Oklahoma Patent of the Month – June 2024
Human Mode, LLC, a robotics company, is tackling the realm of virtual reality (VR) with a newly patented Authoring System.
This innovative system projects a mixed reality environment to a headset with ease, allowing non-experts to build their own virtual reality environments and bring their own dreams to life.
Users interact within this VR space through an intuitive action menu that displays pre-defined action scripts. These scripts, modules of computer code, are designed to modify the properties of objects within the VR environment. By dragging and dropping these scripts onto objects, users can seamlessly update their virtual surroundings, creating dynamic interactions without the need for extensive programming knowledge.
The invention addresses the complexity of traditional VR programming, making it accessible to a broader audience. This device allows for the identification and manipulation of objects either before or after user inputs, adding a layer of flexibility. Furthermore, it supports trigger conditions, enabling objects to respond to specific events within the VR world, enhancing the interactive experience.
Human Mode’s invention is a significant leap towards democratizing VR content creation. By simplifying the process of developing and editing VR environments, it empowers users across various fields—from entertainment to education—to harness the potential of VR technology. This innovation not only reduces the cost and skill barriers but also encourages a more widespread adoption of VR, promising a future where virtual worlds are crafted with ease and creativity.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
Are you eligible?
Why choose us?
Pass an Audit?
What is the R&D Tax Credit?
The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
R&D Tax Credit Preparation Services
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.
R&D Tax Credit Audit Advisory Services
creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.
Our Fees
Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/
Choose your state
