Last quarter the software was able to claim their clients about $7m. Of that, assuming 20%, $1.4m was W2V revenue. That amount is expected to be received within the next 12 months and was added to the "Accounts Achievable", totaling now $4m. The revenue of $460k was achieved based on payments by the taxman to their clients, most likely approved 9-12 months before.
Again, their income, despite approved, is paid out up to 12 months later as their clients' returns are paid out up to 12 months later. W2Vgets paid when their clients get paid. W2V gets transferred the 100%, the transfers the remaining 80% to the client.
All numbers above just rough estimates.
I have requested a webinar or an update to explain it to us to avoid confusion and false conclusions.
Anyway, just a matter of time to get to CF+ and if the returns would be paid within 3 months the quarterlies would look a lot different.
GLTA
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