Annual report pursuant to Section 13 and 15(d)

CONCENTRATIONS

v3.20.1
CONCENTRATIONS
12 Months Ended
Dec. 31, 2019
CONCENTRATIONS  
NOTE L - CONCENTRATIONS

Revenue from the Company’s Remote Power Patent constituted 100% and 71% of the Company’s revenue for the year ended December 31, 2019 and December 31, 2018, respectively. Revenue from two licensees constituted approximately 69% of the Company’s revenue for the year ended December 31, 2019. Revenue from two licensees constituted approximately 66% of the Company’s revenue for the year ended December 31, 2018. Revenue from the sale of the Company’s unsecured claim against Avaya, Inc. constituted approximately 29% of the Company’s revenue for the year ended December 31, 2018. At December 31, 2019 royalty receivables from four licensees constituted approximately 90% of the Company’s royalty receivables. At December 31, 2018, royalty receivables from four licensees constituted approximately 80% of the Company’s royalty receivables.