Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS

v3.20.2
CONCENTRATIONS
9 Months Ended
Sep. 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 nine months ended September 30, 2020 and September 30, 2019. Revenue from one licensee constituted 100% of the Company’s revenue for the three months ended September 30, 2020. Revenue from one licensee constituted approximately 95% of the Company’s revenue for the nine months ended September 30, 2020. Revenue from five licensees constituted approximately 93% of the Company’s revenue for the three months ended September 30, 2019 and revenue from five licensees constituted approximately 86% of the Company’s revenue for the nine months ended September 30, 2019. At September 30, 2020, the Company had no royalty receivables. At December 31, 2019, royalty receivables from four licensees constituted in the aggregate approximately 97% of the Company’s royalty receivables.