Fins on sedar Fire the accountants. I have sent a email to IR. Will post the reply if I get one.
Hello,
I do not understand why sales with payment terms > 1 yr are accounted for using discounting, which is really distorting the financials.
Another company I own is Reliq Health. They sell equipment to clients who pay monthly instalments over 2 years. Reliq records the entire revenue and cost of equipment when the equipment is delivered to the client and increases accounts receivable which then declines with each monthly payment made by the client. This matches revenues with cost of revenues and gives a realistic gross margin.
Why can’t CO2 do what Reliq is doing?