Accounting Issues - Discussed here, page-6

My reading of it suggests revenue recognition is fine. Monthly revenue is only after customer is locked in. If the customer has opted for financing, then the risk is with the lender for subsequent payments.

The issue for me is the validity of their cash balance. Is the ~22mill in customer receipts a valid description?

I appreciate the need to be creative as a start up. Would be extremely hard to get a deal like this for most - so something is better than nothing. If they are able to build a sufficient balance to then stop relying on FCC would be ideal. But the question is if the current balance is really theirs. ???