Rennova Health Inc (RNVA)

[bar1080]

Wrong about Accounts Receivable. You ignored bad debt and discounts

Note 2 – Accounts Receivable


Accounts receivable at March 31, 2018 (unaudited) and December 31, 2017 consisted of the following:

 	 	          March 31, 2018  	 December 31, 2017	  
 Accounts receivable - laboratory services	$1,302,579    $1,478,451 
 	  
 Accounts receivable – hospital	 	 	11,783,802	 	 	 	8,593,747	  
 Total accounts receivable	 	 	13,086,381	 	 	 	10,072,198	  
 Less:	 	 	 	 	 	 	 	  
 Allowance for discounts - laboratory services	 	 	(1,150,800)	 	 (1,177,054	) 
 Allowance for discounts - hospital	 	 	(9,307,852)	 	 	(6,936,429	) 
 Allowance for bad debts	 	 	(1,525,972)	 	 	(987,403) 
 Accounts receivable, net    	 	$1,101,758	 	 	$971,312