Praxsyn Corp (PXYN)

[Rhenarium]

On the low end (for receivables factored at/below 20%), 13% of gross billings where net revenue was approximately 46% of gross billings. So (13% / .46) = 28% of net revenue.

On the high end (for receivables NOT factored, or factored above 20%), , 17.5%, so (17.5% / .46) = 38% of net revenue.