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BigE1960

06/19/19 8:07 PM

#74646 RE: Jamis1 #74644

I didn't say these were standard rates. I think they were extreme and was just making a point.

TedJ

06/19/19 11:35 PM

#74652 RE: Jamis1 #74644

"They are delivering the reactors, Schlenk line equipment, inline equipment, and other equipment. We don’t know the sale price for any of these deliverables."

From the 3rd Q 10-Q:

During the term of the agreement, Amtronics will purchase equipment necessary for the production of the licensed products in an aggregate amount of $3,250,000, subject to payment terms related to delivery and setup.

Breaking down the $7 million in 2019 revenue estimate:

$1 million upfront licensing fee

$3.25 million for all equipment

$2.75 million for all other services and training.