Lets leave that for a moment and go somewhere with completely clear disclosure. Take a look at the receivables as of 1/31. That number is what led me to the other. A/R's are $2,236,977. There were no sales FY 2016, so we can eliminate anything from prior to 10/31/16. With me so far? FY 2017 had $1,679,105 in sales revenues, and 1Q 2018 had $953,211. Together it equals $2,632,316 from 11/1/2016 to 1/31/18. Stay with me, it gets better. Of the $2,632,316 sold since Stevie was here, $2,236,977 hasnt been paid for, meaning the company has only received $395,339. Not done yet. Commissions and sales costs in the fins are not in yet. FY 2017 had commissions paid of $324,231 + 160,000 in sales costs= $484,231 like before. Subtracting $484,231 from $395,339 ($395,339- $484,231)= -$88,892. It only cost the company $88,892 to keep the doors open since Stevie has been here.
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