Applied DNA Sciences Inc (APDN)

[dasmortes]

I hate to say it but by any accounting standard, everything that has been posted to accounts receivable has ALREADY been recognized as revenue. High accounts receivable is actually a bad thing because it shows that the company has difficulty collecting money. So if you think that APDN A/R are high you actually have a double whammy, the revenue has already been recognized and the company is having a hard time collecting it which may suggest that it is selling to customers with poor credit or something else fishy is going on.