Revenue:
Seeing the changes on what was billable and collectible had changed 7.1 it was probably difficult to report revenue on an accrual basis.
Did the changes effect work being performed after 7.1 or what was billed 7.1 or what would be paid 7.1? What is collectible?
Unclear.
Expenses:
Also hard to report expenses if they weren't paid yet and are now part of the bankruptcy. They could be wiped out, partially due..still due...unclear
Same on the balance sheet side, the bankruptcy, and the lawsuits. Seems those started in June so that may have some effect in the Q2 filings as well.
You can't exactly say the HeliosDx goodwill is 6M on the BS as an asset like prior Qs when it's pending or in bankruptcy. Some assets may have been being sold off, who owns the AR (Factoring companies...?) Liabilities may be deemed uncollectible the date filed as well, or when lawsuits started...
Not clear.
I am assuming at this point they will get caught up once the bankruptcy proceedings wrap up with HeliosDx and the dust settles.
Only then will you have a clear understanding of what is left on the books.
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