Labwire Inc (LBWR)

[YankeeAce]

General accounting question for anyone qualified to answer or perhaps has experience in this realm.

Are revenues listed as Accounts receivable already factored into the total revenue figures? I guess what I am trying to say is at what point does the company list a contract as revenue? (signing of the contract, execution of the service, payment of the service, etc???).

I'm trying to assess the likelihood of even being able to see any kind of parttern in revenue carrying this much in receivables. I mean if their one large customer pays ALL of its bills at once and we drastically drop A/R does that mean we could see a huge spike in "Revenues" if they are not accounted for until paid?

Thanks