Thursday, April 20, 2017 9:57:08 AM
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Unidentified Analyst
Okay. Now the company has a line of credit doesn't it?
Doug Croxall
It does.
Unidentified Analyst
And does that provide -- do we have access to it? What's going on with that?
Doug Croxall
On the line of credits with Fortress and we talk to them on a weekly basis. But, look our goal is not to -- my goal is not to bring on any more debt, my goal is to simply operate the company and generate cash flow to pay down the debt. So, look if we see great opportunities and we fully want to close on something, we'll figure out a way to finance it. But at this point, we have filled our coffers with patent, we have a lot of opportunities ahead of us.
And frankly, there was a comment made earlier today and that I said that it is time to harvest what we have. And so we are buckling down and we're focused on licensing and generating revenues through those license and generating free cash flow through our operations. But yes, we do have a line of credit with Fortress.
Unidentified Analyst
And in the event that you needed it that would be a lifeline if the company should need it.
Doug Croxall
It's one lifeline that we have access to correct.
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