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RStevens

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RStevens

Re: jmodified post# 37481

Friday, 08/21/2015 6:26:54 PM

Friday, August 21, 2015 6:26:54 PM

Post# of 53925
Correct me if I'm wrong, but it appears VirTra did not receive compensation for the settlement with FAAC. I see nothing on the P&L related to the settlement or any one time gains, no receivable has been created on the balance sheet, and the payment has not occurred because there is no adjustment on the SoCF.

It's likely FAAC simply agreed to pay their attorney's fees and to not infringe on VirTra's patents again. If so, I feel that VirTra very liberally applied the term "Successfully Defended" on the news releases.
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