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Note K - Related Party
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
NOTE K—RELATED PARTY
 
Licensing Agreement with Subsidiaries of China Goldjoy Group Limited.
 
On
November
11,
2015
our subsidiary BIO-key Hong Kong Limited entered into a license purchase agreement with certain subsidiaries of China Goldjoy Group Limited (“CGG”). The license agreement provides for the grant of a perpetual, irrevocable, exclusive, worldwide, fully-paid license to all software and documentation regarding the software code, toolkit, electronic libraries and related technology currently known as or offered under the Finger Q name, together with perpetual license under all related patents held by the licensors and any other intellectual property rights owned by the licensors related to the forgoing software.  We made a
one
-time payment of
$12,000,000
to the licensors. Mr. Yao Jianhu is the chairman and chief executive officer of CGG and a director of the Company. Mr. Wong Kwok Fong served as the chief technology officer of CGG through
October
2016
and is the beneficial owner of
17.2%
of our common stock, and a director and executive officer of the Company.
 
Securities Purchase Agreement with Wong Kwok Fong
 On
November
18,
2016,
we issued to Wong Kwok Fong, a director and executive officer of the Company
516,667
shares of common stock at a purchase price of
$3.60
per share for gross cash proceeds of
$1,860,000.