COMMITMENTS AND CONTINGENCIES - Patent Acquisition (Details Narrative) (USD $)
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May 21, 2013
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Feb. 28, 2013
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Commitments And Contingencies - Patent Acquisition Details Narrative | ||
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 series of common stock | 500,000 | |
Net proceeds 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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Acquisition of four patents, common stock issued No definition available.
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Acquisition of four patents, purchase price No definition available.
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- Details
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Consideration patent acquisition. No definition available.
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No authoritative reference available. No definition available.
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Five year warrants purchase. No definition available.
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Issued five year warrants to purchase aggregate. No definition available.
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- Details
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No authoritative reference available. No definition available.
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Obligated to pay seller, net proceeds percentage No definition available.
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- Definition
No authoritative reference available. No definition available.
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