Walker Innovation (WLKR) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 05, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Registrant Name	WALKER INNOVATION INC.
Entity Central Index Key	1,294,649
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	PPRO
Entity Common Stock, Shares Outstanding		20,741,572

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 9,289	$ 15,407
Short-term investment	50	0
Other receivable	19	22
Prepaid expenses and other current assets	283	455
Total current assets	9,641	15,884
Property and equipment, net	228	29
Other Assets:
Investment, at cost	250	250
TOTAL ASSETS	10,119	16,163
Current Liabilities:
Accounts payable	1,305	1,190
Accrued expenses	668	711
Deferred software costs	151	151
Deferred revenue	57	14
Total current liabilities	2,181	2,066
Deferred revenue - long term portion	51	58
TOTAL LIABILITIES	$ 2,232	$ 2,124
COMMITMENTS AND CONTINGENCIES (NOTE 7)
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value, 100,000,000 shares authorized; 21,134,744 shares issued as of June 30, 2015 and December 31, 2014 respectively	$ 21	$ 21
Treasury stock, 393,172 shares, at cost	(840)	(840)
Additional paid-in capital	44,123	42,902
Accumulated deficit	(35,432)	(28,059)
TOTAL STOCKHOLDERS' EQUITY	7,887	14,039
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	10,119	16,163
Preferred Stock
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Series B Convertible Preferred Stock
STOCKHOLDERS' EQUITY
Preferred stock	$ 15	$ 15

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	15,000,000	15,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	100,000,000	100,000,000
Common stock, shares issued	21,134,744	21,134,744
Treasury Stock, Shares	393,172	393,172
Series B Convertible Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, designated	14,999,000	14,999,000
Preferred stock, shares issued	14,999,000	14,999,000
Preferred stock, shares outstanding	14,999,000	14,999,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Entity [Domain] - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Licensing fees	$ 191	$ 6	$ 197	$ 6
Utility revenue	16	0	22	0
Total revenues	207	6	219	6
Cost of Revenue:
Legal and consulting contingency	71	0	71	0
Cost of service	338	0	712	0
Total cost of revenue	409	0	783	0
Net revenue	(202)	6	(564)	6
Operating expenses:
Other legal and consulting fees	596	746	1,391	819
Patent prosecution and maintenance fees	144	296	360	511
Compensation and benefits	1,476	2,031	3,113	3,634
Professional fees	482	732	1,002	4,558
Marketing	119	4	262	4
General and administrative	367	446	691	704
Total operating expenses	3,184	4,255	6,819	10,230
Operating net loss	(3,386)	(4,249)	(7,383)	(10,224)
Other income
Interest income	4	9	10	19
Net loss	$ (3,382)	$ (4,240)	$ (7,373)	$ (10,205)
Net loss per common share:
Basic (in dollars per share)	$ (0.16)	$ (0.20)	$ (0.36)	$ (0.50)
Diluted (in dollars per share)	$ (0.16)	$ (0.20)	$ (0.36)	$ (0.50)
Weighted average common shares outstanding:
Basic (in shares)	20,742	20,742	20,742	20,528
Diluted (in shares)	20,742	20,742	20,742	20,528

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows from Operating Activities:
Net loss	$ (7,373)	$ (10,205)
Adjustments to reconcile net loss to net cash used in operating activities:
Net contribution from related party shareholder	0	81
Stock-based compensation	1,219	4,256
Depreciation and amortization	30	0
Decrease (increase) in:
Other receivable	3	12
Prepaid and other current assets	172	184
Increase (decrease) in:
Accounts payable	115	195
Accrued expenses	(43)	638
Deferred liabilities	37	0
Net cash used in operating activities	(5,840)	(4,839)
Cash Flows from Investing Activities:
Purchase of property and equipment software	(228)	0
Short-term investment	(50)	0
Net cash used in investing activities	(278)	0
Cash Flows from Financing Activities:
Net cash provided by financing activities	0	0
Net change in cash and cash equivalents	(6,118)	(4,839)
Cash and cash equivalents
Beginning	15,407	24,703
Ending	$ 9,289	$ 19,864

