6. License Agreement (Details Narrative) - USD ($) |
9 Months Ended | |
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Sep. 30, 2015 |
Sep. 30, 2014 |
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License Agreement Details Narrative | ||
Estimated useful life of patents | 17 years | |
Amortization of license fees | $ 4,412 | $ 4,412 |
Estimated amortization cost for next five years | $ 5,900 |
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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 Cost of generating revenue from multiple-deliverable arrangements that include licensing fees and maintenance 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. Maintenance revenue is derived from maintenance services provided under contracts or arrangements with clients. Services may include the maintenance of software, plant and equipment, and facilities. 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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