On4 Communications Inc (ONCI)

[mary777]

Accounts receivable counts as an ASSET, not revenue. Google it.

https://www.accountingtools.com/articles/is-accounts-receivable-an-asset-or-revenue.html

The balance in the accounts receivable account is comprised of all unpaid receivables. This typically means that the account balance includes unpaid invoice balances from both the current and prior periods. Conversely, the amount of revenue reported in the income statement is only for the current reporting period. This means that the accounts receivable balance tends to be larger than the amount of reported revenue in any reporting period, especially if payment terms are for a longer period than the duration of the reporting period.