COMMITMENTS AND CONTINGENCIES Patent Acquisitions (Details Narrative) |
94 Months Ended |
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Mar. 31, 2021
USD ($)
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| COMMITMENTS AND CONTINGENCIES | |
| Obligated to pay Cox, net proceeds percentage | 12.50% |
| Recognition net proceeds payment related to Mirror Worlds patents | $ 3,127,000 |
| Recognition Net Proceeds | |
| First $125 Million | 10.00% |
| Next $125 Million | 15.00% |
| Over $250 Million | 20.00% |
| M2M Net Proceeds | |
| First $100 Million | 14.00% |
| Next $100 Million | 5.00% |
| Additional consideration payable upon occurrence of certain future events | $ 250,000 |
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- Definition The amount of previously reported deferred or unearned revenue that was recognized as revenue during the period. For cash flows, this element primarily pertains to amortization of deferred credits on long-term arrangements. As a noncash item, it is deducted from net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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