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PATENTS (Details Narrative) (USD $)
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1 Months Ended | 12 Months Ended | ||
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Nov. 30, 2003
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Dec. 31, 2011
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Dec. 31, 2012
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Jan. 18, 2005
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| Goodwill and Intangible Assets Disclosure [Abstract] | ||||
| Purchase price for the patent portfolio | $ 100,000 | |||
| Percentage of excess net income paid to Seller | 20.00% | |||
| Additional purchase price paid | 500,000 | |||
| Future contingent payments | 2,500,000 | |||
| Net Royalties (as defined) | 25,000,000 | |||
| Net Royalties | 50,000,000 | |||
| Net Royalties from licensing or sale of the patents acquired | 62,500,000 | |||
| Amortization expense | $ 9,000 | $ 9,000 |
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- Definition
No authoritative reference available. No definition available.
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- Definition
The aggregate amount assigned to a major class of finite-lived intangible assets acquired either individually or as part of a group of assets (in either an asset acquisition or business combination). A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amortization computed on the basis of current gross revenues (excluding royalty payments and net profits disbursements) from production in relation to future gross revenues, based on current prices (including consideration of changes in existing prices provided only by contractual arrangements), from estimated production of proved oil and gas reserves. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cost of generating revenue from multiple-deliverable arrangements that include licensing fees and services revenue. Licensing revenue is consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Services revenue may be derived by providing other, nonspecified, services during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of cash paid for royalties during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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