and how does company work out revenue of 1.4M$ based on cash receipt of 460k and account receivable of 4M$
is it they apply % of customer VAT they process at end of sept and submitted to tax authorities and derive the 1.4M$ and account receivable is basically the backlog of money they are waiting to be turned into cash receipts.
if that the case then they are in pretty good postion with lending firms able to lend base on this ?
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