QS Energy Inc (QSEP)

[mr_sano]

Company operatives are always trying to create scenarios that will never happen, it’s part of the deception. Note how some posters talk about a giant licensing debt just being cancelled on the cuff! The real story is in the public disclosures not just excerpts that are cut and pasted in a silly attempt to prop this mortally wounded company afloat! Here is real skinny…

“
As of September 30, 2023 and December 31, 2022, total unpaid fees due to Temple pursuant to these agreements are $2,139,000 and $1,962,000, 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 $2,004,000 are deemed past due. The Company is currently in discussions with Temple to settle or cure the past due balance.

No revenues were earned from the two License Agreements during the nine-month periods ended September 30, “