DCG Q3 2022 Financial Statements

bfoster

New Member
Dash Core Group
May 31, 2018
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Attached is the DCG Q3 Balance Sheet and Income Statement. A couple of points to note:

1. There was an incorrect accounting entry in Q2 that overstated our marketing expenses; that was reversed/corrected in Q3 thus resulting in the negative marketing expenses.

2. The P/L is showing an unrealized gain for Dash because of the losses that were realized during the quarter (it reflects the change in unrealized G/L, not the actual losses that are still unrealized). This is standard accounting but I wanted to point it out since it looks weird seeing a positive number for this given the depreciation in price over the period.


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AgnewPickens

Administrator
Chief Sock Advisor
Mar 11, 2017
611
315
133
58
Attached is the DCG Q3 Balance Sheet and Income Statement. A couple of points to note:

1. There was an incorrect accounting entry in Q2 that overstated our marketing expenses; that was reversed/corrected in Q3 thus resulting in the negative marketing expenses.

2. The P/L is showing an unrealized gain for Dash because of the losses that were realized during the quarter (it reflects the change in unrealized G/L, not the actual losses that are still unrealized). This is standard accounting but I wanted to point it out since it looks weird seeing a positive number for this given the depreciation in price over the period.


View attachment 11526
View attachment 11527

Can you post this in Discord?
 
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AgnewPickens

Administrator
Chief Sock Advisor
Mar 11, 2017
611
315
133
58
I was asked to solicit some feedback prior to floating a decision proposal on this, I did so in Discord MNO polls, is the voter sentiment clear enough for DCG to get the message here on handling DCG Reserves, or shall I proceed with a proposal? The legacy market has rebounded over the last few weeks, can DCG just get back into cash or cash equivalents now while there is still an opening?
 

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