Fasb Accounting Standards Codification And The Hierarchy - amazonia.fiocruz.br

Qualigen, Inc. Qualigen Therapeutics, Inc.

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In MayQualigen, Inc. All shares of Qualigen, Inc. Basis of Presentation. Adjustments included herein are of a normal, recurring nature unless otherwise disclosed in the footnotes. Results of operations for interim periods are not necessarily indicative of the results of operations for a full year. Accounting Estimates. Management uses estimates and assumptions in preparing its condensed consolidated financial statements in accordance with U. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. The most significant estimates Fasb Accounting Standards Codification And The Hierarchy to the estimated fair value of warrant liabilities, amortization and Hieraarchy, deferred revenue, inventory reserves, allowances for doubtful accounts and returns, and https://amazonia.fiocruz.br/scdp/blog/story-in-italian/when-rain-clouds-gather-by-bessie-head.php costs.

Actual results could vary from the estimates that were used.

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Cash and Cash Equivalents. The Company considers all highly liquid investments purchased with an initial maturity of 90 days or less and money market funds to be cash equivalents. The Company maintains its cash and cash equivalents in bank deposits which at times may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risks on cash and cash equivalents.

Inventory, Net. Inventory is recorded at the lower of cost or net realizable value. Cost is determined using the first-in, first-out method. The Company reviews the components of its inventory on a periodic basis for excess or obsolete inventory, Conversion of records specific reserves for identified items.

Long-Lived Assets. The Company assesses potential impairments to its long-lived assets when there is Hieraechy that events or changes in circumstances indicate that assets may not be recoverable. An impairment loss would be recognized when the sum of the expected future Codkfication cash flows is less than the carrying amount of the assets. The amount of impairment loss, if any, will generally be measured as the difference between the net book value of the assets and their estimated fair values. During the three and six months ended September 30, andno such impairment losses have been recorded.

Accounts Receivable, Net. The Company grants credit to domestic Fasb Accounting Standards Codification And The Hierarchy, clinics, and distributors. The Company performs ongoing credit evaluations of its customers and generally requires no collateral.

Customers can purchase certain products through a financing agreement that the Company has with an outside leasing company. Under the agreement, the leasing company evaluates the credit worthiness of the customer.]