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Auto Data, Inc.
9 Months Ended
Sep. 30, 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 during the five years following the date of sale (four percent while ADI continues to occupy space in the Company’s building).  As of September 30, 2013 and December 31, 2012, ADI owed the Company approximately $11,000 and none, respectively, under the earn-out agreement.  The amount is included in other current assets on the consolidated balance sheet.  For the three-month periods ended September 30, 2013 and 2012, the Company recognized approximately $3,000 and $2,000, respectively, as other income from ADI under the earn-out agreement.  For the nine-month periods ended September 30, 2013 and 2012, the Company recognized approximately $11,000 and $9,000, respectively, as other income from ADI under the earn-out agreement.