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abuck2491

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abuck2491

Re: GaryJPalys post# 7764

Monday, 03/18/2013 8:36:28 PM

Monday, March 18, 2013 8:36:28 PM

Post# of 12450
No, that 1m payment is being amortized through 12/2015. $77,000 of that money was recorded as income ending 12/2012.
There are two 1 million dollar payments: the 1m upfront payment being recorded so much per Q until 12/2015 and the 1m launch payment invoiced on 12/31 and just recieved in Feb.
Its just a little confusing because both payments were recieved in Feb ( but one year apart) and each was for 1m. But, its all spelled out in the filing
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