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Subsequent Events
9 Months Ended
Sep. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events

Note 12: Subsequent Events

 

On October 8, 2015, the Company received a notification from GraphicMail Ltd, the Company’s third-party GraphicMail reseller in the United Kingdom, in which GraphicMail Ltd indicated its decision to terminate the reseller relationship with the Company. Under the provisions of the termination letter and the reseller agreement, GraphicMail Ltd will cease to sell and market GraphicMail on November 12, 2015. Provisions in the reseller agreement call for a 60-day transition period followed by the transfer of all customers to the Company. The reseller agreement also stipulates that the Company will pay GraphicMail Ltd up to one times the annual net revenues on these transferred customers over four quarterly installments over the next year following the transition period.

 

On November 4, 2015, the Company announced its intentions to eventually discontinue the GraphicMail brand and migrate its existing GraphicMail product customers to its SharpSpring product.

 

Also on November 4, 2015, the Company announced its intentions to change its name to SharpSpring, Inc. as of December 1, 2015 and change its trading ticker to SHSP on the same day.