Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS

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CONCENTRATIONS
3 Months Ended
Mar. 31, 2023
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE L – CONCENTRATIONS

The Company maintains cash deposits in high quality financial institutions insured by the Federal Deposit Insurance Corporation ("FDIC"). Accounts at each institution are insured by the FDIC up to $250,000. At March 31, 2023, the Company had $680,000 in excess of the FDIC insured limit.  

Revenue from three parties constituted 94% of the Company’s revenue for the three months ended March 31, 2023 and all of such revenue was derived from the Remote Power Patent portfolio. The Company had no revenue for the three months ended March 31, 2022.