How is 50% of $32,699,000 equal to $12,070,198 ?
32,699,000 / 2 = 16,349,500
So where is the other 4,279,302 (16,349,500 - 12,070,198)
"
The results included $12,070,198 recorded as the company's 50% share of the net income of Phoenix Digital Solutions, Patriot's joint venture with TPL that is responsible for marketing the jointly owned MMP portfolio license agreements.
...
Patriot previously disclosed that from June 1, 2006 through October 3, 2006, Phoenix Digital Solutions entered into MMP portfolio license agreements with third parties, pursuant to which Phoenix Digital received aggregate proceeds totaling $32,699,000
"
Please, someone inform me if I'm missing something? Am I forgetting something? Overlooking something? Taxes? What happened to the other $4.3m?
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