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Re: Cassandra post# 82084

Thursday, 06/27/2013 8:49:42 PM

Thursday, June 27, 2013 8:49:42 PM

Post# of 93862
I erred in stating that the entire $11,669 was booked in QE 3/31/13. $2,000 of that total was booked in QE 9/30/12 so the total booked in QE 3/31/13 was only $9,669. There was no licensing income booked in the other two quarters of FYE 3/31/13.

The source of the new $9,669 licensing income booked in Q4 is unknown. Clearly it is a settlement from one or more of the California defendants. IMO it is likely KORG but could be both KORG and iriver.

Sorry for the error. Because the annual report does not show financial statements for the 4th quarter individually, I erred in only looking at the previous 10-Q instead of reviewing all three 10-Qs for the fiscal year.

QE 9/30/12 is the only FY 2013 10-Q that booked any licensing income. It shows $2,000 in licensing income: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8911793

The other two quarters show no licensing income:

QE 12/31/12: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9081671

QE 6/30/12: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8761257

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