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This excerpt taken from the WAVE 10-Q filed May 7, 2009. Revenue Recognition, when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed
or determinable and collectibility is reasonably assured.
For software arrangements, or in cases where the software is considered more than incidental and is essential to the functionality of the hardware or the infrastructure products, revenue is recognized pursuant to American Institute of Certified Public Accountants (“AICPA”) Statement of Position (“SOP”) No. 97-2, This excerpt taken from the WAVE 10-Q filed Nov 7, 2008. Revenue Recognition We have derived revenues from the following sources:
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For arrangements that do not contain software or embedded software that is incidental to the arrangement, we recognize revenue in accordance with the basic principles in SEC Staff Accounting Bulletin (“SAB”) No. 104, This excerpt taken from the WAVE 10-Q filed May 8, 2008. Revenue Recognition, when persuasive
evidence of an arrangement exists, delivery has occurred, the fee is fixed or
determinable and collectibility is reasonably assured.
For software arrangements, or in cases where the software is considered more than incidental and is essential to the functionality of the hardware or the infrastructure products, revenue is recognized pursuant to American Institute of Certified Public Accountants (“AICPA”) Statement of Position ("SOP") No. 97-2, | EXCERPTS ON THIS PAGE:
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