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License Agreement
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
License Agreement

NOTE 14. LICENSE AGREEMENT

 

In August 2018, the Company executed a license agreement with IPVideo Corporation (“IPVideo”) where the Company licensed the View Scan Concealed Weapons Detection System and all related hardware, software, documentation and manufacturing detail to IPVideo. IPVideo is required to pay $300 to the Company per View Scan unit sold by IPVideo. No units were sold by IPVideo during 2018 or 2019 under this license.