Praxsyn Corp (PXYN)

[cdhames]

I understand the math perfectly but thanks for the insult anyway.

I'm not arguing with your math. This is what you continue to fail to see. Again, I'm not arguing with your math.

My point is and has always been that you're wrong on your understanding of factoring. The Factors fee must be acccounted for as a Loss. That's reflected under "Loss on receivables sold to factor 873,201"

Your argument is that the story ends here. The Factor keeps all of the A/R and I'm telling you that's not the case.

At a later date, the Factor will forward the remaining, collected A/R as a retainer, less fees. You will see that retainer then reflected as a debit under Cash.

This has nothing to do with invoice discounting...