Yippy, Inc. (YIPI)

[236T568]

Scam company YIPI Accounts Receivable reduced by a massive $325,000 for doubtful accounts as yet another project by a customer is CANCELLED



http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=179448

At May 31, 2017, the Company evaluated the collectability of accounts receivable and determined that an allowance for doubtful accounts of $325,000 was necessary due to the cancellation of a project by a customer. Accounts receivable at May 31, 2017 and May 31, 2016 consists of:

                                      May 31,2017    May 31,2016 
 Accounts receivable                  $ 1,155,006    $ 584,912 
 Less: Allowance for doubtful accounts    325,000      175,000 
 Balance, accounts receivable         $ 830,006      $ 409,912