Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)

v3.2.0.727
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Cash, FDIC Insured Amount $ 250,000   $ 250,000    
Accounts receivable-net $ 704,061   $ 704,061   $ 216,997
Collection of revenue as Accounts receivable related to two licenses 0.12%   0.12%    
Collection of accounts receivable related to recurring royalties 34.00%   34.00%    
Received idemnification claim $ 375,750   $ 375,750    
Revenues from five licenses     63.00%    
Revenues from three licenses       100.00%  
Percentage of revenue 79.00% 95.00% 91.00% 100.00%  
Prepaid expenses and other current assets $ 124,436   $ 124,436   438,391
Outstanding litigation bonds 1,790,241   $ 1,790,241   1,946,196
Tax benefit     50.00%    
Deferred tax asset 10,257,415   $ 10,257,415   4,789,293
Deferred tax liability $ 1,256,480   $ 1,256,480   $ 1,823,884
Option to purchase common stock 2,866,393   2,866,393    
Warrants to purchase shares of common stock 2,021,308   2,021,308    
Expected forfeiture rate   12.80% 12.80%    
Compensation expenses   $ 5,947 $ 6,670    
Decrease in earnout payment $ (2,304,301)   $ (2,304,301)    
Decrease in short term liability (1,208,516)        
Decrease in long term liability $ (1,095,785)        
Cash covenant     Minimum cash covenant in amount of $1,000,000    
Portfolio [Member]          
Revenues from five licenses     54.00%    
Royalty Agreements [Member]          
Revenues from five licenses     86.00%    
Licensing Agreements [Member]          
Revenues from five licenses     14.00%