RELATED PARTY TRANSACTIONS	3 Months Ended
Mar. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 8 – RELATED PARTY TRANSACTIONS We have a licensing agreement for exclusive use of patents and pending patents with Michigan State University (“MSU”), a shareholder of the Company via the MSU Foundation. During the three months ended March 31, 2020 and 2019 we recorded licensing expense of zero and $12,500 per quarter, respectively. Effective January 1, 2020, we have suspended accruing any royalty payable under this license as we renegotiate the agreement. During the three months ended March 31, 2020 we did not issue any Series A Preferred or Series B Preferred stock.

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2020

NOTE 8 – RELATED PARTY TRANSACTIONS

We have a licensing agreement for exclusive use of patents and pending patents with Michigan State University (“MSU”), a shareholder of the Company via the MSU Foundation. During the three months ended March 31, 2020 and 2019 we recorded licensing expense of zero and $12,500 per quarter, respectively. Effective January 1, 2020, we have suspended accruing any royalty payable under this license as we renegotiate the agreement.

During the three months ended March 31, 2020 we did not issue any Series A Preferred or Series B Preferred stock.

XG SCIENCES INC 10-Q