XML 27 R30.htm IDEA: XBRL DOCUMENT v3.3.0.814
Going Concern and Management plans (Details Textual) - USD ($)
$ in Thousands
9 Months Ended
Sep. 08, 2015
Sep. 30, 2015
Dec. 31, 2014
Sale Of Stock Offering Price   $ 8,500  
Retained Earnings (Accumulated Deficit)   (302,606) $ (299,163)
Restricted Cash and Investments   467  
Common Stock, Value, Subscriptions   $ 5,400  
Sale of Stock, Number of Shares Issued in Transaction   3,155,000  
Proceeds from Issuance of Common Stock   $ 1,695  
Description of Asset Purchase Agreement In exchange for the DraftDay Business, Viggle paid MGT Sports the following: (a) 1,269,342 shares of Viggles common stock, par value $0.001 per share, (b) a promissory note in the amount of $234 due September 29, 2015 (the September 2015 Note), (c) a promissory note in the amount of $1,875 due March 8, 2016 (the March 2016 Note), and (d) 2,550,000 shares of common stock of DDGG. In addition, in exchange for providing certain transitional services, DDGG issued to MGT Sports a warrant to purchase 1,500,000 shares of DDGG common stock at an exercise price of $0.40 per share. Following consummation of the transactions of the Asset Purchase Agreement, including certain agreements between Viggle and third parties, MGT Sports owns 2,550,000 shares of DDGG common stock, Viggle owns 11,250,000 shares of DDGG common stock, and Sportech, Inc. own 9,000,000 shares of DDGG common stock. In exchange for the DraftDay Business, Viggle paid MGT Sports the following: (a) 1,269,342 shares of Viggles common stock, par value $0.001 per share, (b) a promissory note in the amount of $234 due September 29, 2015 (the September 2015 Note), (c) a promissory note in the amount of $1,875 due March 8, 2016 (the March 2016 Note), and (d) 2,550,000 shares of common stock of DDGG.  
Decrease In Operating Costs $ 125