Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of concentration of revenue and geographic area

For the Three Months Ended March 31, 2017

 

For the Three Months Ended March 31, 2016

Licensor

 

License
Amount

 

% of Revenue

 

Licensor

 

License
Amount

 

% of Revenue

 

 

 

 

 

 

Signal IP, Inc.

 

$
1,900,000

 
92%

 

 

 

 

 

 

Signal IP, Inc.

 

$
15,000

 
1%

% of Total Revenues

 
0%

 

% of Total Revenues

 
93%

 

Schedule of computation of basic and diluted loss per share

 

 

For the Three Months
Ended March 31, 2017

 

For the Three Months
Ended March 31, 2016

 

 

 

 

 

Net loss

 
(3,606,646)

 
(3,893,413)

 

 

 

 

 

Denominator

 

 

 

 

Weighted Average Common Shares - Basic

 
19,059,559

 
14,967,141

Weighted Average Common Shares - Diluted

 
19,059,559

 
14,967,141

 

 

 

 

 

Loss per common share:

 

 

 

 

Loss - Basic

 

$

 (0.19)

 

$

 (0.26)

Loss - Diluted

 

$

 (0.19)

 

$

 (0.26)