XML 21 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments
3 Months Ended
Mar. 31, 2014
DecisionPoint Systems, Inc. [Member]
 
Investment [Line Items]  
Investments in advance to affiliates subsidiaries associates and joint ventures
2.    INVESTMENT IN DECISIONPOINT SYSTEMS, INC.
As further described in the 2013 10K, on July 31, 2012, the Company sold the Illume Mobile assets and operations to DecisionPoint Systems, Inc. (DPSI) for $250,000 cash and 617,284 shares of DPSI stock. The shares were recorded at fair value on July 31, 2012 of $698,000. In accordance with ASC 320, the stock is classified as available-for-sale equity and the unrealized market gains or losses are recorded as Other Comprehensive Income. The shares were valued at fair value of $253,086 and $324,190 at March 31, 2014 and December 31, 2013, respectively, with the decrease in fair value of $71,104 at March 31, 2014 recorded in Other Comprehensive Income.
MEDL Mobile Holdings, Inc [Member]
 
Investment [Line Items]  
Investments in advance to affiliates subsidiaries associates and joint ventures
3.    INVESTMENT IN MEDL MOBILE HOLDINGS, INC.
As further described in the 2013 10K, on March 8, 2013, the Company entered into an agreement with MEDL Mobile Holdings, Inc. (MEDL) to bring forth a program that offers access to the Company’s ‘816’ patent to app developers. MEDL received the right to grant a license to its clients on a ‘per install’ basis on a revenue sharing arrangement with the Company. As a part of the agreement, each Company received $50,000 worth of the other’s stock with the price per share determined by the Volume Weighted Average Price (“VWAP”) for each stock for the last twenty trading days prior to execution of the agreement. The Company received 147,692 shares of MEDL stock priced at $0.34 per share and MEDL received 2,500,000 shares of the Company’s stock priced at $0.02 per share. The shares were recorded at fair value on March 8, 2013 of $58,338. In accordance with ASC 320, the stock is classified as available-for-sale equity and the unrealized market gains or losses are recorded as Other Comprehensive Income. The shares were valued at fair value of $31,017 and $39,537 at March 31, 2014 and December 31, 2013, respectively, with the decrease in fair value of $8,520 at March 31, 2014 recorded in Other Comprehensive Income.
Endexx Corporation [Member]
 
Investment [Line Items]  
Investments in advance to affiliates subsidiaries associates and joint ventures
4.    INVESTMENT IN ENDEXX CORPORATION
 
As further described in the 2013 10K, on June 5, 2013, the Company entered into six month agreement with Endexx Corporation (EDXC) to coordinate business planning, investor interests and intellectual property for a mobile app venture that uniquely addresses advertising market analytics. Additionally, Endexx received a variable limited ‘816’ license during the course of the business advisory engagement while its app is in development with the agreement that a permanent license will be negotiated upon completion.  Endexx paid the Company $15,000 compensation by issuing 125,000 shares of EDXC restricted stock priced at $.12 per share. The shares were recorded at fair value on June 5, 2013 for an amount of $15,000. In accordance with ASC 320, the stock is classified as available-for-sale equity and the unrealized market gains or losses are recorded as Other Comprehensive Income. The shares were valued at fair value of $31,250 and $7,675 at March 31, 2014 and December 31, 2013, respectively, with the increase in fair value of $23,575 at March 31, 2014 recorded in Other Comprehensive Income.