Great Work! I believe that is a very good estimate on the patent value & Ed could use a similar formula as a buyout price if he ever decided to.
As far as what will be listed on the audited financials for Q2 it will be the actual cost of the patent such as research & development, fees, testing, etc. The value filed in the books can't be greater than the cost, so if a company buys our patent for $10B even though its worth $100B or more, that company can only put $10B for its asset value.
I'm not sure how much the patent cost Ed, possibly $3,000-$30,000?
MYEC
