From the 10Q; "During the three months ended August 31, 2006, Phoenix Digital entered into licensing agreements with third parties, pursuant to which it received aggregate proceeds of $25,749,000. During September 2006 Phoenix Digital entered into licensing agreements pursuant to which it received aggregate proceeds of $6,950,000" Q107 $25,749,000 = Sony, Nikon, Seiko/Epson, Pentax...I don't know what DP was smoking when he said 5 licenses in Q107. I think he was counting Seiko and Epson separately...LOL Q207 QTD $6,950,000 = Olympus, Kenwood Hope this clears things up for you.