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Basis of Presentation and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Schedule of Cash and Restrcited Cash

As of March 31, 2018, cash of $555,831 ($256,005 – December 31, 2017) is restricted by a third-party co-investor to payments of costs and expenses associated with one of the Company’s IP monetization programs.

		March 31, 2018				December 31, 2017
Cash		$	3,728,086			$	4,188,623
Restricted Cash			555,831				256,005
Total		$	4,283,917			$	4,444,628

Schedule of Derivative Instruments

As of March 31, 2018, the Company has an interest rate swap agreement for its debt with RBS Citizens, N.A. (“Citizens Bank”) (see Note 5) which changes a variable rate into a fixed rate on a term loan as follows:

Notional				Variable				Fixed				Maturity
Amount				Amount				Cost				Date
$	902,939				4.82	%			5.87	%		August 30, 2021

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Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

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Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage.

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