Progressive Care Inc (RXMD): One other thing, the DIR fees are booked...

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Progressive Care Inc (RXMD)

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Re: Truth022809 post# 138243

Friday, 05/15/2020 8:30:31 PM

Friday, May 15, 2020 8:30:31 PM

One other thing, the DIR fees are booked in this quarter, but there is no accrual for those they expect to get refunded. Last year that total was $648k on 32 million revenue. This year I would expect it to be $800-900k, so subtract $200-225k from that loss.

I believe she said they would book accrual in 2nd quarter once they have a better idea of performance. They need to come up with a quarterly accrual, since they have been consistently meeting those measures annually.

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