PDS for the three months ended August 31, 2007 generated a loss after expenses in the amount of approximately $1,201,000 resulting from licensing agreements for our intellectual property with Lego Systems and Bull for one time payments.
Equity in earnings (loss) of affiliated company (1,200,542 )
During the six months ended November 30, 2007, TPL entered into licensing agreements with Bull, Lego Systems, DMP Electronics, Denso Wave, Bossiere (Schneider) and Philip
Our investment in PDS for the six months ended November 30, 2007 provided net income after expenses in the amount of approximately $4,285,000 as compared to net income after expenses
Interest income and other income increased from approximately $308,000 for the six months ended November 30, 2006 to approximately $776,000 for the six months ended November 30, 2007 as interest bearing account balances increased from cash received as distributions from our investment in PDS and we recognized other income of approximately $227,000 in connection with our reimbursement request billings to PDS for our prior period legal expenses incurred in connection with the patent litigation.
