Summarized balances at the end of third quarter:

Current Asset $6,500.00

Non-current Asset $23,500,00

Current liabilities $5,100,000

Non-current liabilities $13,100,000

Shareholders' equity $11,800,000

During the third quarter, (Pran co follow ASPE) completed a deal with one of the Canadian territories to supply outdoor recycling bins. The final design is based on an existing Woodland product that has been modified to meet the rigours of the cold Canadian winters in the far north. No Woodland product has ever been used under these conditions but the company tested the product extensively in the extreme-weather facility at the University of Ontario Institute of Technology, and management is confident that the product is well designed for the conditions. Woodland has provided the territory a two-winter guarantee that it will replace any bins that are broken or damaged due to weather conditions. The contract price is $750,000 and the bins cost $475,000. The revenue was recognized in the third quarter. Woodland expects payment for the bins within 60 days of the end of the quarter.

Can co. recognized 100% revenue in accordiance with aspe and does it affect with current ratio and debt to equity ratio.