Commitments And Contingencies

9 Months Ended

Jun. 30, 2012

Commitments And Contingencies [Abstract]

Commitments And Contingencies

Note 9 - Commitments and Contingencies

Prior to the acquisition of intellectual property disclosed in Note 2 to these condensed consolidated financial statements, the Company was obligated to pay royalties ranging from 7% to 50% on revenue generated by the sale of certain licensed software products. Royalty expense included in cost of software licenses was approximately $21,000 and $413,000, for the three months ended June 30, 2012 and 2011, respectively, and $1,116,000 and $1,126,000, for the nine months ended June 30, 2012 and 2011, respectively. The Company is not obligated to pay any minimum amounts for royalties.As a result of the acquisition of the intellectual property, the Company is no longer required to pay royalties related to its Monarch Report Analytics platform, exclusive of one final payment representing the amount that would have been due for the 30 day period ended April 30, 2012 had the closing of the acquisition not previously occurred. The final royalty payment related to the Monarch Report Analytics platform was made in July 2012.

From time to time, the Company is subject to claims and may be party to actions that arise in the normal course of business. The Company is not party to any litigation that management believes will have a material adverse effect on the Company’s condensed consolidated financial condition or results of operations.