I am puzzled by what the sentence "The management fee is currently eliminated in consolidation" means in the section from the Q1 quoted below. We knew before about the 5 m payment, but this 'currently eliminated' line is weirdly worded.

Does it mean
- if the two companies are consolidated (merged) then the payment would be waived?
- the payment has (for some unknown reason) been eliminated?
- for accounting purposes, the fee has been eliminating from reporting because the companies are considered 'consolidated' in reporting terms?
-something else?

Anyone have an wise guess on this?

Erie

"The Company and BlockSafe have a management agreement pursuant to which BlockSafe shall remit a management fee of $36,000 per month to the Company, and when BlockSafe reaches a milestone of $1,000,000 in financing, an additional management fee of $5,000,000 shall be owed to the Company, payable monthly over three years. The management fee is currently eliminated in consolidation."