Net Medical Xpress Solutions, Inc. (NMXS)

[greasemonkeyshoes]

was 2/22/2022 pr totally misleading...........
and turned us into suckers!
2/22/2022 pr release:
"Net Medical Xpress Solutions (OTC PINK:NMXS) said today that unaudited preliminary numbers show the company recorded net income of $301,285 in the fourth fiscal quarter ending December 31, 2021. Total revenue was $821,399."
without disclosing
"medical billing allowance of $783,000",and later added to the fourth fiscal quarter on 3/11/2022.

my concern:
3q cash/ar 946k(761k+185k)
vs
4q cash/ar 1017k(411k+606k)
or
q/q change:
income increased to 301k
but
cash down to 350k
ar up to 400k(1183k before a 783k adjustment) from 185k.ouchhhhh.

is nmxs padding its topline at the expense of abnormal ar write down(and unable to collect)?