Thursday, August 17, 2017 1:20:40 AM
They are not deferring the "ENTIRE" amount! There are substantial sums past due from the fuel injection license and like the viscosity, license carries a yearly maintenance fee of over 100K.
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As of June 30, 2017 and December 31, 2016, total unpaid fees due to Temple pursuant to these agreements amounted to $840,000 and $727,000, respectively, which are included as part of Accounts Payable – licensing agreement in the accompanying consolidated balance sheets. As of June 30, 2017, $222,000 of the $840,000 payable has been deferred until the licensing agreements are terminated and $581,000 is deemed past due.
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