RE:RE:RE:RE:RE:GOOD INFORMATION FROM THE CONFERENCE CALLThis is wrong. I'll take the time to explain it to you. GAAP requires that the initial repayment terms remain the terms that are applicable to the financial statements. If a company could just amend the terms of repayment, the company could thereby cover up past due account. This would result in an innaccurate accounting of what may have occured.
Pyro followed GAAP, as required. Pyro has to show the receivable as past due. The comments during the conference call (the one you haven't listened to) clarifies what is actually happening. As stated in the conference call, the amount in question "is totally collectable."
I'm relaying what got said specifically and what GAAP requires. I'm not sure what you're trying to say and I don't think you do either. Listen to the conference call. It's as simple as that