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)
 6 Months Ended
Jun. 30, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of concentration of revenue and geographic area

 

For the Three Months Ended June 30, 2017

 

For the Three Months Ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Licensor

 

License Amount

 

% of Revenue

 

Licensor

 

License Amount

 

% of Revenue

 

Munitech IP S.a.r.l.

 

$
200,000

 
54%

 

Dynamic Advances, LLC

 

$
24,900,000

 
72

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signal IP, Inc.

 

$
65,000

 
18%

 

Orthophenix, LLC

 

$
4,500,000

 
13

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Orthophenix, LLC

 

$
3,750,000

 
11

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Orthophenix, LLC

 

$
600,000

 
2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signal IP, Inc.

 

$
310,000

 
1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 
72%

 

 

 

Total

 
99

%

 

Schedule of computation of basic and diluted loss per share

 

 

 

For the Three Months
Ended June 30, 2017

 

For the Three Months
Ended June 30, 2016

 

For the Six Months
Ended June 30, 2017

 

For the Six Months
Ended June 30, 2016

Net income (loss) attributable to Common shareholders

 

$
(2,200,792)

 

$
7,906,279

 

$
(5,807,439)

 

$
4,012,866

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average common shares - Basic

 
22,566,648

 
14,994,697

 
20,822,791

 
14,980,919

Weighted average common shares - Diluted

 
22,566,648

 
16,031,564

 
20,822,791

 
16,017,786

 

 

 

 

 

 

 

 

 

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

Earnings (loss) - Basic

 

$
(0.10)

 

$
0.53

 

$
(0.28)

 

$
0.27

Earnings (loss) - Diluted

 

$
(0.10)

 

$
0.49

 

$
(0.28)

 

$
0.25