I understand that if Annualised Recurring Revenue (ARR)...

I understand that if Annualised Recurring Revenue (ARR) increased by $600,000 in Q4 then each quarter would get 25% of that. The actual revenue increase in a quarter would be $150,000.

I agree with your sentiment DavidCall about IHR getting a loan. While I believe IHR will be cashflow positive soon they only have a small amount of cash to work with. A loan would give them some room for working capital if they get too loan. It would also give the market some reassurance that IHR does not need to do a capital raise at a very low price.