Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

"How would they know how much they are owed?"

Damned if I know. Perhaps extrapolating from previous payments, which they say they DID get.

The Marvel agreement requires that SPNG provide documentation for their Marvel-related sales (and an upfront royalty payment). I imagine that it is possible that ID had a similar requirement and could determine from SPNG provided documents what they are owed. Then again, it's just as easy to argue "why would SPNG provide documentation for royalties that essentially amounts to invoicing themselves"?

I don't know. The court'll find out.