THE COMPANY

THE COMPANY	6 Months Ended
	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
THE COMPANY	NOTE 1 – THE COMPANY Walker Innovation Inc. (formerly known as Patent Properties, Inc.), a Delaware corporation, collectively, with its subsidiaries, the “Company” or “Walker Innovation”), see Note 11 below, has two distinct lines of businesses. It develops and commercializes its unique portfolio of intellectual property assets through its licensing and enforcement operations (“Licensing and Enforcement”) and more recently in early 2015 it launched The United States Patent Utility™, currently known as Haystack IQ (the “Patent Utility” or “Haystack IQ”) whereby the Company uses proprietary Big Data software to connect the global stockpile of technology improvements and technical experts, represented by the U.S. patent database, with businesses that can put them into commercial uses that help them compete and grow. Nature of Business The Company’s two primary segments of business, its Licensing and Enforcement business, and the operations of its new business, the Patent Utility, are described below: Licensing and Enforcement The Company develops, licenses and otherwise enforces patented technologies through its wholly owned subsidiaries. The Company generates revenues from the granting of intellectual property rights for the use of, or pertaining to, patented technologies. The Company also monetizes its intellectual property through the sale of select patent assets. Patent protection is a key part of the Company’s business model, because it provides the Company with a period of exclusive ownership during which the Company has the opportunity to recoup risk capital and generate a profit from inventions. The United States Patent Utility TM In January 2015, the Company introduced the Patent Utility, a subscription-based service that uses proprietary Big Data software to connect the global stockpile of technology improvements and technical experts, represented by the U.S. patent database, with businesses that can put them into commercial uses that help them compete and grow. the market for patent-related business intelligence is both large and in need of new tools and new thinking. The market for business intelligence is characterized by great information asymmetry that makes mining the patent database with human experts cost prohibitive for most companies and limited in its impact. The Patent Utility was launched in January 2015 and the Company does not allocate corporate interest income and expense, income taxes, other income and expenses related to corporate activity or corporate expense for management and administrative services that benefit both segments. Because of this unallocated income and expense, the operating loss of each reporting segment does not reflect the operating loss the reporting segment would report as a stand-alone business. Three Months Ended June 30, 2015 Litigation and Enforcement Patent Utility Corporate Total Net revenue $ 120 $ (322) $ -- $ (202) Expenses (820) (775) (1,589) (3,184) Operating Loss (700) (1,097) (1,589) (3,386) Interest Income -- -- 4 4 Net Loss (700) $ (1,097) $ (1,585) $ (3,382) Six Months Ended June 30, 2015 Litigation and Enforcement Patent Utility Corporate Total Net revenue $ 127 $ (691) $ -- $ (564) Expenses (1,901) (1,545) (3,373) (6,819) Operating Loss (1,774) (2,236) (3,373) (7,383) Interest Income -- -- 10 10 Net Loss $ (1,774) $ (2,236) $ (3,363) $ (7,373) Capital expenditure for the three and six months ended June 30, 2015 was $ 123 228

