I was able to verify the veracity of Company's reported A/R numbers for the last 5 years. I compared the reported A/R's with what they should be based on the sole assumption that A/R at the end of a year is equal to the revenue of that year (100% uncollected new rev) plus the uncolllected portion of A/R from the prior year.
The spreadsheet shows that all A/R's have been adequately collected and accounted for with no writte-off of any uncollected A/R for the past 5 years. (Note: this was done using info provided by and PM discussions with Nole and Cristo)