Navigation Links
NutraCea to Restate Financial Statements for 2007 and 2008
Date:2/23/2009

ny also determined that a $2.0 million sale of its RiceNShine product in December 2007 did not meet accounting requirements applicable to recognition of revenue in bill and hold transactions and that the transaction should not have been recognized as revenue in the Company's 2007 results. However, the Company expects that approximately $2.0 million in revenue will be recognized in the Company's for 2008 and possibly 2009.

Olga Hernandez-Longan, CFO said, "Our goal now is to complete the accounting review and restatement process, file our restated 10-K for the period ended December 31, 2007, and restated 10-Qs for the affected quarters in 2007 and 2008 in addition to finalizing and filing the 2008 10K. This will allow us to direct all our efforts toward our core operations. We also intend to implement any remedial measures recommended by the Audit Committee as promptly as possible, as well as ensure all key controls are in place to prevent any future restatements. We will continue to look for ways to help ensure that our operations are conducted with complete transparency and adherence to the highest standards."

The Company and the Audit Committee are continuing to assess the preliminary findings of the investigation and are also assessing the effect of the restatement on the Company's internal control over financial reporting and its disclosure controls and procedures. Further investigation and assessment may result in additional matters that require restatement for the periods referenced above, or for additional fiscal periods. The Company will not reach a final conclusion on the restatement's effect on internal controls and disclosure controls and procedures until completion of the investigation and restatement process. The Company expects to implement remediation steps in connection with the ultimate conclusion of the investigation.

