Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.3.0.814
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2015
Summary Of Significant Accounting Policies Tables  
Schedule of Concentration of Revenue and Geographic Area

 

For the Three Months Ended September 30, 2015

 

For the Three Months Ended September 30, 2014

Licensor

 

License
Amount

 

% of Revenue

 

Licensor

 

License
Amount

 

% of Revenue

Orthophoenix, LLC

 

$
2,050,000 

 
32%

 

Clouding Corp.

 

$
10,500,000 

 
78%

IP Liquidity Ventures, LLC

 

 
1,800,000 

 
28%

 

Selene Communications Technologies, LLC

 

$
2,900,000 

 
22%

TLI Communications LLc / TLI Communications GmbH

 

$
800,000 

 
13%

 

Selene Communications Technologies, LLC

 

$
35,472 

 
0%

Clouding Corp.

 

$
500,000 

 
8%

 

Cyberfone Systems LLC

 

$
10,000 

 
0%

Signal IP, Inc.

 

$
400,000 

 
6%

 

Cyberfone Systems LLC

 

$
10,000 

 
0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 
87%

 

 

 

Total

 
100%

 

Schedule of Basic and Diluted Loss Per Share

 

 

For the Three
Months Ended
September 30, 2015

 

For the Three
Months Ended
September 30, 2014

 

For the Nine
Months Ended
September 30, 2015

 

For the Nine
Months Ended
Septemer 30, 2014

 

 

 

 

 

 

 

 

 

Net income (loss)

 
(3,750,468)

 

  $
3,522,604

 
(13,034,736)

 

  $
1,652,250

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted Average Common Shares - Basic

 
14,376,118

 
11,500,500

 
14,094,891

 
11,197,374

Weighted Average Common Shares - Diluted

 
14,376,118

 
15,966,454

 
14,094,891

 
14,926,504

 

 

 

 

 

 

 

 

 

Earnings (Loss) per common share:

 

 

 

 

 

 

 

 

Income (Loss) - Basic

 

  $
(0.26)

 

  $
0.31

 

  $
(0.92)

 

  $
0.15

Income (Loss) - Diluted

 

  $
(0.26)

 

  $
0.22

 

  $
(0.92)

 

  $
0.11