SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) |
6 Months Ended |
|---|---|
|
Jun. 30, 2020
USD ($)
| |
| FDIC insured limit | $ 250,000 |
| Cash in excess of FDIC insured limit | $ 19,122,000 |
| Description of quarterly sales by license bearer | Licensees that pay royalties on a quarterly basis generally report to the Company actual quarterly sales and related quarterly royalties due within 45 days after the end of the quarter in which such sales activity takes place. |
| Certificates of Deposit [Member] | |
| Certificate of deposits | $ 9,516,000 |
| March 2020 [Member] | |
| Description of taxation and finance assessment notice | The Company received notices of tax assessments for 2018 from the New York State Department of Taxation in the amounts of $638,745 and $57,784. The Company filed an amended 2018 tax return to provide additional information. On May 13, 2020, the Company was advised that the amended return was accepted and there was no tax with respect to the assessment. |
| Personal Holding Company [Member] | |
| Sustained net loss | $ (1,921,000) |