COMMITMENTS AND CONTINGENCIES - Patent Acquisitions (Details Narrative) (USD $)
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Jul. 31, 2013
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May 21, 2013
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Feb. 28, 2013
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Commitments And Contingencies - Patent Acquisitions Details Narrative | |||
Acquisition of four patents, purchase price | $ 1,000,000 | ||
Acquisition of four patents, common stock issued | 403,226 | ||
Obligated to pay Dr Cox, net proceeds percentage | 12.50% | ||
Capitalized professional fees | 409,000 | 169,000 | |
Cash consideration for patent acquisition (Mirror Worlds) | $ 3,000,000 | ||
Issued 5-year warrants to purchase an aggregate shares of common stock | 1,750,000 | ||
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% |
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- Definition
Acquisition of four patents, common stock issued. No definition available.
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- Definition
Acquisition of four patents, purchase price. No definition available.
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- Definition
Additional 5-year warrants to purchase shares of common stock as a result of exercise of 60-day warrant. No definition available.
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- Definition
Capitalized professional fees. No definition available.
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- Definition
Cash consideration for patent acquisition (Mirror Worlds). No definition available.
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- Details
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- Definition
Five year warrants purchase. No definition available.
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- Definition
Interest on net proceeds one. No definition available.
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- Definition
Interest on net proceeds. No definition available.
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- Definition
Interest on net proceeds two. No definition available.
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- Definition
Issued 5-year warrants to purchase an aggregate shares of common stock. No definition available.
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- Details
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- Definition
Obligated to pay seller, net proceeds percentage. No definition available.
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