TSXV:RHT.H - Post by User
Comment by
lscfaon Nov 02, 2023 1:36am
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Post# 35712766
RE:Year end results
RE:Year end results I fear the opposite, a restatement. I did not get a satisfactory answer why from IR about hardware receivables increasing more than hardware revenues. Funky accounting?
From: xxxxx
Date: October 5, 2023 at 3:15:45 PM MDT
To: Investor Relations Reliq Health Technologies <IR@reliqhealth.com>
Subject: Re: Shareholder Question
Hello,
Deloitte says the discounted sales price (reported as revenue) and the accounts receivable should be the same. (See pgs 119 and 120). Can you provide a hypothetical example to show how the accounting works on Reliq statements?
Xxxxx
On Oct 5, 2023, at 8:12 AM, Investor Relations Reliq Health Technologies <IR@reliqhealth.com> wrote:
Hello xxxxxx,
Thank you for your interest in Reliq. I think we have had this discussion before. There are items in AR that are not in Revenue, such as, sales tax. Since a portion of device revenue is treated as financing income, it is in AR but not in revenue. It only gets added to the interest income line over time. I hope that helps.
Best Regards,
Reliq Health Investor Relations
On Fri, Sep 29, 2023 at 1:30 PM xxxxxxxx wrote:
Hello,
How can long term receivables go up by more than hardware revenues reported in the period?
Xxxxxx
| Qtr ending | Long Term Receivables | Chg | Total revenue |
| Mar 23 | $18,290,711 | 3,946,831 | 4,741,037 |
| Dec 22 | $14,343,880 | 4,162,258 | 4,118,524 |
| Sep 22 | $10,181,622 | 2,964,023 | 3,472,237 |
| Jun 22 | $7,217,599 | | |