Bioelectronics Corp (BIEL)

[GetSeriousOK]

"Trade and other receivable" has already been booked as a sale in some quarter -- maybe this one, maybe a previous quarter and carried. It's an asset because it's been booked as revenue. It's money due to BIEL, it's been booked as Revenue, and when they receive it the number moves into Cash if it's not used.

Any sale that HASN'T been "logged" yet is listed in the Deferred Revenue category.

in Q1, they had $297k booked as "receivable" and $193k booked as "Deferred Revenue." maybe that $193k is part of the &297k, maybe not. This is all standard accounting - it's just the way a company has to book their cash flow on their balance sheet.

in Q1 2021, they had $239k "receivable" and $306k Deferred Revenue. In Q2 2021 the numbers were even bigger: $405k receivable and $555k deferred revenue.

It's impossible to analyze a balance sheet without understanding what these numbers mean. Let's review:

Receivable: Booked as revenue in the current quarter or in a previous quarter, money not received yet.

Deferred revenue: Not booked as revenue yet because not shipped, money received in the current quarter or in a previous quarter.