Subsequent Events |
12 Months Ended | |
|---|---|---|
Dec. 31, 2015 | ||
| Subsequent Events [Abstract] | ||
| Subsequent Events [Text Block] | Note 15 — Subsequent Events The Company has been notified by legal counsel that a patent was issued on March 2, 2016 under the licensing agreement discussed within Footnote 7 – Intangible Assets and Footnote 13 – Commitment and Contingencies. As per the agreement, if the counterparty does not breach the agreement, the Company will be required to make a payment within 20 days of December 21, 2017 and each subsequent year, through the term of the agreement, in the amount of $20,000. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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