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Message: $8million-plus already this Q?

$8million-plus already this Q?

posted on Jan 17, 2007 04:20AM

License proceeds of $8,850,000 relating to an additional license agreement signed in November 2006 are to be received in January 2007. Phoenix Digital has recorded this amount as a license receivable. During December 2006, Phoenix Digital entered into licensing agreements with aggregate proceeds of $7,320,000.

 

50% of $8,850,000 plus 50% of $7,320,000 is $8,085,000.

 

 

Be well

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