SUBSEQUENT EVENTS |
9 Months Ended |
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Sep. 30, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
NOTE N – SUBSEQUENT EVENTS
On October 9,2023, the Company entered into a settlement agreement with an additional defendant with respect to its patent infringement litigation involving its Remote Power Patent (see Note I[4] hereof) in consideration of a $1,500,000 payment which will be recorded as revenue in the fourth quarter of 2023. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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