Please note that while all geographic territories are covered in our database, we are limited to what is reported to the public. In the United States, companies must disclose information to the investing public through SEC Filings. They also disclose information to the press. We search these information sources every day for transaction data. Therefore, a good number of the transactions in our database are between a U.S. licensor and a U.S. licensee. Sometimes a U.S. company will do a deal with a foreign company and report that to the public--we would capture that information.
Sometimes a transaction is reported in the foreign press and we would pick up that transaction as well.