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  "docSlug": "62a680ba117e",
  "documentTitle": "Intelligent Systems Corp (INS)",
  "authorId": "62_Grizzly_Research",
  "authorName": "Grizzly Reports",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-05-30 00:00:00",
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  "notes": "The slide uses forensic accounting and corporate registry data to challenge the legitimacy of revenue and independence of a business partner.",
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      "kind": "callout",
      "text": "Because New Vision is a related party, we do not believe that these revenues to Flexopt actually represent true economic transactions.",
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      "kind": "paragraph",
      "text": "As you can see, New Vision sold large amounts of services to Flexopt, with very little happening the other way around. Because New Vision is a related party, we do not believe that these revenues to Flexopt actually represent true economic transactions.",
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      "kind": "source-note",
      "text": "Source: New Vision FY 2017 (ended 3/31/18) Financial Statements. Source: zaubacorp.com",
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      "kind": "table",
      "text": "List of companies associated with Anupam Pathak including GTS Telecom, ISC Software, and Flexopt.",
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      "text": "Related party transaction table showing Flexopt Technology Pvt Ltd transactions with New Vision.",
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      "kind": "title",
      "text": "Flexopt was Founded by an INS Employee",
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      "evidence": "Detailed analysis of various related party transactions and red flags.",
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      "parentBeatName": "Development",
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