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Asset Acquisitions
3 Months Ended
Mar. 31, 2016
Business Combinations [Abstract]  
Asset Acquisitions

Note 4: Asset Acquisitions

 

In the fourth quarter of 2015 and the first quarter of 2016, the Company entered into separation agreements with three third-party GraphicMail resellers to terminate the reseller arrangements and for the Company to purchase the customer relationships that each had accumulated as a GraphicMail reseller. Pursuant to the terms of the separation agreements, the Company will make cash payments to the resellers in exchange for the rights to the customer relationships. The Company accounted for these purchases as intangible asset acquisitions. The aggregate estimated purchase price for the intangible assets acquired during the quarter ended December 31, 2015 and March 31, 2016 was approximately $574,000 and $26,542, respectively. As of March 31, 2016, $382,202 of the consideration had been paid and $237,973 was included in accrued liabilities on the consolidated balance sheet.