Manhattan Scientifics Inc (MHTX)

[rustydog62]

You need something positve SSC...

GROSS PROFIT. The $652,000 of revenue recognized for the year ended December 31, 2013 related to service income and is nearly equivalent to the $693,000 in revenue earned during the year ended December 31, 2012. The fees earned pursuant to the agreement with Carpenter have been proportionately recognized as revenue based upon the total fees collected over a 42 month period. The 42 month period is based on the time periods described in the Agreement (6 months after the Effective Date), (12 months after the Effective Date), and (each of the first 3 anniversaries of Annuity date where the "Annuity date" is March 12, 2011. As of December 31, 2013, fees to be collected over the 42 months period associated with the Agreement have all been earned and collected.

As previously reported, on September 12, 2009, Manhattan Scientifics, Inc. (the "Company") entered into an agreement (the "Agreement") with Carpenter Technology Corporation ("Carpenter") pursuant to which Carpenter received from the Company a field-limited exclusive sublicense of certain patents and intellectual property on a new class of metals and alloys initially developed at the Los Alamos National Security, LLC in consideration of fixed payments from Carpenter over an anticipated four-year period as well as royalty payments based on a percentage of Carpenter's sales.

On April 1, 2014, the Company received a minimum royalty payment from Carpenter in the amount of $600,000.

My view of this first initial royalty payment means that CRS is going to start selling this MithralMax this year.

We are all going to see this stock take off later this year for sure is my own personal opinion... :)