Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES - Patent Acquisitions (Details Narrative)

v3.3.0.814
COMMITMENTS AND CONTINGENCIES - Patent Acquisitions (Details Narrative) - USD ($)
Jun. 03, 2014
Jul. 31, 2013
May. 21, 2013
Feb. 28, 2013
Exercise price of five year option        
Acquisition of Cox patents cash, purchase price       $ 1,000,000
Acquisition of Cox patents, common stock issued       403,226
Obligated to pay Cox, net proceeds percentage       12.50%
Capitalized professional fees and filing fees related to Cox Patent Portfolio       $ 169,000
Cash consideration for Mirror Worlds patent acquisition     $ 3,000,000  
Cost of repurchase of Mirror Worlds warrants $ 505,000      
Issued 5-year warrants (Looking Glass) to purchase shares of common stock     1,750,000  
5-year warrants (Looking Glass) to purchase 875,000 shares, exercise price per share     1.40  
5-year warrants (Looking Glass) to purchase 875,000 shares, exercise price per share     2.10  
Issued 5-year warrants (Recognition) to purchase 250,000 shares, exercise price per share     1.40  
Issued 5-year warrants (Recognition) to purchase 250,000 shares, exercise price per share     2.10  
60 day warrants (Abacus) to purchase shares of common stock     500,000  
60-day warrants (Abacus), exercise price per shares     $ 2.05  
Issued additional 5-year warrants (Recognition) to purchase shares of common stock as a result of exercise of 60-day warrant   250,000    
Additional 5-year warrants to purchase 125,000 shares of common stock as a result of exercise of 60-day warrant, exercise price per share   2.10    
Additional 5-year warrants to purchase 125,000 shares of common stock as a result of exercise of 60-day warrant, exercise price per share   1.40    
Capitalized professional fees and filing fees related to Mirror Worlds patents     $ 409,000  
Net proceeds percentage payable to Recognition from the monetization of the Mirror Worlds patent portfolio        
First $125 Million     10.00%  
Next $125 Million     15.00%  
Over $250 Million     20.00%