Nexoptic Technology Corp V.NXO

Looking for Accounts Receivable

[Researcher203]

When a company invoices for a sale of a product or a service provided it is listed under accounts receivable.  According to the specific sales agreement the invoice could have net terms of payment of 15, 30, 60 or even 90 days.  ALIIS was not availble on the JETSON platform until early this year and not availble on the Qualcomm chips until June of this year.  Once they paid the invoice it will debited from the accounts receivable and credited as cash revenue.  This is known as double entry accounting, a standard accounting practice to show revenue stream based on what is owed (or  sold on credit) and accually collected on a sale.  In the first quarter financial statement (March 31) accounts receivable were $22,859. If sales have been made to Qualcomm buyers in June then we should see a jump in this account in the financial statement.   

[Damn1212]

Accounts recievables could be other things than sales.  Refunds due by suppliers  HST refund ...  ECT ECT  WE NEED REVENUE !!!  NICE JUMP TODAY BOYS !! 

[Topper00]

@damn1212 Yes I'm happy with the jump today also woohoo. Please don't be short lived gains and let's hold this fort down.

[Researcher203]

Damn Unfortunately you continue to spew your diatribes and continue to display your absolute ignorance.  What a one trick pony you are, all you can say is "no revenue".  But cash receivables are revenue according to the accountants.  Researcher 1,  Damn  0,  Regarding your questions 1: purchased 40 million $ worth of a tech only to write it off a few

[Damn1212]

Umm Researcher you have 0 knowledge of the NXO story and your post in my opinion is soo delusional its amazing anyone would actually try to persuade themselves and others of these opinions.  You think insiders selling 32 million shares didnt cause the price of shares to collapse ? Daily Sedi reports showing insider selling had no negative effect of the price of shares ? LOL WOW ! you are

[Researcher203]

Damn HA HA HA HA HA HA HA HA HA HA HA.  Your reponse has proven my point. I see no facts presented from you to refute my statements  Where are your references to back up your statements.  Again, what value or contribution to this bullboard do you bring that is anyway meaningful or useful?     Soory you lose again  Researcher 5, Damn 0

[Damn1212]

reseracher  Lets agree to disagree 

[Truhlik]

Researcher203:  Please stop trying to imply that NXO has revenue because it has receivables.  That is not correct.  If they had revenue it would show up as revenue on the income statement.   BarstoolSage (and Damn) already explained this in his post. If a company sells to a customer on credit, the entry is something like: Debit: Accounts Receivable Credit: Revenue  That

[BarstoolSage]

Yeah the sales recognition policy...exactly when the company can book a sale, is disclosed in the early part of the notes to the financial statements...you could actually go back to the last audited financials and see the policy there. And double entry means the sales amount goes as debit receivables credit sales sending one to the balance sheet and the other to the income statement.