Some dot points to consider based on annual report.- Accounts...

Some dot points to consider based on annual report.

- Accounts receivable (trade debtors) from customers stood at $291k as at 30th June 2022
- It was only $12k as at 30 June 2021
- Accounting policy note states that accounts receivable are generally due for settlement within 30 days
- Could the actual product sales figure for the month of June 2022 been around say $250k allowing for some May 2022 debtors still owing ADO
- Could the annualised product sales figure for 2023FY be heading towards $3m ($250k x12) - assumes no bulk end of financial year orders from existing customers
- What is the product cost per unit to ADO of a EuGeni reader as the company is holding $1.4m worth of readers as at 30th June 2022
- Are the readers for sale? Should have been treated as current assets as stock on hand at cost.
- Are they for handing out to potential customers to evaluate or generate interest in consumable ADO products?

Just trying to identify some positives (read hope) from the carnage to the share price