Vertical Computer Systems Inc (fka VCSY)

[optics_guy]

NT-10Q is out

"Revenue increased by approximately $1.5 million and $2.2 million over prior year for the three and six months ending June 30, 2014, respectively. The increase in revenue is primarily due to licensing of our SiteFlash™ technology. Total operating expenses increased approximately $1.1 million and $1.7 million over prior year for the three and six months ending June 30, 2014, respectively. The increase in total operating expenses is primarily due to legal expenses, royalties and taxes related to licensing of our SiteFlash™ technology".


Can we interpret this to mean that the IWOV settlement was at most $1.5 million before Niro's fee and taxes were paid? That's a lot less than the $200 million vcsy was asking.