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bar1080

04/02/22 10:19 AM

#1391 RE: lucky__stock #1388

Red Flag? Accounts Receivable skyrocketed to $711,xxx from $66,xxx the year before. Is that because of revenue growth or because collections are slow?

That's worrisome for several reasons, especially:

"Concentration of accounts receivable
"Two customers accounted for 64% of accounts receivable as of December 31, 2021. There were no customers that accounted for more than 10% of accounts receivable as of December 31, 2020 except as noted in the related party transactions."

https://ih.advfn.com/stock-market/USOTC/adm-endeavors-qb-ADMQ/stock-news/87559069/annual-report-10-k#FORM10-K_HTM_GK_001