".... the Company purchased 49% of Minera Exar’s lithium carbonate shipped during the quarter with Ganfeng purchasing the remaining 51% of the product shipped. The Company acted in the capacity of an agent in such sales transactions, as the Company’s acquisition of title to lithium carbonate was simultaneous with the sale of lithium carbonate to Ganfeng and Bangchak and the Company was not directly exposed to inventory or price risk related to lithium carbonate...."

I am bit lost. Once you guys wake up, can somebody elaborate on how the transaction actually works? LAAC apparently sold some Li2CO3, but for some reason, they did not record the sale as revenue. Not even the "agent fee" hit the P&L.