5. License Agreement (Details Narrative) |
1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|---|---|
|
Jan. 31, 2017
USD ($)
|
Sep. 30, 2017
USD ($)
Integer
shares
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2017
USD ($)
Integer
shares
|
Sep. 30, 2016
USD ($)
|
Dec. 31, 2009
USD ($)
shares
|
|
| Estimated useful life of patents | 15 years | |||||
| Amortization expense charged to cost and expenses | $ 49,310 | $ 4,410 | $ 85,783 | $ 4,410 | ||
| Estimated amortization cost for each of the next five years | $ 201,500 | 201,500 | ||||
| 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. |
|||||
| 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. |
|||||
| Term of running royalties | 30 days | |||||
| Term of sublicense income | 30 days | |||||
| On April 24, 2017 [Member] | ||||||
| Shares issued | shares | 925,000 | 925,000 | ||||
| Payable at option | $ 2,500,000 | $ 2,500,000 | ||||
| Inventors designated by EERCF [Member] | On April 24, 2017 [Member] | ||||||
| Shares issued | shares | 296,002 | 296,002 | ||||
| EERCF [Member] | ||||||
| Royalty expense | $ 722,380 | |||||
| License costs | $ 100,000 | |||||
| Shares issued | shares | 925,000 | |||||
| Payable at option | $ 2,500,000 | |||||
| EERCF [Member] | On April 24, 2017 [Member] | ||||||
| Shares issued | shares | 628,998 | 628,998 | ||||
| Number of patent applications | Integer | 42 | 42 | ||||