Intellectual Property (Details Narrative) |
3 Months Ended | 12 Months Ended | |
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Mar. 31, 2018
USD ($)
Integer
shares
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Mar. 31, 2017
USD ($)
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Dec. 31, 2009
USD ($)
shares
|
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Estimated useful life of patents | 15 years | ||
Amortization expense charged to operations | $ 50,300 | $ 1,470 | |
Estimated amortization cost for 2018 | 201,200 | ||
Estimated amortization cost for 2019 | 201,200 | ||
Estimated amortization cost for 2020 | 201,200 | ||
Estimated amortization cost for 2021 | 201,200 | ||
Estimated amortization cost for 2022 | 201,200 | ||
License maintenance fees, monthly | $ 25,000 | ||
Running royalties description |
The running royalties are $100 per one megawatt of electronic nameplate capacity and $100 per three megawatt per hour for the application to thermal systems to which licensed products or licensed processes are sold by the Company, associate and sublicensees. |
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Sublicense income payment description |
The Company was required to pay EERCF 35% of all sublicense income received by the Company, excluding royalties on sales by sublicensees. Sublicense income is payable by the Company within 30 day after the end of each calendar year to the licensor. |
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Term of running royalties | 30 days | ||
Term of sublicense income | 30 days | ||
EERCF [Member] | |||
License costs | $ 100,000 | ||
Shares issued | shares | 925,000 | ||
Payable at option | $ 2,500,000 | ||
On April 24, 2017 [Member] | |||
Shares issued | shares | 925,000 | ||
Payable at option | $ 2,500,000 | ||
On April 24, 2017 [Member] | EERCF [Member] | |||
Shares issued | shares | 628,998 | ||
Number of patent applications | Integer | 42 | ||
On April 24, 2017 [Member] | Inventors designated by EERCF [Member] | |||
Shares issued | shares | 296,002 |
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- Definition Term of running royalties. No definition available.
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- Definition Term of sublicense income. No definition available.
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after adjustments of available-for-sale debt securities at cost, maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after adjustments of available-for-sale debt securities at cost, maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after adjustments of available-for-sale debt securities at cost, maturing after the tenth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of investment in available-for-sale debt securities with a single maturity date at cost, after adjustments, including, but not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in the statement of income and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after adjustments of available-for-sale debt securities at cost, maturing in the next fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 Costs incurred and are directly related to generating license revenue. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred and are directly related to generating maintenance revenues. Also includes cost of maintenance on client contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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