Hmmm, can some CPA verify this. Seems that reservation funds are booked as liabilities. I'll have to ponder.... Agreed on Go Elio! :-)The day EM starts production and receives full payment on Elio #1 rolling off the production line is the day EM generates production revenue. EM is currently generating considerable revenue from reservations. Go Elio.
I will have confidence that production has started when EM says production has started.