CONCENTRATIONS |
9 Months Ended |
|---|---|
Sep. 30, 2017 | |
| Notes to Financial Statements | |
| NOTE L - CONCENTRATIONS |
Revenue from three licensees constituted approximately 75% of the Company's revenue for both the three and nine months ended September 30, 2017. For the three months ended September 30, 2017, one licensee with a fully-paid license constituted approximately 30% of the Company's revenue and two other licensees with ongoing royalty bearing licenses constituted approximately 45% of the Company's revenue. Revenue from three licensees constituted approximately 96% and 90% for the three and nine months ended September 30, 2016 (exclusive of revenue from our professional liability settlement – see Note M), respectively. At September 30, 2017, royalty receivables from three licensees constituted approximately 36%, 27% and 21% of the Company's net royalty receivables. At December 31, 2016, royalty receivables from three licenses constituted approximately 29%, 45% and 11% of the Company's net royalty receivables. |