Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)

v3.3.0.814
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)
3 Months Ended 9 Months Ended
Sep. 30, 2015
USD ($)
agreement
shares
Sep. 30, 2014
USD ($)
agreement
Sep. 30, 2015
USD ($)
agreement
shares
Sep. 30, 2014
USD ($)
agreement
Dec. 31, 2014
USD ($)
Cash, FDIC Insured Amount $ 250,000   $ 250,000    
Allowance for bad debt 0   0   $ 0
Accounts receivable-net $ 2,326,717   $ 2,326,717   $ 216,997
Collection of revenue as Accounts receivable related to two licenses 81.00%   81.00%    
Collection of accounts receivable related to recurring royalties 3.00%   3.00%    
Received idemnifiication claim $ 375,750   $ 375,750    
Indemnification claim as related to accounts receivable 16.00%   16.00%    
Percent of total A/R associated with outstanding recurring royalties         86.00%
Percent of A/R associated with outstanding outstanding license payment         14.00%
Revenues from five licenses 87.00% 100.00%      
Percent of revenue from one-time issuance of non-recurring, non-exclusive, non-assignable licenses for certain patents 97.00% 100.00% 94.00% 100.00%  
Number of new license agreements | agreement 11        
Prepaid expenses and other current assets $ 114,953   $ 114,953   $ 438,391
Outstanding litigation bonds 1,794,226   1,794,226   1,946,196
Clouding IP earn out - current portion 327,757   327,757   2,092,000
Clouding IP earn out 6,222,895   6,222,895   7,360,000
Deferred tax asset 10,529,693   10,529,693   4,789,293
Deferred tax liability $ 1,056,406   $ 1,056,406   $ 1,823,884
Option to purchase common stock | shares 2,886,392   2,886,392    
Warrants to purchase shares of common stock | shares 2,021,308   2,021,308    
Expected forfeiture rate 11.66%   11.66%    
Compensation expenses $ 8,423 $ 0 $ 16,004 $ 0  
Decrease in earnout payment $ 597,047   $ 2,901,348    
Cash covenant     minimum cash covenant in the amount of $1,000,000.    
Customer Concentration Risk [Member]          
Number of licenses | agreement 5 5 5 5  
Credit Concentration Risk [Member]          
Number of licenses | agreement 2   2