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Fee Income
9 Months Ended
Sep. 30, 2024
Fee Income  
Fee Income

Note 5. Fee Income

 

Fee income represents amounts earned by the Company under various license and other agreements relating to technology developed by the Company.

 

During the first nine months of 2024, four licensees accounted for 10% or more of fee income of the Company; these licensees accounted for approximately 32%, 31%, 10% and 10% of fee income recognized during such period. During the first nine months of 2023, four licensees accounted for 10% or more of fee income of the Company; these licensees accounted for approximately 29%, 20%, 20% and 18% of fee income recognized during such period.

 

During the three months ended September 30, 2024, two licensees accounted for 10% or more of fee income of the Company; these licensees accounted for approximately 35% and 33% of fee income recognized during such period. During the three months ended September 30, 2023, three licensees accounted for 10% or more of fee income of the Company; these licensees accounted for approximately 47%, 19% and 19% of fee income recognized during such period.