Wolf Energy Services Inc (WOEN)

[Oxonius]

I'm confused:
"Our revenues increased to $1,180,634 for the three months ended September 30, 2018 as compared to $2,362 for the three months ended September 30, 2017. $1,000,000 of the total revenues is a result of the multiple Voraxial units we delivered in August 2018"

Now, where in the deal does it state that we are actually transferring actual units (rather than intellectual property) for the final $1 million?
"At closing, we sold our intellectual property (the “Purchased Intellectual Property”), substantially consisting of the Voraxial patents, marks, software and copyrights, to Schlumberger in consideration of up to $4,000,000, of which $3,000,000 was paid to us at closing and the balance of $1,000,000 was payable upon satisfaction of the following post-closing conditions: (i) the complete transfer of the Purchased Intellectually Property to Schlumberger; and (ii) the provision to transfer information, assets and services to Schlumberger."

I'm not sure that the typo "Intellectually" helps us in our understanding of this.