Investment In Partnerships

12 Months Ended

Dec. 31, 2017

Investment In Partnerships [Abstract]

9. INVESTMENT IN PARTNERSHIPS

Investment in partnerships consisted of the following:


		December 31,		December 31,
		2017		2016
Investment in and cash advance for Soundperience	$	842	$	-
Investment in Signison		498		-
Other		276		146
Total	$	1,616	$	146

The Company has an agreement to acquire a 49% ownership interest and a technology license in Soundperience for 1,500 Euros. As of December 31, 2017, the Company held a 16% ownership interest in Soundperience, which increases to 49% upon the completion of certain milestones and payment of the purchase price for that equity. As of December 31, 2017, the Company had an investment in Soundperience of $1,415, consisting of an equity investment, cash advance and license agreement. Soundperience is accounted for in the Company’s financial statements using the cost method. In January 2018, the Company closed on the additional 33% stake in Soundperience. The Company has included the technology license obtained in other assets. Upon obtaining 49% ownership in 2018, Soundperience will be accounted for in the Company’s financial statements using the equity method.

The Company has a 50% stake in Signison as of December 31, 2017. Signison is accounted for in the Company’s financial statements using the equity method.