BlockQuarry Corp (BLQC)

[loanranger]

“Results this quarter reflect a deficit in payment collections in our Telehealth and Home Healthcare segment, which have fallen significantly behind schedule,” commented Alonzo Pierce, President and Chairman of ISW Holdings. “We have seen a net increase in total cases, but the bulk of those results will appear predominantly as accounts receivable."

You've heard of the New Math? Alonzo Pierce presents the New Accounting.
Who can explain the underlined sentence? Can Alonzo?


If Revenues were only $17K how could Accounts Receivable have gone up $28K?