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License Agreement
12 Months Ended
Dec. 31, 2020
License Agreement  
License Agreement

15. 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 details to IPVideo. IPVideo is required to pay $300 to the Company per View Scan unit sold by IPVideo. The contract is exclusive manufacturing without cancelation clause for the current View Scan model. Units were sold by IPVideo during 2020 amounting to $2,904 and none in 2019 under this license.