Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.20.2
Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
Schedule of Royalty Percentage of Revenue

On a quarterly basis, the Company remitted a royalty of a percentage (see table below) of company revenues less the retainer amounts.

 

Revenues   Royalty Percentage  
$0 - $25,000,000     3.0 %
$25,000,000 - $50,000,000     2.0 %
$50,000,000 - $100,000,000     1.0 %
Over $100,000,001     0.5 %