Non-controlling interest
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Dec. 31, 2014
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Noncontrolling Interest [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling Interest Disclosure [Text Block] | Note 10. Non–controlling interest The Company has the following non–controlling interest:
FanTD On February 10, 2014, the Company and MGT Sports entered into a Separation Agreement and Release (“Separation Agreement”) with an employee and original founder of FanTD (the “Founder”). As part of the agreement the Company entered into an Exchange Agreement which provided for the transfer of approximately 5% interest in FanTD, in exchange for 52,500 shares of the Company’s Common stock. The exchange was subject to the NYSE MKT’s approval of the listing of the additional shares, which was obtained on April 4, 2014. At the date of approval, the stock was valued at $103 or $1.96 per share. As a result of this transaction $266 was transferred out of the non–controlling interest into stockholders’ equity. On September 9, 2014 the Company acquired approximately 16% interest in FanTD for cash consideration of $7, as a result $885 was transferred out of the non–controlling interest into stockholders’ equity. On December 31, 2014 the Company acquired approximately 16% interest in FanTD, which represented the remaining non–controlling interest, for cash consideration of $4, resulting in a transfer of $79 out of the non–controlling interest into stockholders’ equity. |