Patent portfolioPatents are legal intellectutal assets that can either be sold or licensed for royalty fees.
Nortels remaining patents for example are now being sold for about $900 million.
Patents are trade secrets that have strong asset value .
Royalties are excellent recurrent forms of revenues that can be quite large.
I doubt whether lignol will sell any of its patents outright , although there are companies that do that for a business.
Lignol already has 3-4 patents approved, the recent four pending ones, and 50 to 60 other patents in various stages of approval.
These cover the processes relating to the extraction of lignin and its derivatives) as well as their downstream uses
As for working capital, it was about $8 to $9 million at last report, with several grants expected to be approved in the second quarter.
Those should adequately cover needs for the rest of this year.