Loan Receivables of $924,000 to owner - what do you make of it?

by a professional from Northern Arizona University

Feb 01,2023

I came across a business doing $746,000 in 2022

Net Income is $205,000

But Loan Receivables of $924,000 to owner  - what do you make of it?

of course, if we buy it, it will be an Asset Purchase sales not including AR

But,  I don't see any loan repayment line item on income statement. 

And,  Biggest concern is that the $924k was used by the owner to help the business somehow. 

Any thoughts?

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