Ann: Appendix 4C and Quarterly Activities Report, page-55

"It would not be unreasonable to assume that BrainChip has already recognised US$1 million in its accounts from this Agreement."

No it would not be reasonable to assume that.
You know what they say about assuming.

Can you point me to a release from BRN which confirms or even implies anything to back this up?
I've never seen it written anywhere that half of the expected income for a defined period will be the initial fee paid.

Or if you are just saying $2m divided by 2 financial years, that's also ridiculous.
The ANN was on November 25 2021, so there is really only a single calendar year (plus a month) to recognise that income and we are only 2 months in...
You also fail to recognise the difference between signing fees and income from the use of the IP in individual products.

So many assumptions, so little value, the Shareman way