royalty income
posted on
Sep 29, 2010 02:07PM
from august 4, 2010 10-Q
"We recognized $25,264 of patent license revenue from royalties during the most recent quarter. We have an outstanding complaint against nineteen additional electronics manufacturers, and while we expect additional patent licenses from these and other companies in future periods, there can be no assurance of the timing or amounts of future license revenue. We are pursuing new eVU and other technology business but our results will continue to be dependent on the timing and quantity of eVU orders and the timing and amount of any patent licensing arrangements."
As I recall, in the other PR, said received first royalty payment above----and per same 10-Q, monthly burn rate approx. 125k...so 1 royalty check = approximately 1/6 of the current monthly overhead....now if 1 or 2 other checks come in each month...and service IFE income is increasing as previously stated...maybe IMO ---there could be profitability soon w/o additional settlements in the till as of yet.
do your own DD