Replies to post #69062 on Movement Industries Corp (MVNT)

[sctts]

Per the article posted here,

Adding to vendors' worries is Pemex's ongoing payment backlog. As of 2 October, Pemex's upstream division (PEP) owed Ps99bn ($5bn) to suppliers, with Ps81bn related to 2024 projects, Ps10.5bn from 2023 and Ps1.9bn from 2022, according to an internal document. Pemex's overall overdue payments peaked at Ps126.4bn in July.

Small vendors they ignore, some of larger ones they would make partial payments

MVNT has to suck it up and wait for payments for its boxes and Big Silver Balls

[tmcfo]

Zero revenue would be if you were on a cash basis of accounting. On the accrual basis, you would record the revenues for the services provided and set up a corresponding receivable for the uncollected cash. If you doubt the collection of those funds , you would then set up a doubtful allowance against the receivable. I believe that is GAAP.