QSAM Biosciences, Inc. Transition report pursuant to Rule 13a-10 or 15d-10

Transition report pursuant to Rule 13a-10 or 15d-10

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

CYCLONE SEPARATION, LICENSE RIGHTS AND DEFERRED REVENUE (Narrative) (Details)

v3.3.1.900

CYCLONE SEPARATION, LICENSE RIGHTS AND DEFERRED REVENUE (Narrative) (Details) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2014	Dec. 31, 2015	Dec. 31, 2014
Purchase of licensing rights			$ 175,000
Term of patent		20 years
Renewal term of patent		10 years
Licensing rights		$ 113,021	156,771
License rights amortization period		4 years
Amortization expense		$ 43,750	$ 18,229
Cyclone [Member]
Minority interest ownership percentage		3.00%	17.63%
Licensing rights		$ 113,021	$ 156,771
Cyclone [Member]
Membership interests in LLC exchanged for shares in the Company	1,132,268
Number of shares in the Company received	1,924,855
Purchase of licensing rights	$ 175,000
Royalty percentage payable		5.00%
Phoenix [Member]
Deferred revenue		$ 250,000
Phoenix [Member] \| After Completion of Engine Performance Testing [Member]
Deferred revenue to be recognized		150,000
Phoenix [Member] \| On Delivery of the First 10 Engines [Member]
Deferred revenue to be recognized		100,000
Phoenix [Member] \| Per Engine [Member]
Deferred revenue to be recognized		10,000
Clean Carbon of Australia [Member]
Deferred revenue		$ 10,064

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