XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Royalty Revenue $ 188,383 $ 172,810 $ 354,948 $ 332,099
Total Revenue 188,383 172,810 354,948 332,099
EXPENSES        
General and Administrative Expenses 126,218 135,362 248,198 291,041
INCOME FROM OPERATIONS 62,165 37,448 106,750 41,058
OTHER INCOME/(EXPENSE)        
Interest Income/(Expense), net (720) (1,444) (1,563) (2,148)
Licensee Forfieture Income 0 20,000 0 20,000
TOTAL OTHER INCOME/(EXPENSE) (720) 18,556 (1,563) 17,852
INCOME BEFORE INCOME TAXES 61,445 56,004 105,187 58,910
PROVISION FOR INCOME TAXES 0 0 0 0
NET INCOME $ 61,445 $ 56,004 $ 105,187 $ 58,910
NET INCOME PER SHARE-Basic and Diluted (in dollars per share) $ 0.000 $ 0.000 $ 0.001 $ 0.000
WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING-Basic and Diluted (in shares) 165,186,124 165,186,124 165,186,124 165,186,124