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Lighthouse

08/14/15 10:02 PM

#40516 RE: ItsMyTurn #40515

Where does it show the payment schedule? I don't see it?

Lighthouse

08/14/15 10:07 PM

#40517 RE: ItsMyTurn #40515

No argument about the contract, but that they removed from it the monthly payment schedule... See section 12 of the 10Q...

"On June 30, 2015, we entered into Amendment No. 1 to the Services Agreement with NHS in which we removed the originally agreed upon monthly payment schedule and specified a commencement date of July 1st 2015 and ending date of June 30, 2016. As of June 30, 2015, a total of $1,000,000 has been paid to NHS towards the total $120,000,000 due under this amended contract, and is included in "Other current assets" in the accompanying consolidated financial statements."