v3.20.1
Acquisition of Cooltech Corp.
12 Months Ended
Dec. 31, 2019
Cooltech Corp. [Member]  
Acquisition

NOTE 15—ACQUISITION OF COOLTECH CORP.

On June 1, 2018, the Company exercised an option to acquire all of the outstanding stock of a Canadian shell company called Cooltech Corp. for $1.00.  At the time of the acquisition, Cooltech Corp. had $21,000 in cash and $21,000 of accounts payable, plus entitlement to a pending claim in an intellectual property lawsuit.  Subsequent to the acquisition, the company recognized a $1,277,000 gain on the pending claim.