Re: [BTC-TC] Virtual Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc.
Any chance exchanges starting to demand regular financial reporting from issuers? Seriously, this will help everyone. (I have asked this several times in last year or so)
I think that "They will choose another exchange" excuse has become irrelevant. Why? Because BTCT has the highest volume and best interface, with all the bells and whistles issuer or investor can ask for.
I think it'd be awesome to do an SEC style requirement that assets upload financials to the site at regular intervals. (quarterly?)
It's quite a bit of work unfortunately to make sure that uploaded files don't become vectors for virus infections or other attacks.
Why bother with that?
Make a web form, where one can add rows to Assets or Liabilities side, if needed:
Start out with:
Quick example from http://www.accountingcoach.com/online-accounting-course/05Xpg04.html
Code:
ASSETS
Current assets
# Cash 2,100 +-
# Petty cash 100 +-
# Temporary investments 10,000 +-
# Accounts receivable - net 40,500 +-
# Inventory 31,000 +-
# Supplies 3,800 +-
# Prepaid insurance 1,500 +-
Total current assets 89,000
Add row to Assets
Add row under Assets line #
Fixed Assets
# Equipment
# Less: accum depreciation
Add row to Fixed Assets
Add row under Fixed Assets line #
Total Fixed Assets
Investments
# Shares
# Bonds
Add row
Tota Assets:
Current assets
# Cash 2,100 +-
# Petty cash 100 +-
# Temporary investments 10,000 +-
# Accounts receivable - net 40,500 +-
# Inventory 31,000 +-
# Supplies 3,800 +-
# Prepaid insurance 1,500 +-
Total current assets 89,000
Add row to Assets
Add row under Assets line #
Fixed Assets
# Equipment
# Less: accum depreciation
Add row to Fixed Assets
Add row under Fixed Assets line #
Total Fixed Assets
Investments
# Shares
# Bonds
Add row
Tota Assets:
And same for liabiliteis:
Code:
LIABILITIES
Current liabilities
# Notes payable
# Accounts payable
# Wages payable
# Interest payable
# Warranty liability
# Unearned revenues
Add row etc
Total current liabilities
STOCKHOLDERS' EQUITY
#Common stock 110,000
# Retained earnings 229,000
# Less: treasury stock (50,000)
# Total stockholders' equity 289,000
Add row etc
Total liab. & stockholders' equity 770,000
Current liabilities
# Notes payable
# Accounts payable
# Wages payable
# Interest payable
# Warranty liability
# Unearned revenues
Add row etc
Total current liabilities
STOCKHOLDERS' EQUITY
#Common stock 110,000
# Retained earnings 229,000
# Less: treasury stock (50,000)
# Total stockholders' equity 289,000
Add row etc
Total liab. & stockholders' equity 770,000
"+ - " add sub row, delete row, you probably have better ideas than ASCI art allows
