| |
|
For the three months ended
|
|
| |
|
June 30,
|
|
| |
|
2011
|
|
|
2010
|
|
| |
|
$
|
|
|
$
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
Products
|
|
|
39,007 |
|
|
|
298,615 |
|
|
Services
|
|
|
117,808 |
|
|
|
188,519 |
|
|
Patent license
|
|
|
2,025,000 |
|
|
|
25,264 |
|
| |
|
|
2,181,815 |
|
|
|
512,398 |
|
| |
|
|
|
|
|
|
|
|
|
Cost of revenues:
|
|
|
|
|
|
|
|
|
|
Products
|
|
|
37,162 |
|
|
|
241,685 |
|
|
Services
|
|
|
64,080 |
|
|
|
86,003 |
|
|
Patent license
|
|
|
911,204 |
|
|
|
10,106 |
|
| |
|
|
1,012,446 |
|
|
|
337,794 |
|
|
Gross profit
|
|
|
1,169,369 |
|
Patents brought in $2,025,000 in revenues.
Cost of the patent licenses (DM etc) was $911,204, leaving EDIG with $1,113,796 just from the patent settlements. Then there were other associated costs and overhead.
The net income was $731,000.
Not a bad quarter at all, especially compared to the prior year.
