Replies to post #12794 on Eagle Worldwide Inc.(fka ELWD)

[FillTheGap]

You will need a detailed AR (accounts receivable) report to be able to tell where the AR actually resides.

Request one.

[GordonGekko1982]

Daniel, its really quite simple:
1) Goto the financial statemet https://www.otcstockinfo.com/repository/612745/612745_FR21.pdf
2) Look at the revenues: Sales $17,239,667 Commission income $5,416,667 Total = $22,656,344. MINUS Cost of Sales, Total Expenses, and Income Tax ($16,710,054 - $163,315 - $1,820,000) = $3,962,975 NET INCOME.
3) Without the $5,416,667 Commission Income, which the company has not realized yet, and won't until TerraVerde transfers the money to them, their NET LOSS would be $3,962,975-$5,416,667= $1,453,692.
4) Since the $5,416,667 is included in the Accounts Receivable, and is also a doubtful account, until they realize the money they experienced a loss. HOWEVER now that there is information about who the Commission came from, if it remains a doubtful account, at least we know who owes PYPR money.