Sphere 3D Corp. (ANY): Accounts receivable is a balance sheet i...

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Re: Pepperchino post# 21602

Tuesday, 03/31/2015 10:35:51 AM

Tuesday, March 31, 2015 10:35:51 AM

Accounts receivable is a balance sheet item, not related to the reported revenue in that period alone. It is not related to Overlands revenue (which was only included for a month in Q4). It reflects the accumulated entire amounts still owed now for all past services rendered to customers of Overland and Sphere in their entire past...

Why they mentioned it, is to say, we have an asset here that will turn to cash as received (i.e. as 31st Dec. people owe Sphere and Overland $15 million)...

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