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Equity Method Investments (Restated) (Tables)
9 Months Ended
Sep. 30, 2013
Equity Method Investments And Joint Ventures [Abstract]  
Schedule of Company's Ownership Interest and Investment in TekMate and AWN

The following table provides the Company’s ownership interest and investment in TekMate and AWN at the dates indicated:

 

           September 30,         
     Ownership     2013      December 31,  
     Interest     (restated)      2012  

TekMate, LLC

     49   $ 2,024       $ 2,028   

Alaska Wireless Network, LLC

     33     268,675         —     
Components of Gain on Sale of Assets

The following table represents the calculation of the gain:

 

Consideration received:

  

Investment

   $ 266,000   

Cash

     100,000   
  

 

 

 

Total consideration received

     366,000   

Consideration provided:

  

Net intangible and tangible assets

     (90,500

Deferred AWN Capacity Revenue

     (68,182
  

 

 

 

Total consideration provided

     (158,682
  

 

 

 

Gain on disposal of assets

   $ 207,318   
  

 

 

 
Condensed Financial Information

Condensed financial information on AWN is as follows:

 

     September 30,
2013
 

Current Assets

   $ 76,857   

Non-Current Assets

   $ 530,908   

Current Liabilities

   $ 26,136   

Non-Current Liabilities

   $ 43,190   

Equity

   $ 631,382   
     Inception to
September 30,
2013
 

Operating Revenues

   $ 58,826   

Gross Profit

   $ 36,568   

Operating Income

   $ 25,333   

Net Income

   $ 25,259   

Adjusted Free Cash Flow (1)

   $ 20,068   

 

(1)  Adjusted free cash flow as defined in the AWN Operating Agreement