SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2015

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

On April 16, 2015, the Company completed the sale of XSense touch sensor assets to UniPixel, Inc. In connection with the transaction, the Company transferred its XSense related manufacturing assets to UniPixel, which is also assuming related costs, and separately licensed to UniPixel its XSense patent portfolio and other intellectual property, which the Company is retaining.  The intellectual property licenses have an initial five year term, renewable by UniPixel for an additional ten years.  The Company will receive minimum royalties during the initial five year term equal to $16.3 million, of which $9.3 million was prepaid in cash at the close of the transaction. The Company also agreed to lease facilities and provide transitional support to UniPixel for a limited period of time.