XML 55 R44.htm IDEA: XBRL DOCUMENT v3.20.2
Proceeds Investment Agreement Obligation (Details Narrative) - USD ($)
1 Months Ended 9 Months Ended 12 Months Ended
Jul. 22, 2020
Aug. 21, 2018
Jul. 31, 2018
May 31, 2019
Sep. 30, 2020
Dec. 31, 2019
Common stock, par value         $ 0.001 $ 0.001
Lump sum payment received           $ 6,000,000
2018 Proceeds Investment Agreement [Member] | Brickell Key Investments LP [Member]            
Funded amount     $ 10,000,000      
Investment agreement description     The Company agreed to assign to BKI (i) 100% of all gross, pre-tax monetary recoveries paid by any defendant(s) to the Company or its affiliates agreed to in a settlement or awarded in judgment in connection with the patent assets, plus any interest paid in connection therewith by such defendant(s) (the "Patent Assets Proceeds"), up to the minimum return (as defined in the Agreement) and (ii) if BKI has not received its minimum return by the earlier of a liquidity event (as defined in the Agreement) and July 31, 2020, then the Company agreed to assign to BKI 100% of the Patent Asset Proceeds until BKI has received an amount equal to the minimum return on $4.0 million.      
Payments of minimum return     $ 4,000,000      
Indebtedness     $ 500,000      
Common stock, par value     $ 0.001      
Description of warrants reflecting agreement          
Warrant to purchase shares of common stock     465,712      
Warrant exercise price     $ 2.60      
Lump sum payment received       $ 6,000,000    
Minimum return payment obligations       $ 6,000,000    
2018 Proceeds Investment Agreement [Member] | Brickell Key Investments LP [Member] | First Tranche [Member]            
Funded amount     $ 500,000      
2018 Proceeds Investment Agreement [Member] | Brickell Key Investments LP [Member] | Second Tranche [Member]            
Funded amount   $ 10,000,000 $ 9,500,000      
Number of option exercised   9,500,000        
Termination Agreement [Member]            
Payments for termination         $ 1,250,000  
Termination Agreement [Member] | Brickell Key Investments LP [Member]            
Payment for contract termination $ 1,250,000          
Contingent payment $ 2,750,000          
Contract termination description Under the terms of the Termination Agreement, upon payment of $1,250,000 by the Company to BKI both parties agreed to terminate the PIA and to release each other from any further liability thereunder. Such $1,250,000 payment was made on July 22, 2020. In addition to the $1,250,000 payment, the Company further agreed to pay BKI the following: (a) a contingent payment in the amount of $2,750,000 following the closing of an asset purchase, membership interest purchase, or similar transaction between the Company and a specified third-party (the "Purchase Transaction") and (b) any and all future proceeds received from Watchguard and its successors and assigns by the Company for WatchGuard's use of U.S. Patent Nos. 8,781,292 and 9,253,452. For clarity, the Company and BKI further agreed that the payment of the contingent payment would only be due and payable upon the closing of the specified Purchase Transaction and the relevant contingent payment portion of the Termination Agreement, and any obligations stemming therefrom, would automatically terminate if the specified Purchase Transaction is abandoned prior to its closing, including its failure to close within three years from the date of the Termination Agreement. The specified Purchase Transaction has not yet occurred and there is no binding agreement to complete such Purchase Transaction.