Cyclone License Rights and Deferred Revenue (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | |
---|---|---|---|
Apr. 30, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Purchase of licensing rights | |||
Licensing rights | $ 69,271 | 113,021 | |
License rights amortization period | 4 years | ||
Amortization expense | $ 43,750 | $ 43,750 | |
Cyclone [Member] | |||
Purchase of licensing rights | $ 175,000 | ||
Term of patent | 20 years | ||
Renewal term of patent | 10 years | ||
Royalty percentage payable | 5.00% | ||
Cyclone and Phoenix Power Group [Member] | |||
Deferred revenue | $ 250,000 | ||
Phoenix [Member] | |||
Deferred revenue | 250,000 | ||
Phoenix [Member] | After Completion of Engine Performance Testing [Member] | |||
Deferred revenue to be recognized | 150,000 | ||
Phoenix [Member] | Per Engine [Member] | |||
Deferred revenue to be recognized | $ 10,000 |
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- Definition Renewal term of the patent, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition The royalty payable expressed as a percentage of gross sales. No definition available.
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- Definition Term of the patent in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized that was previously reported as deferred or unearned revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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