LEGAL PROCEEDINGS (Details Narrative) - USD ($) |
3 Months Ended | 51 Months Ended | |
---|---|---|---|
Nov. 13, 2018 |
Sep. 30, 2020 |
Mar. 31, 2020 |
|
Revenue from litigation settlement | $ 4,150,000 | ||
Maximum Cisco royalty payment per year for remaining term of the remote power patent | $ 9,000,000 | ||
Dell [Member] | |||
Litigation settlement, description | On November 13, 2018, the Company filed a lawsuit against Dell, Inc. in the District Court, 241st Judicial District, Smith County, Texas, for breach of a settlement and license agreement, dated August 15, 2016, with the Company as a result of Dell’s failure to make royalty payments, and provide corresponding royalty reports to the Company based on sales of Dell’s PoE products. The Company alleged that Dell is obligated to pay the Company all prior unpaid royalties that accrued prior to and after the date of the HP Jury Verdict (November 2017) as well as future royalties through the expiration of the Remote Power Patent in March 2020. On December 7, 2018, Dell filed its Answer and Counterclaim. Dell denied the claims asserted by the Company and asserted a counterclaim in excess of $1,000,000. On December 19, 2019, the Company filed a motion for summary judgment. On March 25, 2020, the Court granted the Company’s motion for summary judgment on its breach of contract claim and denied Dell’s motion for summary judgment on its breach of contract claim. |