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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES        
Royalty Revenue $ 250,466 $ 225,393 $ 864,733 $ 596,151
Total Revenue 250,466 225,393 864,733 596,151
EXPENSES        
General and Administrative Expenses 125,867 110,444 442,758 344,778
INCOME FROM OPERATIONS 124,599 114,949 421,975 251,373
OTHER INCOME/(EXPENSE)        
Interest Income/(Expense), net 1,526 (338) 1,306 (1,259)
Settlement 0 0 0 97,161
TOTAL OTHER INCOME/(EXPENSE) 1,526 (338) 1,306 95,902
NET INCOME BEFORE INCOME TAXES 126,125 114,611 423,281 347,275
PROVISION FOR INCOME TAXES 76,566 0 76,566 0
NET INCOME $ 49,559 $ 114,611 $ 346,715 $ 347,275
NET INCOME PER SHARE-Basic and Diluted (in dollars per share) $ 0.000 $ 0.001 $ 0.002 $ 0.002
WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING-Basic and Diluted (in shares) 165,186,144 165,186,124 165,186,144 165,186,124