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information, the instructions to Form 10-Q and the rules and regulations of the SEC. Accordingly, since they are interim statements, the accompanying condensed consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements, but reflect all adjustments consisting of normal, recurring adjustments, that are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. In the opinion of the Company’s management, all adjustments, consisting of only normal and recurring adjustments, necessary for a fair presentation of the financial position and the results of operations for the periods presented have been included. Interim results are not necessarily indicative of results for a full year. The condensed consolidated financial statements and notes should be read in conjunction with the financial statements and notes for the year ended December 31, 2014 included in the Company’s Form 10-K filed with the Securities and Exchange Commission on March 13, 2015. The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements. Actual results could differ from these estimates. The Company’s significant estimates and assumptions include stock-based compensation and the valuation allowance related to the Company’s deferred tax assets. Certain of the Company’s estimates could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates and assumptions. The Company maintains its cash in bank deposit and money market accounts that, at times, may exceed federally insured limits. The Company considers money market accounts that have maturity dates of three months or less from the purchase date to be cash equivalents. The Company classifies its investment consisting of a certificate of deposit with a maturity greater than three months but less than one year as a short-term investment. Basic earnings (loss) per share (“EPS”) is computed by dividing net income applicable to common stock by the weighted-average number of common shares outstanding, less any unvested restricted stock outstanding. Under the treasury stock method, diluted EPS reflects the potential dilution that could occur if securities or other instruments that are convertible into common stock were exercised or could result in the issuance of common stock. 2015 2014 Common Stock options 4,278,333 3,223,000 Common Stock warrants 1,980,318 1,980,318 Preferred Stock 14,999,000 14,999,000 Contingency shares 2,166,667 2,166,667 Excluded potentially dilutive securities 23,424,318 22,368,985 Licensing and Enforcement The Company derives the majority of its revenue from patent licensing and enforcement. In general, these revenue arrangements provide for the payment of contractually determined fees in consideration for the grant of certain intellectual property rights for patented technologies owned or controlled by the Company. Significantly all of the patent licenses are granted on the entire portfolio rather than individual patents. Most of the intellectual property rights granted are perpetual in nature, extending until the expiration of the related patents, although they can be granted for a defined, relatively short period of time. The Company recognizes licensing and enforcement fees when there is persuasive evidence of a licensing arrangement, fees are fixed or determinable, delivery has occurred and collectability is reasonably assured. The United States Patent Utility TM The Company’s revenues are derived from month-to-month subscriptions to services, generally billable annually in advance. Subscription revenue is earned each month as the service is rendered to subscribers on a monthly basis. The Company recognizes revenue when the subscribers use the Patent Utility’s services, the service has been rendered and earned during the month, the amount of the subscription is fixed or determinable based on established rates quoted on an annualized basis and collectability is reasonably assured. In general, subscriptions are contracted for a year and subscribers are entitled to refunds on a pro-rata basis. Licensing and Enforcement Contingent legal and consulting fees are expensed in the Condensed Consolidated Statements of Operations in the period that the related revenues are recognized. In instances where there are no recoveries from potential infringers, no contingent legal and consulting fees are required to be paid; however, the Company may be liable for certain out of pocket legal and consulting costs incurred pursuant to the underlying legal and consulting services agreement. Legal fees advanced by contingent law firms, if any, that are required to be paid in the event that no license recoveries are obtained are expensed as incurred and included in liabilities in the condensed consolidated balance sheets. The United States Patent Utility TM Cost of services is comprised of compensation for Company employees within the software and systems engineering groups in addition to data costs, computer maintenance and amortization expenses. The expenses related to our hosted software applications are affected by the number of customers who subscribe to our products and the complexity and redundancy of our software applications and hosting infrastructure. The Company expenses these costs as they are incurred. In cases where the Company’s investment is less than 20% of the outstanding voting stock and significant influence does not exist, the investment is carried at cost, and evaluated for impairment on an annual basis. The Company considers significant revenue concentrations to be counterparties or significant customers who account for 10% or more of the total revenues generated by the Company in its Licensing and Enforcement segment during the period. For the six month period ended June 30, 2015 85% of the Company’s revenue was derived from counterparties representing more than 10% of total revenues. The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors, the fair value of the award is measured on the grant date and for non-employees, the fair value of the award is generally measured on the grant date and re-measured on each financial reporting date and vesting date until the service period is complete. The fair value amount is then recognized over the period services are required to be provided in exchange for the award, usually the vesting period. The Company recognizes employee stock-based compensation expense on a straight line basis over the requisite service period for each separately vesting tranche of each award. Stock-based compensation expense is reflected within operating expenses in the Condensed Consolidated Statements of Operations. Website development costs were expensed as incurred prior to technological feasibility. Post launch, all costs incurred by the Company related to the development phase, including costs incurred for enhancements that are expected to result in additional new functionality, are capitalized. Such costs are amortized on a straight-line basis over 36 months. All costs related to the planning and post-implementation phase, including training and maintenance, are expensed as incurred. Capitalized costs related to improvements and enhancements to the functionality of the Patent Utility are included in property and equipment, net in the Company’s Consolidated Balance Sheets. Property and equipment consist primarily of computer and network hardware and are stated at cost net of accumulated depreciation and amortization expenses. Leasehold improvements are amortized over the shorter of their estimated useful lives or the remaining term of the lease. Lease amortization is included in depreciation expense. Equipment and software are depreciated on a straight-line basis over two to five years. Costs related to maintenance and repairs are expensed as incurred. Represents prepaid subscription revenue for future periods from subscribers in connection with the Patent Utility. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 (“ASU 2014-09”), “Revenue from Contracts with Customers,” which requires an entity to recognize revenue representing the transfer of promised goods or services to customers in an amount that reflects the consideration which the company expects to receive in exchange for those goods or services. ASU 2014-09 is intended to establish principles for reporting useful information to users of financial statements about the nature, amount, timing and uncertainty of revenues and cash flows arising from the entity’s contracts with customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. The original standard was effective for the Company on January 1, 2017, however, in April 2015, the FASB proposed a one-year deferral of this standard with a new effective date for the Company of January 1, 2018. Early application is not permitted. The Company is currently evaluating the effect that ASU 2014-09 will have on its condensed consolidated financial statements and related disclosures.

