Bass Bone and Spine Specialists
Bass Bone & Spine Specialists (Bass) is a sub-distributor of surgical implants that is
owned and controlled by Mr. Brooks.
During the fiscal year ended December 31, 2019, we: (a) sold orthopedic implants and biologics
products to Bass in the amounts of approximately $113,473; (b) incurred approximately $80,272 in commission costs to Bass; and (c) had an outstanding balance due from Bass of approximately $7,149.
For the fiscal year ending December 31, 2020, and as of April 14, 2020, we: (a) sold orthopedic implants and biologics products to Bass in the
amounts of approximately $33,000; (b) incurred approximately $0.00 in commission costs to Bass; and (c) had an outstanding balance due from Bass of approximately $26,000.
Filed as Exhibit 10.56 with our 2018 Annual Report, payment terms per the stocking and distribution agreement are 30 days from receipt of invoice. As of
April 14, 2020, Bass had a past due balance of approximately $1,712.
Sintu, LLC
Sintu, LLC (Sintu) is a sub-distributor of surgical implants that is owned and controlled by
Mr. Brooks. For the year ended December 31, 2019, we incurred approximately $467,195 in commission costs to Sintu.
For the fiscal year ending
December 31, 2020, and as of April 14, 2020, we incurred approximately $266,000 in commission costs to Sintu.
Tiger Orthopedics, LLC
Tiger Orthopedics, LLC (Tiger) is a sub-distributor of surgical implants that is owned
and controlled by Mr. Brooks.
During the fiscal year ended December 31, 2019, we (a) sold orthopedic implant and biologics products to Tiger in
the amount of approximately $283,435, and (b) had an outstanding balance due from Tiger of approximately $30,525.
For the fiscal year ending
December 31, 2020, and as of April 14, 2020, we (a) sold orthopedic implant and biologics products to Tiger in the amount of approximately $33,000, and (b) had an outstanding balance due from Tiger of approximately $650.
Filed as Exhibit 10.57 with our 2018 Annual Report, payment terms per the stocking and distribution agreement are 30 days from receipt of invoice. As of
December 31, 2019, Tiger has a past due balance of $30,525. As of April 14, 2020, Tiger has a past due balance of $650.
Modal
Manufacturing, LLC
Modal Manufacturing, LLC (Modal) is a manufacturer of medical devices owned and controlled by
Mr. Brooks.
During the fiscal year ended December 31, 2019, we (a) sold Modal products in the amount of approximately $40,700, (b)
purchased approximately $1,082,643 in orthopedic implants and medical instruments, (c) had an outstanding balance owed to Modal of approximately $53,854, and (d) had an outstanding balance due from Modal of approximately $40,700.
During the fiscal year ending December 31, 2020, and as of April 14, 2020, we (a) sold Modal products in the amount of approximately $0.00, (b)
purchased approximately $221,000 in orthopedic implants and medical instruments, (c) had an outstanding balance owed to Modal of approximately $221,000, and (d) had an outstanding balance due from Modal of approximately $40,700.
Filed as 10.64 with our 2018 Annual Report, payment terms per the stocking and distribution agreement are 30 days from receipt of invoice. As of
December 31, 2019, we owe $53,854 and are due $40,700. As of April 14, we owe $177,590 and are due $40,700.
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