ROYALTY AGREEMENT |
9 Months Ended | |||
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Dec. 31, 2016 | ||||
Royalty Agreement [Abstract] | ||||
Royalty Agreement [Text Block] |
Prior to the acquisition of IMT in April 2012, IMT entered into a Patent License Agreement with an unrelated third party (the “Licensee”). Under the terms of the perpetual license agreement, the Company will receive royalties from the Licensee based on a licensed product sold by the Licensee. There was no royalty income during the three and nine-month periods ended December 31, 2016 and 2015 under the terms of the agreement. |
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- References No definition available.
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- Definition The entire disclosure royalty agreement. No definition available.
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