Defense Technologies International's Comment on Supply Chain
On October 19, 2016, the Company entered into a License Agreement with Controlled Capture Systems, LLC (CCS), acquiring exclusive worldwide rights to CCS security technology, patents, products, and related improvements. The Company paid an initial licensing fee of $25,000 and agreed to ongoing royalties equal to the greater of 5% of gross sales or a minimum of $25,000 every six months. Additionally, the Company issued shares of its common stock to investors who funded CCS technology development and committed to issuing further shares upon achieving sales milestones. CCS provides ongoing support under an Independent Contractor Agreement, receiving an initial payment of $5,000 plus hourly compensation. The Company capitalized costs associated with the License Agreement, including the initial fee and the value of stock issued to CCS investors. As of April 30, 2024, the Company recorded liabilities related to these agreements. Other suppliers mentioned in filings include Defense Technology Corporation.
Defense Technologies International's Comment on Supply Chain
On October 19, 2016, the Company entered into a License Agreement with Controlled Capture Systems, LLC (CCS), acquiring exclusive worldwide rights to CCS security technology, patents, products, and related improvements. The Company paid an initial licensing fee of $25,000 and agreed to ongoing royalties equal to the greater of 5% of gross sales or a minimum of $25,000 every six months. Additionally, the Company issued shares of its common stock to investors who funded CCS technology development and committed to issuing further shares upon achieving sales milestones. CCS provides ongoing support under an Independent Contractor Agreement, receiving an initial payment of $5,000 plus hourly compensation. The Company capitalized costs associated with the License Agreement, including the initial fee and the value of stock issued to CCS investors. As of April 30, 2024, the Company recorded liabilities related to these agreements. Other suppliers mentioned in filings include Defense Technology Corporation.
Sources:
Defense Technologies International Corp 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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