SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2020 | |
| SUBSEQUENT EVENTS | |
| NOTE N - SUBSEQUENT EVENTS |
[1] On July 14, 2020, our Chairman and Chief Executive Officer vested 125,000 shares of common stock pursuant to restricted stock units in accordance with his employment agreement (see Note H[1] hereof).
[2] On July 28, 2020, the Company agreed to settle its litigation against Dell, Inc. pending in the District Court, 241st Judicial District Smith County, Texas (see Note I[5] hereof). Under the terms of the settlement, Dell paid $4,150,000 to the Company on August 7, 2020 in full settlement of the litigation. |
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- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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