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GE Royalty Obligation (Tables)
 6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Schedule of gE branded product

The License Agreement obligation will be paid from sales of GE branded product subject to the following repayment schedule:

 

Net Sales in Contract Year   Percentage of Contract Year Net Sales owed to GE  
$0 $50,000,000     7 %
$50,000,001 $100,000,000     6 %
$100,000,000+     5 %