Fair Value

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Note 11. Fair Value

The authoritative guidance for fair value measurements defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or the most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact, and (iv) willing to transact. The guidance describes a fair value hierarchy based on the levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:

Level 1 – Quoted prices in active markets for identical assets or liabilities

Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities

Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities

The following table provides the liabilities carried at fair value measured on a recurring basis as of April 30, 2015 and October 31, 2014:

September 30, 2015	Level 1		Level 2		Level 3		Total
Investments – Viggle common shares	$	1,041	$	–	$	–	$	1,041
Investments – DDGG	$	–	$	–	$	1,380	$	1,380

December 31, 2014	Level 1		Level 2		Level 3		Total
	$	–	$	–	$	–	$	–

Investments – DDGG

	September 30,
	2015
Balance at December 31, 2014	$	–
Receipt of Investments – DDGG		1,380
Change in fair value		–
Balance at September 30, 2015	$	1,380