--Apple-Mail=_3EF8C388-FE64-4CFD-9C8A-6A91B87B312F Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=utf-8 Accrual Lucas. Tim Thomas Home Care Assistance (Montreal) Inc. 4464 Ste. Catherine Ouest Westmount, Quebec H3Z 1R7 Tel: 514 907 5065 =20 tthomas@homecareassistance.c om www.homecareassistancemontreal.ca = =20 Blog: Home Care Assistance Montreal = Facebook: HCA Montreal Facebook=C2=A0 = = =20 Twitter: HCA Montreal Twitter > On Mar 4, 2021, at 10:53 AM, Lucas Motro = wrote: >=20 > Is the revenue in the P&L on a cash or accrual basis? >=20 > I think that explains the monster January, right? Didn=E2=80=99t you = receive a $300k payment? >=20 > Lucas >=20 > On Thu, Mar 4, 2021 at 10:37 AM Timothy Thomas = > wrote: > Hi Lucas, >=20 > Regarding revenue, in February, some of our government work began = transitioning from care facilities to vaccination work with revenue = temporarily slipping. Additionally there were only 28 days in February. >=20 > Business is strong this week. We expect another jump week next week as = we ramp back up with our vaccination work and a strong month of March. >=20 > The nature of working with government and institutional clients on the = staffing side is certainly the timing and unevenness of payments.=20 >=20 > Best, > Timothy. >=20 >=20 >>=20 >> From: Lucas Motro > >> Subject: Re: February 2021 Reports >> Date: March 4, 2021 at 9:09:45 AM GMT-5 >> To: Randi Schapira > >> Cc: Yarona Marks >, Tim Thomas = >, Angela Mak = >, Mike = Schantz >, Sridevi Ruddaraju = > >>=20 >> Randi, Tim, and Timothy, >>=20 >> Is second part of this explanation just that this is cash basis and = that your collections are lumpy? I know that your staffing service line = makes lumpy payments. This is unique from our US business. I = specifically recall that you had a large payment come in during the last = week of January after we closed. >>=20 >> Weekly revenue should be in the 170k-180k range on an accurals basis, = right? So, believe we should be looking at ~$730 monthly on an accruals = basis? >>=20 >> Thanks for any color there. >>=20 >> Best, >> Lucas >>=20 >> On Thu, Mar 4, 2021 at 8:51 AM Randi Schapira = > wrote: >> Hi Yarona, >>=20 >> So I looked at the January numbers and realized that there were some = corrections to be done with the December cut-off. >>=20 >> I'm sending you the updated January reports. Hope this does not cause = too much trouble for you. >>=20 >> Also, I have adjusted February for the prepaid insurance that was not = done. So here are a few of the updated February reports as well. >>=20 >> Please let me know if you need anything else or have any questions. >>=20 >> Regards, >> Randi >>=20 >>=20 >> On Thu, Mar 4, 2021 at 12:34 AM Yarona Marks = > = wrote: >>=20 >>=20 >> Good evening Randi, >>=20 >> Thank you for sending the reports. Curious regarding the revenue : = January was 1M while Feb is only 650K. Is that correct? Are we missing = anything? >>=20 >>=20 >> Please feel free to reac