Posted On: 04/18/2016 5:45:46 PM
Post# of 3601
My question to Mr. Kaye:
Mr. Kaye, the 10K report stats under the heading SUBLICENSING that “We received an initial non-refundable deposit of $500,000 to date.”
Will you please tell me where this money is reported in your financials?
Response from secretary:
With regard to your note, I wanted to get back to you ASAP. Barry is out of the office for a health issue but he did reply to your note with an e-mail to me. Barry said: that as explained in note 8, these monies have been included in license deposits.
My response back to the secretary:
Would you ask Mr. Kaye to be more specific? A page number will do.
I am not well versed in analyzing financial reports and have scanned through the 10K several times and been unable to identify "note 8" in reference to the non-refundable deposit of half a million dollars. It could be referenced to by a reference referenced by another reference. Will someone please help me before they take me away!
Mr. Kaye, the 10K report stats under the heading SUBLICENSING that “We received an initial non-refundable deposit of $500,000 to date.”
Will you please tell me where this money is reported in your financials?
Response from secretary:
With regard to your note, I wanted to get back to you ASAP. Barry is out of the office for a health issue but he did reply to your note with an e-mail to me. Barry said: that as explained in note 8, these monies have been included in license deposits.
My response back to the secretary:
Would you ask Mr. Kaye to be more specific? A page number will do.
I am not well versed in analyzing financial reports and have scanned through the 10K several times and been unable to identify "note 8" in reference to the non-refundable deposit of half a million dollars. It could be referenced to by a reference referenced by another reference. Will someone please help me before they take me away!
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