RE:Revenues concernsSo I assumed right. Now the question is how in hell can long term receivables go up by more than hardware revenues reported in the period?
Dec 2022 MD&A:
Note that revenue from hardware sales (corresponding to the total purchase price of the devices) is recognized when the client takes possession of the hardware. Hardware revenue is then received monthly in accordance with the hardware purchase payment plan. Software and services revenue is recognized on a monthly basis for software and services delivered in the given month and is collected monthly in accordance with the Company’s standard Net 60 day payment terms.
| Qtr ending | Long Term Receivables | Chg | Hardware revenue |
| Mar 23 | 18,290,711 | 3,946,831 | 2,936,146 |
| Dec 22 | 14,343,880 | 4,162,258 | 2,390,707 |
| Sep 22 | 10,181,622 | 2,964,023 | 2,049,566 |
| Jun 22 | 7,217,599 | | |