AERT annual report reveals going concern qualification.Advanced Environmental Recycling Technologies Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and Inc. of Springdale Springdale, city (1990 pop. 29,941), Benton and Washington counties, NW Ark.; inc. 1878. It is a poultry-processing center, and there is vegetable canning, printing, and the manufacture of air conditioning ducts, metal and paper products, machinery, transportation said its consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge for fiscal 2008, included in the company's annual report filed with the Securities & Exchange Commission on March 30, contained a going concern qualification from its independent registered public accounting firm. The auditor's consideration of an entity's ability to continue as a going concern is just that--an explanatory ex·plan·a·to·ry adj. Serving or intended to explain: an explanatory paragraph. ex·plan paragraph reflecting the auditor's substantial doubt about the company's ability to continue as a going concern for a reasonable period, not to exceed one year beyond the date of the financial statements being audited. The evaluation is based on knowledge of relevant conditions and events obtained from the auditing procedures performed during a financial statement audit. Nasdaq Marketplace Rule 4350(b)(1)(B) requires separate disclosure of a recent audit opinion that contains a going concern qualification. AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team posted a $35.9 million loss last year and has struggled to stay listed on the Nasdaq market as its share price continues to languish beneath the $1 threshold. |
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