Revolutionary Concepts Inc (fka REVO)

[Krysti]

Wrong again, on every count.
You have got it all back to front. The income belongs to Eyetalk. That's the point of the exclusive global license agreement. It means that 100% of any income from the patents goes to Eyetalk.

The gross profit referred to is not the gross profit of REVO. It is the gross profit of Eyetalk365.

That makes all your accounting drivel irrelevant and off the point.

Furthermore, REVO cannot get a tax break for the 60% retained by Eyetalk. But Eyetalk can get a deduction for the 40% cost of sales paid to REVO.

REVO gets royalty income and, as you correctly point out, has no costs to deduct. The costs are all deducted by Eyetalk.