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Re: zerosum post# 41526

Wednesday, 08/16/2017 5:08:49 AM

Wednesday, August 16, 2017 5:08:49 AM

Post# of 56704
Zerosum, precisely! The amount of $581,000 hasn't been written off, it has simply been deferrred until such time as QSEP have sales of at
least $835,000.
One can't assume that this means 'written off' unless of course one predicts that QSEP may never have sales of $835,000, in which case the debt can't be re-paid.

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'The deferred amount won't be due until $QSEP has sales of $835,000. And, because this sets an important precedent, I think all the licensing fees due to Temple going forward will be based on sales, as these fees are.'