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Patent Participation Fee
12 Months Ended
Dec. 31, 2012
Patent Participation Fee [Abstract]  
Patent Participation Fee [Text Block]

Note 9 – Patent Participation Fee

 

In 2003, CRBCI acquired a VoIP patent from a third party. Consideration provided was $100 plus a 35% residual payable to the third party relating to the net proceeds from future licensing and/or enforcement actions from the CRBCI VoIP Patent Portfolio. Net proceeds are defined as amounts collected from third parties net of the direct costs associated with putting the licensing or enforcement in place and related collection costs. The vendor of the VoIP Patent was also granted a first priority security interest in the patent in order to secure CRBCI’s obligations under the associated purchase agreement.