Quarterly report pursuant to Section 13 or 15(d)

Oklahoma Technology Commercialization Center

v3.4.0.3
Oklahoma Technology Commercialization Center
3 Months Ended
Mar. 31, 2016
Oklahoma Technology Commercialization Center [Abstract]  
OKLAHOMA TECHNOLOGY COMMERCIALIZATION CENTER
10. OKLAHOMA TECHNOLOGY COMMERCIALIZATION CENTER

 

At the time of the April 30, 2014 merger between MacroSolve, Inc. and Drone Aviation Holding Corp., MacroSolve had an $110,000 balance on its refundable award from the State of Oklahoma Technology Business Finance Program. The Company has not made any reductions in the award so it is in default. The parties are discussing a release from the debt that is unrelated to the current operations.