Unfortunately yes.And also I just saw this in the 10-K:
Note (4) to Table A 1 Net expense:
vi) a bad debt written off of $14,394,402 contributed by QZH;
Thought it was only what was included here:
ix) net loss from disposal of variable interest entity-QZH of $9,365,643
Unfortunately what I was fearing most has already began happening big time. From 0 bad debt to $15M in one quarter from just one division.So if they stop buying new product they stop paying and then the company can do nothing about it?
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