OTCPK:MEDVF - Post by User
Comment by
SY3XElonon Apr 04, 2022 6:21pm
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Post# 34574845
RE:All that revenue
RE:All that revenue They had a ton of debt. Cut it from ($37,777,656) in 2020 to ($6,610,524) in 2021. Accounts receivables of $55,314,642 as of December 31st 2021 will wipe out the loss on the next report in May since the receivables will be collected as they are running 90 to 120 days to collect. I can't recall the exact number of receivables they expect not to collect to due return errors from insurance companies but it was marginal. You can verify everything written here from the financial report on SEDAR.
In short yes it is a net loss on Year End but Q1 thanks to the massive amount of receivables it's really not