Coates International Ltd. (fka COTE)

[cngreen]

can anyone find this in the financial numbers on the 10k anywhere. There is only a reference to it but i cant find the journal line for it at all on the balance sheet.

In February 2015, we granted a non-exclusive distribution sublicense to Renown Power Development, Ltd., a China-based sales and distribution company (“Renown”) covering the territory defined as the Western Hemisphere. Under this sublicense, Renown will be permitted to sell, lease and distribute CSRV ® products. This sublicense provides for payment of licensing fees amounting to US$100 million. We received an initial non-refundable deposit of $500,000 to date.