software was already provided by BFDI and expensed as a cost of services to be rendered, but if the contract is nullified then the service will not be rendered, so BFDI should be recompensed? That would be a nice windfall.

      Anyway, I just think if it was agreed upon that Baltimore would repay BFDI for the cameras/software, it should already be somewhere on the balance sheet as an asset......but I could definitely be wrong.


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