So about those customer receipts. it looks like as expected they're just reselling hardware and services. Likely paying iSoftStone to do the work. They made $300k on $7.6m receipts, and then still managed to lose money overall from the admin - just in China.
It mentions customer receipts of $10.8m on page 11, but that doesn't seem to add up to other revenue numbers of $9.4m mentioned throughout the document. I'm sure someone more qualified can point out where that extra $1.4m in customer receipts is coming from.
I wonder how much of that $7.6m is going to be recurring revenue?![]()
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So about those customer receipts. it looks like as expected...
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