Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

v3.23.3
SUBSEQUENT EVENTS
9 Months Ended
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.