PTSC reports their cut of licenses as "Equity in earnings of affiliated company" on the income statement and reported $6.675MM for the quarter. Phoenix Digital received aggregate proceeds of $15.8MM from Kenwood & Olympus ($6.95MM total), and Agilent ($8.85MM) according to recent 10Qs. PTSC's 50% cut should be $7.9MM, yet the income statement shows $6.675MM. Where's the missing $1.225MM? Or am I overlooking something?

BTW, if Agilent wasn't included in this Q, then they would have reported something closer to $3.5MM instead of $6.675MM.

Best Regards.