Because the Assam government received funding from the Central government in late November or early December for the Tech City project, that is why the landscaping in Block 4, 5, 6, 7 has started at the end of November. QMC may or may not has received payment from AMTRON in December, if it has not, then the company has received it in January, the revenue has to be reported in the 10Q due on May 15. If all the delinquent reports will be filed by April, the rocket will be launched on or before May 15 upon filing of the 2020 Q1 report.

History proved that only news of revenue did send share price surging or soaring



https://investorshangout.com/images/MYImages/...evenue.gif


$1 million licensing fee (the $500K fee received on March 19, 2019 is registered as account receivable, not revenue)
$1 million for the sales of the 2 micro reactors
$0.5 million for the sales in ancillary equipment
$? for the ongoing training/consultant fees at the company's Head Quarter in San Marcos
$? for milestone events payment


In December the Assam government has received an equivalent of US$27 million from the Central government for the Tech City project
https://government.economictimes.indiatimes.c...a/72384488


John T. Hartigan, the company's Chief Revenue Officier (January 9): "Significant Solar revenue has begun, additional deals far along in pipeline. Many material milestones being hit - emerging tech the future is bright!"

https://twitter.com/hartigan_john/status/1215289189937373185


Stephen Squires (January 27, 2020 Shareholder Update): "Our licensee has already made significant payments and additional payments are due to us once the reactors are setup and tested . This will allow us to recognize revenue once these benchmarks are met. We will also be delivering pre and post processing equipment this year.".


India GDP Per Capita 1960-2020
https://www.macrotrends.net/countries/IND/ind...per-capita

GDP Per Capita by country
https://en.wikipedia.org/wiki/List_of_countri...per_capita

India is among the world's 25% poorest countries, it is easy to imagine the reason for the delay in funding from the Central government for the Tech City project, while government bureaucracy is also a factor. There is agreement between AMTRON and Amtronics in their joint venture, while Amtronics has funded the construction of the quantum dot production plant, AMTRON is responsible to make payment to QMC through the "Letter of Credit" system, delay in funding from the Central government resulted in delay in payment to QMC. The QMC-Amtronics licensing deal is more like a partnership rather than in a "contract" like relationship, the minutes in the licensing agreement can change pending on mutual consent, Amtronics's demand for the specified 15% energy conversion efficiency can also change to compromise the delay in payment. The bashers' defamation of "licensee's default in payment means the Indian deal is dead" is absurd and preposterous.


QTMM weekly chart
https://stockcharts.com/h-sc/ui?s=QTMM&p=...0532740148