Re: Doni/16-Jun-2009 EDIG Annual Report
posted on
Jun 17, 2009 03:33AM
"Accounting rules probably required them"
They book them when the license is executed, I would hope that they had the foresight in knowing that the 1st qt of 2010 would be lean, where they might have at minimum deferred the last execution in some manner to the 1st qt. 2010, it will close shortly.
"we recognize revenue from patent license agreements when (i) the patent license agreement is executed, (ii) the amounts due are fixed, determinable, and billable, (iii) the customer has been provided rights to the licensed technology and (iv) collection of the resulting receivable, if any, is probable. At the time we enter into a contract and provide the customer with the licensed technology we have performed all of our obligations under contract, the rights to our technology have been transferred and no significant performance obligations remain."
If nothing over lapped, the 1st qt will be zero, unless they sold something.
If 2 or 3 mill lapped that would be great......that gives us time before the 2nd qt for something to materialize.
doni