You may be subject to late fees if you have not met your scheduled deadlines for reporting and submitting payments.
Your contract will list whether your reporting requirement is Semi-annual or Quarterly.
Payment Schedule: Royalties and reports are due according to the following Payment Schedule
IF Semi-Annual
Reporting Period End Date Due Date
June 30 July 31
December 31 January 31 of the next year
IF Quarterly
Reporting Period End Date Due Date
March 31 April 30
June 30 July 31
September 30 October 31
December 31 January 31 of the next year
You can reference your contract for more detailed information about late fees.