Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

The profit splits are recorded as they are earned. Basics of accounting are you tie expenses to period they are incurred.
It sits on the balance sheet as a liability until it is actually paid out - it’s simply timing when it hits cash. Benefit is we can be slow to pay to use cash for R&D until fully reconciled and we pay all we owe Mikah before end of March fiscal year. No impact on past profitability.