Liu Boyu had concerns about there being additional salons in the same plaza as Escondido. I explained the different types of clients that go to the salons.
September balance sheet says the supplies purchase is 18k. That's really high. Answer: More than likely it is an inventory adjustment. Todd is making period adjustments to inventory because they don't adjust it each month. So you're seeing several months of usage showing up in one 'adjustment'. We don't really like the way it is being represented in the P&L as an expense, it should (I think) just remain on the balance sheet. This is something Maria (Financial Controller) and Todd (Accountant/Bookkeeper) are working on.
He wants to know how much additional capital is needed. Send him the plan next week after meeting with Maria.