Oklahoma Technology Commercialization Center

12 Months Ended

Dec. 31, 2015

Oklahoma Technology Commercialization Center [Abstract]

OKLAHOMA TECHNOLOGY COMMERCIALIZATION CENTER

13. OKLAHOMA TECHNOLOGY COMMERCIALIZATION CENTER

At the time of the April 30, 2014 Redomestication, MacroSolve had an $110,000 past-due balance on its refundable award from the State of Oklahoma Technology Business Finance Program which includes accrued interest (imputed at 14.27%) through September 2007 after which interest no longer accrued. The Company has not made any reductions in the award so it is in default. The Company has proposed a settlement to be released from the debt that is unrelated to the current operations and is awaiting a response.