XML 36 R23.htm IDEA: XBRL DOCUMENT v3.3.1.900
OTHER ASSETS
12 Months Ended
Dec. 31, 2015
Other Assets [Abstract]  
OTHER ASSETS

15.           OTHER ASSETS

 

In January 2013, we acquired a minority interest in the shares of common stock of Municipal Parking Services, Inc. (MPS) for an aggregate purchase price of $300,000. The investment was accounted for under the cost method and was included in Other Assets on our consolidated balance sheet at December 31, 2013. In October 2014, our minority interest in MPS was purchased by MPS for $150,000. We recorded an impairment charge of $150,000 in operating expenses in the third quarter of 2014. During the period from April 2013 until March 2 2016, the Chief Executive Officer of MPS served on our Board of Directors.