QS Energy Inc (QSEP)

[mr_sano]

Pundits can’t answer with facts so they make up their own facts and just repeat the same fake answer over and over again…as if that will somehow make it true. It’s pathetic! Facts listed below:

From last 10Q:

As of March 31, 2022 and December 31, 2021, total unpaid fees due to Temple pursuant to these agreements are $1,785,000 and $1,726,000, respectively, which are included as part of Accounts Payable – license agreements in the accompanying condensed 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 $1,650,000 are deemed past due. The Company is currently in discussions with Temple to settle or cure the past due balance.


From the 10k

“As of December 31, 2019, the total unpaid fees and interest due to Temple pursuant to these agreements was $1,255,000. During 2020 the Company incurred an additional $236,000 of costs, including $188,000 annual license fee and $48,000 of interest. As of December 31, 2020, total unpaid fees and interest due to Temple was $1,491,000. During 2021 the Company incurred an additional $235,000 of costs, including $187,000 annual license fee and $48,000 of interest. As of December 31, 2021, total unpaid fees and interest due to Temple was $1,726,000. With regards to the unpaid fees to Temple, a total of $135,000 are deferred until such time the Company achieves a revenue milestone, as defined, or upon termination of the licensing agreements and the remaining $1,591,000 are deemed past due. The Company intends to enter into negotiations with Temple to settle or cure the past due balance.”