iCoreConnect Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Details Narrative)

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Lease [Member]
Payments of lease liabilities	$ 67,000
Lease costs	57,000
Undiscounted minimum lease commitments	$ 58,000
January 1, 2019 [Member] \| Lease [Member]
Weighted-average incremental borrowing rate	11.90%
Weighted-average remaining lease term	1 year 7 months 5 days
Increase (decrease) in assets due to adoption of ASU 2016-02	$ 112,000
Increase (decrease) in liabilities due to adoption of ASU 2016-02	125,000
Increase (decrease) in retained earnings due to adoption of ASU 2016-02	$ (13,000)
Murali Chakravarthi [Member] \| November 1, 2019 [Member] \| Chakravarthi 2018 Agreement [Member]
Common stock shares issuable upon exercise of stock options vested	100,000
Murali Chakravarthi [Member] \| November 1, 2020 [Member] \| Chakravarthi 2018 Agreement [Member]
Common stock shares issuable upon exercise of stock options vested	100,000
Murali Chakravarthi [Member] \| November 1, 2018 [Member] \| Chakravarthi 2018 Agreement [Member]
Common stock shares issuable upon exercise of stock options vested	100,000
Annual base salary	$ 120,000
Term of agreement	3 years
Common stock shares issuable upon exercise of stock options	300,000
Description for the termination of agreement	(i) due to a change in control Mr. Chakravarthi will continue to receive his base salary and his annual bonus computed at 100% of his base salary for the six month period following the date of termination, (ii) due to death or disability Mr. Chakravarthi or his estate will continue to receive his base salary during the six month period following the date of termination, (iii) by the Company without cause Mr. Chakravarthi will continue to receive his base salary for the six month period following the date of termination or through the end of the employment period, whichever is longer
David Fidanza [Member] \| October 1, 2020 [Member] \| Fidanza 2018 Agreement [Member]
Common stock shares issuable upon exercise of stock options vested	100,000
Annual base salary	$ 130,000
David Fidanza [Member] \| October 1, 2019 [Member] \| Fidanza 2018 Agreement [Member]
Common stock shares issuable upon exercise of stock options vested	100,000
Annual base salary	$ 125,000
David Fidanza [Member] \| October 1, 2018 [Member] \| Fidanza 2018 Agreement [Member]
Common stock shares issuable upon exercise of stock options vested	100,000
Annual base salary	$ 115,000
Term of agreement	3 years
Common stock shares issuable upon exercise of stock options	300,000
Description for the termination of agreement	(i) due to a change in control Mr. Fidanza will continue to receive his base salary and his annual bonus computed at 100% of his base salary for the six month period following the date of termination, (ii) due to death or disability Mr. Fidanza or his estate will continue to receive his base salary during the six month period following the date of termination, (iii) by the Company without cause Mr. Fidanza will continue to receive his base salary for the six month period following the date of termination or through the end of the employment period, whichever is longer
Robert McDermott [Member] \| Employment agreement [Member]
Restricted shares issued/awarded as bonus	800,000	350,000
Bonus paid to officer under agreement	$ 75,000
Robert McDermott [Member] \| July 1, 2019 [Member] \| Employment agreement [Member]
Common stock shares issuable upon exercise of stock options vested	233,333
Annual base salary	$ 262,500
Robert McDermott [Member] \| July 1, 2020 [Member] \| Employment agreement [Member]
Common stock shares issuable upon exercise of stock options vested	233,334
Annual base salary	$ 275,500
Robert McDermott [Member] \| July 1, 2021 [Member] \| Employment agreement [Member]
Annual base salary	$ 289,000
Robert McDermott [Member] \| July 1, 2018 [Member] \| Employment agreement [Member]
Common stock shares issuable upon exercise of stock options vested	233,333
Annual base salary	$ 250,000
Term of agreement	3 years 6 months
Common stock shares issuable upon exercise of stock options	700,000
Description for the termination of agreement	(i) due to a change in control Mr. McDermott will continue to receive his base salary and his annual bonus computed at 100% of his base salary for the 24 month period following the date of termination, (ii) due to death or disability Mr. McDermott or his estate will continue to receive his base salary during the six month period following the date of termination, (iii) by the Company without cause Mr. McDermott will continue to receive his base salary for the 18 month period following the date of termination or through the end of the employment period, whichever is longer