Then that recasts our understanding of the AR.

Then that recasts our understanding of the AR.

Remember the discussion about accounting for earnings for a future use of a package purchase???

If I remember correctly - the income is only earned as the movies are viewed, and the money paid out for movie rights is also paid out at that time.

Also remember that NTEK would be required to shelter the cash.

So I believe that this AR is not yet income to the company. I can't say I understand this structure at all. Maybe there is a third party escrow agent prepared to divy out the money as the movies are watched.

Paul