RE: OPTI26 Jan 2021 17:11
No, New account regs do not allow the promise or expectations of revenues to be booked, they must now be in the back, this is why the debtor column will increase because some of the royalties will fall outside OPTI's accounting periods by each partnership developing commercially at a different pace. It is just not realistic to expect each partner to pay invoices and royalties at the same time, each time. The invoices will be paid fr goods shipped, it is the royalties which have different payment terms and these will be different for each company until such a time OPTI can negotiate shorter payment terms. I know the ideal window is 45 days. However, we know some partners will pay each 6 months and some once in 12 months, subject to initial terms of business as they establish their markets.