6. License Agreement (Details Narrative) - USD ($) |
6 Months Ended | |
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Jun. 30, 2016 |
Jun. 30, 2015 |
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License Agreement Details Narrative | ||
Royalty expense | $ 370,293 | |
Accrued expenses | $ 220,293 | |
Estimated useful life of patents | 17 years | |
Amortization expense charged to cost and expenses | $ 2,942 | $ 2,942 |
Estimated amortization cost for next five years | $ 5,900 |
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- Definition Amortization Expense Charged To Cost And Expenses. No definition available.
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- Definition Estimated Amortization Cost For Next Five Years. No definition available.
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- References No definition available.
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- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Amount of expenses incurred but not yet paid classified as other, due after one year or the normal operating cycle, if longer. 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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