Annual report pursuant to Section 13 and 15(d)

Oklahoma Technology Commercialization Center

v2.4.1.9
Oklahoma Technology Commercialization Center
12 Months Ended
Dec. 31, 2014
Oklahoma Technology Commercialization Center [Abstract]  
OKLAHOMA TECHNOLOGY COMMERCIALIZATION CENTER
11. OKLAHOMA TECHNOLOGY COMMERCIALIZATION CENTER

 

At the time of the April 30, 2014 Redomestication, MacroSolve had an $110,000 past-due balance on its refundable award from the State of Oklahoma Technology Business Finance Program which includes accrued interest (imputed at 14.27%) through September 2007 after which interest no longer accrued. The parties are currently discussing a release from the debt that is unrelated to the current operations.