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Organization (Tables)
12 Months Ended
Dec. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]  
Fair Value of Net Assets Assumed In Consideration For Sale Of Business Assets [Table Text Block]
Viggle Common shares received at closing share price of $1.30 $1,650 
Viggle promissory notes  2,109 
DDGG Common shares received at fair market value of $0.40 per share (1)  1,020 
DDGG stock purchase warrants received (2)  360 
Total consideration $5,139 

 

The transaction resulted in a loss on the sale of $387.

 

(1)DDGG Common shares were valued based on recent equity sales by DDGG to Viggle. Viggle purchased shares of DDGG at a price of $0.40 per share.

 

(2)The Company determined fair value of the warrants received utilizing a Black–Scholes option pricing model. The Company utilized the following assumptions: fair value of Common share of DDGG stock – $0.40 per share, exercise price of $0.40, risk free rate of 0.65%, expected volatility of 98% which is the 3–year historical volatility of the Company’s Common stock.

 

(3)DraftDay.com assets consist of the following:

 

IT equipment $17 
Domain  39 
Player deposit liability  (786)
Cash – Player deposits  786 
Customer list  101 
Source Code  420 
Goodwill  4,948 
Total $5,525 

 

Note: Viggle subsequently changed their name to DraftDay.com Fantasy Sports, Inc. and its ticker symbol changed from VGGL to DDAY.

Schedule of Recognition of Agreement [Table Text Block]

 

Cash $35 
Intangible assets  (179)
Loss on sale $144