Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS

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CONCENTRATIONS
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
NOTE L – CONCENTRATIONS

Revenue from one licensee constituted approximately 77% and 91% of the Company's revenue for the three months ended March 31, 2017 and March 31, 2016, respectively.  At March 31, 2017, royalty receivables from two licensees constituted approximately 84% of the Company's net royalty receivables.  At December 31, 2016, royalty receivables from three licenses constituted approximately 85% of the Company's net royalty receivables.