Glad to see it filed on time. Another strong quarter, with reported EPS of $0.052. The numbers have $307,000 of non-cash amortization expense associated with the IP purchase. This is non-cash expense. On a non-GAAP basis, excluding that non-cash expense, I calculate roughly $0.07 in EPS.
This is something we'll have to keep doing in terms of an add-back going forward until the remaining intangible asset balance is fully amortized. The expense is essentially a mirror of the prior royalty expense for accounting purposes. Obviously, there is no cash impact as its non-cash.
I'm more interested in Q3 results to see how they've been weathering the COVID crisis, though from what I've read in terms of mining operations, there has been limited impact.