CONCENTRATIONS |
6 Months Ended |
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Jun. 30, 2020 | |
CONCENTRATIONS | |
NOTE L - CONCENTRATIONS |
Revenue from the Company’s Remote Power Patent constituted 100% of the Company’s revenue for the three and six months ended June 30, 2020 and June 30, 2019. Revenue from one licensee constituted 100% of the Company’s revenue for the three months ended June 30, 2020. Revenue from four licensees constituted approximately 90% of the Company’s revenue for the six months ended June 30, 2020. Revenue from four licensees constituted approximately 86% of the Company’s revenue for the three months ended June 30, 2019 and revenue from four licensees constituted approximately 79% of the Company’s revenue for the six months ended June 30, 2019. At June 30, 2020, the Company receivables from two licensees constituted 100% of the royalties receivables. At December 31, 2019, royalty receivables from four licensees constituted in the aggregate approximately 90% of the Company’s royalty receivables. |