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Re: None

Thursday, 03/16/2017 11:31:54 AM

Thursday, March 16, 2017 11:31:54 AM

Post# of 53926
Modern Round Royalties

Larry: VirTra has been receiving royalties from Modern Round since the first location opened. The rate is 7% of total gross revenues and isn't based on Modern Round's or the location's profitability. The Company hasn't broken it out as a separate line item on their income statement, at least not yet.

Me: So the question now is when are they going to break it down on the income statement?

Larry: That’s a good question and I will add it to the CC list!

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