Contingent Collateral Obligation
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12 Months Ended |
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Dec. 31, 2013
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Contingent Collateral Obligation [Abstract] | |
Contingent Collateral Obligation |
Note 9 – Contingent Collateral Obligation
In connection with the 2012 acquisition of Message Logic, LLC, the Company acquired software subject to a UCC filing in the amount of $350,000 plus accrued interest. The company believes that it will pay this lien regardless of whether they are required to pay any of the contingent purchase price and accordingly the liability has been recorded on the Company’s balance sheet.
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- Details
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- Definition
The entire disclosure pertaining to the contingent collateral obligation. No definition available.
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