MariMed Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

NOTE 4 - DEFERRED REVENUE

NOTE 4 - DEFERRED REVENUE	11 Months Ended
Dec. 31, 2011
Notes to Financial Statements
NOTE 4 - DEFERRED REVENUE	NOTE 4 – DEFERRED REVENUE Deferred revenue represents advance payments for the license, the design and development of the software, content and related technology for the creation of an interactive, 3D entertainment portal on the internet. During the period herein, $50,000 worth of services was provided leaving a deferred revenue balance of $226,950.

NOTE 4 - DEFERRED REVENUE

11 Months Ended

Dec. 31, 2011

NOTE 4 – DEFERRED REVENUE

Deferred revenue represents advance payments for the license, the design and development of the software, content and related technology for the creation of an interactive, 3D entertainment portal on the internet. During the period herein, $50,000 worth of services was provided leaving a deferred revenue balance of $226,950.

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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