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Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s):  RQHTF

Healthcare Medical Devices
Reliq Health Technologies Inc. is a global healthcare technology company that specializes in developing virtual care solutions for the healthcare market. The Company’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent hospital readmissions and ER visits. The iUGO Care platform integrates wearables, sensors, voice technology and mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. The iUGO Care platform provides services, such as remote patient monitoring, chronic care management, principal care management, behavioral health integration, telemedicine, transitional care management, wound care, and others.


TSXV:RHT.H - Post by User

Reliq Health Technologies Inc > New Press Release - Reliq Health Technologies, Inc. Provides Update on Status of Management Cease Trade Order
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Comment by lscfaon Nov 21, 2023 5:57pm
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Post# 35747374

RE:RE:RE:RE:New Press Release - Reliq Health Technologies, Inc. Provides Update on Status of Management Cease Trade Order

RE:RE:RE:RE:New Press Release - Reliq Health Technologies, Inc. Provides Update on Status of Management Cease Trade Order

If the fins for q1,q2,q3 are restated for this almost all the hardware revenues disappears and so does the long term receivables. How will market react?



lscfa wrote: What changed since last year's audit? Reliq stated that beginning with f2023 it only sells hardware with a SAAS service. Thus it can be argued that the performace obligation is one of supplying the hardware AND the service and they are not distinct obligations. Therefore the hardware revenue should not be recognized as a lump sum at the point when the device is delivered to the client's patient. It should be recognized rateably over the contract life.

https://dart.deloitte.com/USDART/home/publications/deloitte/industry/technology/revenue-performance-obligations

 

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