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TrackMe, a start-up R&D and Licensing company, has developed a tracking software which will be used in marine tracking radars. It plans to license this
TrackMe, a start-up R&D and Licensing company, has developed a tracking software which will be used in marine tracking radars. It plans to license this software to Dynamics Inc. to be used in the radar devices that Dynamics manufactures. The costs and expenses for the first five years for TrackMe Inc. is as follows: Year $200,000 $50,000 $45,000$50,000 $50,000 $55,000 IP Patent expense Marketing expense R&D expense Salaries expense Financing expense Office rent expense Lab equipment Utilities expense (hydro, water Internet, etc Miscellaneous expenses (stationary ink, etc Sub-TOTAL Provision for contingent liabilities TOTAL $50,000 $50,000 $250,000 $250,000 $250,000$250,000 $250,000 $345,000 $426,200 $438,986 $452,156 $465,720 $25,000 $48,000 $50,000 $6,000 $50,000 $55,000 $10,000$25,000 $20,000$20,000 $50,000$50,000 $6,000$6,000 $30,000 $48,000 $50,000 $6,000 30,000 $48,000 50,000 $6,000 $3,000 931,000 $880,200 $920,986$944,156 $957,720 92,099 $1,024,100 $968,220 $1,013,085$1,038,571$1,053,492 $5,000$3,000 $3,000 $3,000 $93,100$88,020 $94,416 $95,772 TrackMe, a start-up R&D and Licensing company, has developed a tracking software which will be used in marine tracking radars. It plans to license this software to Dynamics Inc. to be used in the radar devices that Dynamics manufactures. The costs and expenses for the first five years for TrackMe Inc. is as follows: Year $200,000 $50,000 $45,000$50,000 $50,000 $55,000 IP Patent expense Marketing expense R&D expense Salaries expense Financing expense Office rent expense Lab equipment Utilities expense (hydro, water Internet, etc Miscellaneous expenses (stationary ink, etc Sub-TOTAL Provision for contingent liabilities TOTAL $50,000 $50,000 $250,000 $250,000 $250,000$250,000 $250,000 $345,000 $426,200 $438,986 $452,156 $465,720 $25,000 $48,000 $50,000 $6,000 $50,000 $55,000 $10,000$25,000 $20,000$20,000 $50,000$50,000 $6,000$6,000 $30,000 $48,000 $50,000 $6,000 30,000 $48,000 50,000 $6,000 $3,000 931,000 $880,200 $920,986$944,156 $957,720 92,099 $1,024,100 $968,220 $1,013,085$1,038,571$1,053,492 $5,000$3,000 $3,000 $3,000 $93,100$88,020 $94,416 $95,772
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