The company has used cash on hand to pay down debt..I would say part of the $180K upfront helped to pay it down..
...
Now if you want to add in CIMA for the 10% or more..I like your numbers..
"The INDUSTRY standard is 50% up front at TIME OF ORDER- 40% once order is completed- 10% AFTER INSTALLATION"
That even looks better for COH to keep the company from further dilution..
Deposits are liabilities on the balance sheet and are usually escrowed
in the normal course of business. They do not become cash on hand
until the unemcumbrance is removed. How prudent would it be for a
company to use those funds for general operation like paying down
debt? This management, if they are following your advice, exhibits all
of the traits of a failing business, robbing Peter to pay Paul and
misusing funds until obligations are met.
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