Subsequent Event

3 Months Ended

Mar. 31, 2012

Subsequent Event [Abstract]

Subsequent Event

(18)

Subsequent Event

On April 18, 2012, the Company issued a $500,000 convertible note receivable to BriefCam, Ltd. ("BriefCam"), a privately-held Israeli company that develops video synopsis technology to augment security and surveillance systems to facilitate review of surveillance video. The $500,000 note receivable bears annual interest at 10% and is either convertible into BriefCam's preferred stock or may be repaid upon demand depending on the occurrence of certain future financing or other events. The $500,000 note receivable brings Rimage's total investment in BriefCam to $2.8 million, as Rimage invested $2.3 million in BriefCam's preferred stock in early 2011. The Company is currently evaluating the accounting treatment and impact of a beneficial conversion feature included in the note. See Note 14, "Investment in Software Company," for additional information regarding the Company's investment in BriefCam.