So, for example, accounts receivable.

This is the subsidy from nature.

So you have accounts receivable of 400

So we have an increase in accounts receivable.

So over here we have a net change in accounts receivable.

AR is short for accounts receivable, just to save some space

Accounts Receivable, that they're not changing over the course of the year.

When they pay you the 400, it goes from accounts receivable to cash.

Many people in England would like to see the public subsidy of the monarchy abolished.

When I saw that, I got worried, so I checked Accounts Receivable on other customers.

So, they ask for employment adjustment subsidy in order to meet the government quota to hire more.

It's listed as a current asset on this balance sheet but the invoice was never presented to accounts receivable, so....

So here you have it, grid level storage silent, emissions free, no moving parts, remotely controlled, designed to the market price point without subsidy.

And the example of PlSA shows that data can be more powerful than administrative control of financial subsidy through which we usually run education systems.

It took me three years to get the data on the UK farm subsidy recipients and I'm not quite finished in fact with my request.

The subsidy may be well intentioned to try to get the industry to get going on its own but that's usually not the way things work.

Now, with cash basis, you would have added that to your revenue, but here, we already accounted for it in the accounts receivable, we already took that revenue.

It recognizes that the market has its limitation, and so patient capital also works with smart subsidy to extend the benefits of a global economy to include all people.

But I have an accounts receivable of 400, so my total assets now are 300 of assets, remember, accounts receivables aren't assets, because someone owes me something, someone owes me cash in the future.

So even with partial subsidy, three dollars is still not the full cost of a bed net, and now you only have 20 percent of the people with the bed nets, you lose the health immunity, that's not great.

The service is (Applause) fully self sustainable from its own revenues, without accessing any public funds, and the cross subsidy model actually works, where the rich pays higher, poor pays lower, and the accident victim is getting the service free of charge.

The way that you account for that, is on your balance sheet, you say that you are essentially owed 400, so this accounts receivable this is essential stuff that other people owe you, you need to receive this from other people, but it's an asset, other people have an obligation to you

So let's just think about it, when you have an increase in account receivable, you're kind of letting people owe you money you're letting people owe you 400 if you didn't let them owe you, that would have been cash, so you're kind of pushing back the time that you're getting cash.