AI
Friday, March 29, 2013 7:43:44 PM
We would be at year one now which is simply 12% of gross profits 
As you would know, 12% of nothing is nothing
12% of $100 profit would be $12 and since its 12% of gross PROFIT it means we would have it on hand to pay.
We are good until this time next year when "year 2" is due. That's the one that is tricky :-/
We need to show $3 million in sales and royalty is $50k plus 8% of gross profits.
This royalty deal was set up wisely IMO and we should hit $3 in sales this year and when we do, paying $50k and 8% won't be too rough
$DRHC
As you would know, 12% of nothing is nothing
12% of $100 profit would be $12 and since its 12% of gross PROFIT it means we would have it on hand to pay.
We are good until this time next year when "year 2" is due. That's the one that is tricky :-/
We need to show $3 million in sales and royalty is $50k plus 8% of gross profits.
This royalty deal was set up wisely IMO and we should hit $3 in sales this year and when we do, paying $50k and 8% won't be too rough
$DRHC
