QS Energy Inc (QSEP)

[DCorleone]

AOT has PROVEN it is OVERHYPED. QSEP 10-Q a JOKE. Temple University making bank.
QSEP Mergers and Acquisitions statements were a JOKE.


As of September 30, 2016 and December 31, 2015, total unpaid fees due to Temple pursuant to these agreements amounted to $601,250 and $460,625, respectively, which are included as part of Accounts Payable – licensing agreement in the accompanying consolidated balance sheets. As of September 30, 2016, $193,750 of the $601,250 payable has been deferred until the Licensing Agreements are terminated and $407,500 is deemed past due. The Company is currently in negotiations with Temple to settle this amount.

There were no revenues generated from these two licenses during the nine-month periods ended September 30, 2016 and 2015.