Revenue from technology license agreements is recognized at the time we enter into a contract and provide the customer with the licensed technology. At this point, we have performed all of our obligations under contract, the rights to our technology have been transferred and no significant performance obligations remain.
I should have included the complete 10Q statement (above) with my last posting. It helps make my point:
There may still be room for other qualifiers that might defer recognition of revenue.
Was the customer "provided with the licensed technology" as of Q period end? Or, were there other TPL/PTSC agreement obligations that were not yet fulfilled by Q period end?
