For MX:
This is from page 20 of the Q4 report. Last paragraph are the contracts that I don't believe I have heard mentioned before.
Revenues
The Company recorded $48,670 in revenues from operations in the quarter ending December 31, 2012, which was generated from product sales, product licensing fees and other related business. These revenues have come mainly from the sale of products and software licenses. These sales were for units that we sell on our web store and our distributors and resellers. We have several products that are nearing completion of development and once we have the funding to start a full production run anticipate being able to quickly ramp up sales to our target of $1,250,000 per month.
We currently have several OEM customers that are ready to purchase our Xtreme Rally Racing and MultiPin game machines once they are available.
The Adam Curry’s Big App show went live in April 2012 and is now generating recurring revenue from advertising.
Subsequent to the date of this report:
- We currently have multiple development agreements for IPTV technology that will bring in contract development fees.
- We currently have four development agreements for IPTV and Mobile technology that will bring in recurring revenue streams from a profit sharing arrangement.
Glenn