|6 Months Ended|
Jun. 30, 2021
|Risks and Uncertainties [Abstract]|
NOTE L – CONCENTRATIONS
The Company had no revenue for the three months ended June 30, 2021 and had revenue of $55,000 for the three months ended June 30, 2020. Revenue from the Company’s Remote Power Patent from one licensee constituted 100% of the Company’s revenue for the six months ended June 30, 2021. Revenue from four licensees constituted approximately 90% of the Company’s revenue for the six months ended June 30, 2020. At June 30, 2021 and December 31, 2020, the Company had no royalty receivables.
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef