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PLM SALE (Details)
Oct. 14, 2016
USD ($)
shares
PLM Sale Details  
Gain on the PLM sale recorded $ 2,800,000
Gain on the PLM sale composed of purchase price 3,250,000
Gain on the PLM sale composed of assumption of buyer in support service obligations 1,000,000
Goodwill and transaction related expenses 1,500,000
Intangible assets related to goodwill and capitalized software 940,000
Outstanding debt under the Note and Short Term Note repaid by the proceeds from the sale $ 1,250,000
Repurchase of common shares by the proceeds from the sale | shares 110,000
Repurchase of common shares by the proceeds from the sale, value $ 722,700
Contingent payments will only be due if the revenue in the first twelve month period exceeds 3,200,000
Contingent payments will only be due if the revenue in the second twelve month period exceeds 3,750,000
Company will earn a contingent payment $ 75,000
Percent of amount in excess of the revenue threshold 12.50%
Maximum aggregate liability of the Company under the Asset Purchase Agreement $ 3,250,000
Escrow account established as part of the transaction to cover indemnification claims $ 162,500