SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2016 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS |
NOTE 17. SUBSEQUENT EVENTS
Litigation. As discussed in further detail in Note 11, on July 11, 2016 we entered into the Settlement Agreement with RCG and AGS for purposes of resolving the Nevada Litigation as well as the “In Bet Litigation.” As a result of the Settlement Agreement, among other things discussed in Note 11, AGS agreed to pay us the sum of $350,000 and release all claims and counter-claims against us, which included accrued royalties due AGS in the amount of approximately $347,000.
In accordance with ASC 855-10, we have analyzed our operations subsequent to June 30, 2016 to the date these financial statements were issued, and have determined that we do not have any material subsequent events to disclose in these financial statements other than the event discussed above.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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