A write off is bad debt. Very unlikely when your customer base is coles, Blackmores and pumate which have made up the last few quarterlies. I won’t go as far as to say this is impossible, but highly improbable. For anybody who has dealt with big corporations will understand trading terms at first can be tough with 60, 90 even 120 day payment terms. This appears on the books most significantly upfront with first few orders when there is no other income to supplement, but overtime it overlaps and not noticeable.
Ann: Fiji Kava to be Ranged in Chemist Warehouse, page-26
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Mkt cap ! $15.07M | |||
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