Company Voluntarily Reports Internal Investigation to S.E.C. and is S
'/>"/>

SOURCE NutraCea
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. NutraCea, FedEx and Feed The Children Team Up to Provide Food Aid to Families in Need in Brazil
2. NutraCea Announces Third Quarter 2008 Financial Results
3. NutraCea Announces Third Quarter 2008 Conference Call
4. Mike Bridges Takes Home Four Gold Medals at IPF Masters World Powerlifting Championships; Says NutraCeas RiSolubles(R) is an Essential Part of his Training Regimen
5. U.S. Chamber Recognizes NutraCea for Strong Corporate Stewardship
6. NutraCea Announces First Quarter 2008 Financial Results
7. NutraCea to Host First Quarter 2008 Conference Call on May 12.
8. NutraCea Announces $20 Million Securities Offering
9. Demand for NutraCea Rice Bran Oil Prompts Major Expansion of Irgovel Plant Ahead of Schedule
10. NutraCea-Sponsored Study Demonstrates Benefits of Replacing Wheat Flour with Stabilized Rice Bran (SRB) in Battered and Fried Product Applications
11. NutraCea Appoints New Chief Financial Officer
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/2/2015)... Los Angeles, CA (PRWEB) June 02, 2015 ... "100K Factory" system was released to public yesterday, ... around the Internet. HonestyFirstReviews.com's senior product reviewer Tiffany ... posting a detailed review of the course on ... of training courses available for Internet marketers looking ...
(Date:6/2/2015)... 2015 On Wednesday, May 27, 2015, professional ... a top speed of 207.9 mph. In the process, ... break the 200 mph mark. Jay Leno was on ... episode of Jay Leno’s Garage, which will air on CNBC ... 8.5 mile high speed oval at the Continental Tire Proving ...
(Date:6/2/2015)... (PRWEB) June 02, 2015 UCLA Health ... of intent to partner and expand urgent care services ... to approval by the University of California Board of ... transaction will allow UCLA Health to purchase a minority ... Beverly Hills, Calabasas, Newbury Park and Northridge and creates ...
(Date:6/2/2015)... 2015 TMG Health, the leading national ... in the Medicare Advantage, Medicare Part D, and Managed ... exhibitor at AHIP’s Institute 2015, the annual meeting of ... conference will be held June 3-5 in Nashville, Tenn. ... opportunities for attendees to schedule private discussions with senior ...
(Date:6/2/2015)... On October 1, 2015 the transition ... delay. , On Monday, June 1st Congressman ... House Ways and Means Committee, and 12 members of ... and Medicaid Services, urging the administration to provide a ... ICD-10. ICD-10 is the newest coding system for healthcare ...
Breaking Medicine News(10 mins):Health News:100K Factory - Review of Aidan Booth and Steve Clayton's New IM System Published 2Health News:774 HP Hennessey Mustang Tested to 207.9 mph 2Health News:UCLA Health Partners With Exer - More Than Urgent Care 2Health News:TMG Health to Sponsor and Exhibit at AHIP’s Institute 2015 2Health News:HomeTown Health Launches a “100 Day Countdown” in Response to ICD-10 Survey 2Health News:HomeTown Health Launches a “100 Day Countdown” in Response to ICD-10 Survey 3Health News:HomeTown Health Launches a “100 Day Countdown” in Response to ICD-10 Survey 4
... 2006 was $8.9 billion against the need of $14.9 ... strategies to maximize the treatment and prevention strategies for ... address the issue through cost benefit and cost effectiveness ... Wednesday, September 13 to Friday, September 15, 2006 in ...
... plastic surgeons, 'Plastic Surgery 2006' is to concentrate on the ... to be held on October 6-11 at the Moscone Convention ... than 6,000 doctors, medical personnel and exhibitors in the field ... Surgery 2006 would cover the topics varying from the latest ...
... is out in the sun, sunscreen should be applied at ... not using any in the first// place. ... California at Riverside. She and her colleagues exposed human skin ... were covered with three common UV filters found in sunscreens: ...
... as a part of it. However, the possibility of ... power stations and flu pandemic// has generated public disbelief ... to re-build trust in politicians and scientists. ... from emotions and not logic, particularly, when the apparent ...
... Zealand have found a unique way of letting ... vice. Church bells rang in Nelson and Timaru ... is followed worldwide on the ninth day of ... of Fetal Alcohol Syndrome. Organizer Molly Aitchison said ...
... of potent herbs, has now uncorked a new product: herbal ... Jhalak Thapa, a resident of tourist town Pokhara in western ... ,For many families, alcohol is an integral part ... of local liquors thrive in Nepal's markets along with foreign ...
Cached Medicine News:Health News:International Conference on The Costs And Benefits of HIV/AIDS Interventions in Developing Countries to be hosted by Harvard 2Health News:Annual Conference Of Plastic Surgeons In US To Focus On The Future Of Plastic Surgery 2Health News:Danger and insecurity in contemporary life 2Health News:Nepal Uncorks 'Herbal Wine' 2
(Date:6/2/2015)... June 2, 2015 The Canadian Society for Vascular ... tests, treatments or procedures that are commonly ordered ... part of Choosing Wisely Canada.  The list identifies ... conversations between patients and physicians about what care ... for Vascular Surgery,s list identified the following five ...
(Date:6/2/2015)... -- Research and Markets ( http://www.researchandmarkets.com/research/5tzcx6/specialty_enzymes ) has announced ... Strategic Business Report" report to their offering. ... End-Use Applications: Pharmaceutical & Diagnostics, Research/ Biotechnology, and Others. ... Canada , Japan ... , Latin America , and ...
(Date:6/2/2015)... PITTSBURGH , June 2, 2015 ... technology (HIT) consulting firm, today announced the celebration ... organizations served throughout the U.S., since its inception ... for a skillful workforce in the healthcare technology ... resources with a company-wide dedication to facilitating clients, ...
Breaking Medicine Technology:As part of the Choosing Wisely Canada campaign the Canadian Society for Vascular Surgery releases list of commonly used tests and treatments to question 2As part of the Choosing Wisely Canada campaign the Canadian Society for Vascular Surgery releases list of commonly used tests and treatments to question 3As part of the Choosing Wisely Canada campaign the Canadian Society for Vascular Surgery releases list of commonly used tests and treatments to question 4Specialty Enzymes - Global Strategic Business Report 2015: Indispensable to the Pharmaceutical Industry 2Stoltenberg Consulting celebrates 20 years of healthcare IT consulting service 2Stoltenberg Consulting celebrates 20 years of healthcare IT consulting service 3
... 23, 2012 IRIDEX Corporation (NASDAQ: IRIX ) today ... 2011 financial results after the market closes on Thursday, ... Company will host a conference call with the investment community at ... Thursday, March 1, 2012 to discuss the results of ...
... 2012 A United States federal judge in New ... conglomerate 3M against Harvey Boulter, the CEO of investment fund manager ... dispute. The claims made by 3M that Mr Boulter ... Vindication for Porton Group in New York follows the decision earlier ...
Cached Medicine Technology:Blackmail Claims Against Harvey Boulter Thrown out of Court 2
... The Stryker Threaded Dilator ... yet another choice for ... Dilators provide compaction reaming ... compaction of bone within ...
... The Arthroscopy Scissor is ideal for excising ... tissue debris in the joint. The serrated edge ... as well as hold tissue within the jaws ... left and right jaw curvatures, are the perfect ...
... I Instrument program offers state-of-the-art quality in ... maintaining strength and durability. Low profile cutting ... joint spaces. Series I instruments are available ... size and angle required for large and ...
... Instrument program offers state-of-the-art quality in an ... strength and durability. Low profile cutting tips ... spaces. Series I instruments are available in ... and angle required for large and small ...
Medicine Products: