QS Energy Inc (QSEP)

[mr_sano]

“As of September 30, 2021 and December 31, 2020, total unpaid fees due to Temple pursuant to these agreements are $1,667,000 and $1,491,000, respectively, which are included as part of Accounts Payable – license agreements in the accompanying consolidated balance sheets. With regards to the unpaid fees to Temple, a total of $135,000 are deferred until such time the Company achieves a revenue milestone of $835,000 or upon termination of the licensing agreements and the remaining $1,532,000 is deemed past due. The Company has discussed and continues to discuss with Temple settlement or cure of the past due balance.”

Accumulating over $450 in interest daily plus $187k annual fees! The price of buying legitimacy.