COMMITMENTS AND CONTINGENCIES - Patent Acquisition (Details Narrative) (USD $)
|
Jul. 31, 2013
|
May 21, 2013
|
Feb. 28, 2013
|
---|---|---|---|
Exercise price of five year option | |||
Acquisition of four patents cash, purchase price | $ 1,000,000 | ||
Acquisition of four patents, common stock issued | 403,226 | ||
Obligated to pay Dr Cox, net proceeds percentage | 12.50% | ||
Cash consideration for patent acquisition (Mirror Worlds) | $ 3,000,000 | ||
Issued 5-year warrants to purchase an aggregate shares of common stock | 2,250,000 | ||
60 days Warrants to purchase shares of common stock | 500,000 | ||
Additional 5-year warrants to purchase shares of common stock as a result of exercise of 60-day warrant | 250,000 | ||
Net proceeds percentage payable to third party from the monetization of the Mirror Worlds patent portfolio | |||
First $125 Million | 10.00% | ||
Next $125 Million | 15.00% | ||
Over $250 Million | 20.00% |
X | ||||||||||
- Definition
Acquisition of four patents, common stock issued No definition available.
|
X | ||||||||||
- Definition
Acquisition of four patents, purchase price No definition available.
|
X | ||||||||||
- Definition
Additional 5-year warrants to purchase shares of common stock as a result of exercise of 60-day warrant. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Consideration patent acquisition. No definition available.
|
X | ||||||||||
- Definition
First 125 Million. No definition available.
|
X | ||||||||||
- Definition
Five year warrants purchase. No definition available.
|
X | ||||||||||
- Definition
Issued five year warrants to purchase aggregate. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Next 125 Million. No definition available.
|
X | ||||||||||
- Definition
Obligated to pay seller, net proceeds percentage No definition available.
|
X | ||||||||||
- Definition
Over 250 Million. No definition available.
|