Freeze Tag Inc (FRZT)

[tigerpac]

I think it 's going to take at least one more quarter (maybe up to a year) to see where this company really stands as far as growth potential.

They were finally able to book $120,000 from deferred royalties into revenue this month.

If the company can convert new users into the spending habits of old Munzee players then there can be some life here. However, as the company admits, this is going to take a number of years to come to fruition.

Revenues increased $64,349 to $560,203 for the three months ended March 31, 2019 from $495,854 for the three months ended March 31, 2018. The primary reason for the increase in revenues in the current year was due to the close-out of a significant mobile distribution contract in the period allowing us to recognize deferred revenue.