Participation Rights	12 Months Ended
Jun. 30, 2014
Participation Rights
Note 9 - Participation Rights	During 2013, MV Patents obtained funding from various unrelated third party investors. The investors have the right to participate in future monetary amounts related to net recoveries of the patents held by MV Patents. The investors have the option to convert their Participation Rights contingent upon MV Patents obtaining subsequent funding of at least $2,250,000. The contingent conversion option allows the investors to convert $100 of their initial participation right into $120 of the subsequent funding in the pursuit of monetizing patents. The Participation rights accrue interest at eight percent per annum and cease upon conversion. In the event that no conversion occurs, the investors have the right to receive their original participation investment and accrued interest, plus two times their original participation investment. MV Patents has no obligation to make any payments to the investors unless net recoveries are obtained. As of June 30, 2013, the MV Patents balance sheet includes a liability for Participation Rights of $150,000. The contingent conversion option will be recorded at the date MV Patents can estimate the proceeds from the net recoveries. During 2013, MV Patents received $125,000 in cash related to a funding agreement from an unrelated third- party investor. The investor has the obligation to fund an additional $375,000 upon MV Patents obtaining subsequent financing of $2,250,000. Related to the funding agreement, the investor has the right to participate in the net recoveries pursuant to a predetermined schedule that escalates the payments based on increasing net recoveries. As of June 30, 2013, the MV Patents balance sheet includes a liability for this Participation Right of $125,000. MV Patents will amortize the above Participation Rights under the units of revenue method at the time the Company can reasonably estimate the potential net recoveries earned. MV Patents has classified the Participation Rights as a long-term liability as net recoveries were not expected in the next twelve months. MV Patents did not earn net recoveries during the period July 1, 2013 to February 6, 2014.

Participation Rights

12 Months Ended

Jun. 30, 2014

During 2013, MV Patents obtained funding from various unrelated third party investors. The investors have the right to participate in future monetary amounts related to net recoveries of the patents held by MV Patents. The investors have the option to convert their Participation Rights contingent upon MV Patents obtaining subsequent funding of at least $2,250,000. The contingent conversion option allows the investors to convert $100 of their initial participation right into $120 of the subsequent funding in the pursuit of monetizing patents. The Participation rights accrue interest at eight percent per annum and cease upon conversion. In the event that no conversion occurs, the investors have the right to receive their original participation investment and accrued interest, plus two times their original participation investment. MV Patents has no obligation to make any payments to the investors unless net recoveries are obtained. As of June 30, 2013, the MV Patents balance sheet includes a liability for Participation Rights of $150,000. The contingent conversion option will be recorded at the date MV Patents can estimate the proceeds from the net recoveries.

During 2013, MV Patents received $125,000 in cash related to a funding agreement from an unrelated third- party investor. The investor has the obligation to fund an additional $375,000 upon MV Patents obtaining subsequent financing of $2,250,000. Related to the funding agreement, the investor has the right to participate in the net recoveries pursuant to a predetermined schedule that escalates the payments based on increasing net recoveries. As of June 30, 2013, the MV Patents balance sheet includes a liability for this Participation Right of $125,000.

MV Patents will amortize the above Participation Rights under the units of revenue method at the time the Company can reasonably estimate the potential net recoveries earned. MV Patents has classified the Participation Rights as a long-term liability as net recoveries were not expected in the next twelve months. MV Patents did not earn net recoveries during the period July 1, 2013 to February 6, 2014.