T M M Inc (TMMI)

[DaGreekster]

Posted below from the recent 04/01/24 annual report. If you know solid information regarding a cancellation, please post a link....


3. COMPOSITION OF CERTAIN ASSET ACCOUNTS
VDK Codec Costs Capitalized: Represents historical costs
previously capitalized and fully amortized for the
development of the VDK Codec code.

Code Review and Enhancements: Represent funds spent
to review, update and enhance the Company’s software as well
as develop new software. These costs have been fully
amortized as of the balance sheet date.

Deposit on Co-Development Project: Represents a deposit made by
the Company for participation in a Co-Development project with
virtual character pioneer CodeBaby, Inc. The Co-Development
focuses on the utilization of CodeBaby’s next generation
emotionally intelligent avatars designed to be integrated with
TMMI and other technologies. In addition to the $150,000 deposit
previously made, the company has committed to an additional
$100,000 in funding to the Co-Development project. As of the
balance sheet date, the Joint Venture project where the Code Baby
Software is contemplated to be used and potential applications
for TMMI projects continue to be explored.