Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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Message: Re: There was $1,433,000 from September

Re: There was $1,433,000 from September

posted on Jan 09, 2008 01:23PM

PDS for the three months ended August 31, 2007 generated a loss after expenses in the amount of approximately $1,201,000 resulting from licensing agreements for our intellectual property with Lego Systems and Bull for one time payments.
Equity in earnings (loss) of affiliated company (1,200,542 )

During the six months ended November 30, 2007, TPL entered into licensing agreements with Bull, Lego Systems, DMP Electronics, Denso Wave, Bossiere (Schneider) and Philip

Our investment in PDS for the six months ended November 30, 2007 provided net income after expenses in the amount of approximately $4,285,000 as compared to net income after expenses

Interest income and other income increased from approximately $308,000 for the six months ended November 30, 2006 to approximately $776,000 for the six months ended November 30, 2007 as interest bearing account balances increased from cash received as distributions from our investment in PDS and we recognized other income of approximately $227,000 in connection with our reimbursement request billings to PDS for our prior period legal expenses incurred in connection with the patent litigation.


Jan 09, 2008 02:22PM

Jan 09, 2008 02:35PM
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