Note 6 - Disposition

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

6. Disposition

In December 2011, IPC completed the sale of substantially all of the operating assets and liabilities of its insurance lead generation business to Bankrate for an aggregate cash purchase price of $63.8 million resulting in a gain of $53.7 million, net of tax. During the quarter ended June 30, 2012, IPC received a supplemental payment from Bankrate of $67,000 related to the collection of outstanding accounts receivable at the Disposition Date. The $67,000 was reported as Other Income for the three months ended, June 30, 2012. As a result of this sale, IPC no longer conducts the lead generation business. Instead, IPC now operates a Patent Licensing Business.