Quarterly report pursuant to Section 13 or 15(d)

Oklahoma Technology Commercialization Center

v3.5.0.2
Oklahoma Technology Commercialization Center
9 Months Ended
Sep. 30, 2016
Oklahoma Technology Commercialization Center [Abstract]  
OKLAHOMA TECHNOLOGY COMMERCIALIZATION CENTER
11.   OKLAHOMA TECHNOLOGY COMMERCIALIZATION CENTER

 

At the time of the April 30, 2014 merger between MacroSolve, Inc. (“MacroSolve”) and the Company, MacroSolve had a $110,000 balance on its refundable award from the State of Oklahoma Technology Business Finance Program. On September 23, 2016, the parties agreed to settle the obligation for $35,000 with the balance of $75,000 written off and recorded as debt forgiveness.