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Auto Data, Inc.
3 Months Ended
Mar. 31, 2013
Auto Data, Inc. [Abstract]  
Auto Data, Inc.

Note 7.  Auto Data, Inc. 

 

On September 16, 2011, the Company sold its entire interest in its AutoData Systems Division to Auto Data, Inc. (ADI).  The purchase price will be paid as an earn-out based on three percent of the software, hardware, and maintenance contracts that ADI sells over the next five years (four percent while ADI continues to occupy the Company’s building).  As of March 31, 2013 and December 31, 2012, ADI owed the Company approximately $3,000 and $0, respectively, under the earn-out.  The amount is included in other current assets on the consolidated balance sheet.  For the three-month periods ended March 31, 2013 and 2012, the Company recognized approximately $3,000 each quarter as other income from ADI under the earn-out agreement.