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	6 Months Ended
	Jun. 30, 2015
Prepaid Expense and Other Assets [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	NOTE 3 – PREPAID EXPENSES AND OTHER CURRENT ASSETS As of June 30, 2015 and December 31, 2014 prepaid expenses and other current assets consist of the following: June 30, 2015 December 31, 2014 (Unaudited) Prepaid insurance $ 121 $ 248 Prepaid patent costs 69 159 Due from WDM 46 10 Other prepaid expenses 47 38 Total prepaid expenses and other current assets $ 283 $ 455

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4 – PROPERTY AND EQUIPMENT June 30, 2015 December 31, 2014 (Unaudited) Computer equipment and software $ 258 $ 30 Less: Accumulated Depreciation (30) (1) Total property and equipment, net $ 228 $ 29

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2015
Investments All Other Investments [Abstract]
INVESTMENTS	NOTE 5 - INVESTMENTS The Company received 57,000 250 250

SHARED SERVICES AGREEMENT

SHARED SERVICES AGREEMENT	6 Months Ended
	Jun. 30, 2015
Shared Services Agreement [Abstract]
SHARED SERVICES AGREEMENT	NOTE 6 - SHARED SERVICES AGREEMENT The Company entered into a Shared Services Agreement (“Shared Services Agreement”) with Walker Digital Management (“WDM”), a related party, that relates to services including but not limited to executive compensation, information technology services and supplies, administrative and general services and supplies, and rent and utilities. Costs are based either on specific attribution of those expenses or, where necessary and appropriate, based on the Company’s best estimate of an appropriate proportional allocation. Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Operating Expenses: (Unaudited) (Unaudited) (Unaudited) (Unaudited) Compensation expenses (1) $ 38 $ (1) $ 69 $ 8 Rent and utilities 61 26 123 53 Office services and supplies 9 5 21 13 Telephone 9 4 16 7 Other 17 12 33 20 Total Operating Expenses $ 134 $ 46 $ 262 $ 101 (1) Compensation expenses are net of services charged to WDM. During the three and six months ended June 30, 2015, and 2014, the Company charged approximately $ 7 26 13 42 As of June 30, 2015 and December 31, 2014, due from WDM included in prepaid and other current assets on the condensed consolidated balance sheets was $ 46 10 55 55

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7 - COMMITMENTS AND CONTINGENCIES Litigation The Company is subject to claims, counterclaims and legal actions that arise in the ordinary course of business. The plaintiff in each patent suit may have defenses to any counterclaim. In addition, the defendants in certain of the patent suits have filed or may file motions seeking costs and fees against the plaintiff, which have been or may be opposed. The Company is also involved in a legal action arising from claims related to certain patent families the Company received from Walker Digital, LLC (“Walker Digital”) by recorded assignment at the time of the Merger due to Following discussions with Walker Digital and the third party to determine appropriate next steps, Walker Digital and the Company commenced an arbitration on March 31, 2015 against the third party seeking binding clarification of the provisions of the relevant settlement agreement giving rise to such claims and the particular patents subject thereto. Accrued Bonuses As of June 30, 2015 and December 31, 2014, accrued bonuses were $ 280 200

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2015
Stockholders Equity Note [Abstract]
EQUITY	NOTE 8 - EQUITY As of June 30, 2015, the Company had authorized an aggregate of 100,000,000 0.001 15,000,000 0.001 14,999,000 21,134,744 20,741,572 14,999,000

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
STOCK- BASED COMPENSATION	NOTE 9 - STOCK-BASED COMPENSATION Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Employee option awards $ 560 $ 493 $ 1,147 $ 1,054 Non employee option awards 58 83 72 114 Non-employee restricted stock awards -- -- -- 3,088 Total compensation expense $ 618 $ 576 $ 1,219 $ 4,256 Stock-based Compensation Stock Options to Employees During the second quarter of 2015 the Company granted options for the purchase of 415,000 341 Exercise Price $1.40 - $1.45 Expected Term 6.1 years Remaining Contractual Life 9.3 years Volatility 64% Dividends 0% Risk Free Rate of Interest 0.15% Vesting: May 2016 – June 2018 Due to the limited operating history of the Company, the expected volatility used to calculate the fair value of options granted during the three months ended June 30, 2015 was based on the volatilities of comparable companies as permitted. Stock Options to Non-employees Stock-based compensation expense related to stock-based awards to non-employees is recognized as the stock-based awards are earned, generally through the provision of services. The Company believes that the fair value of the stock-based awards is more reliably measurable than the fair value of the services received. The fair value of the granted stock-based awards is remeasured at each reporting date. During the second quarter of 2015 the Company granted options to non-employees for the purchase of 90,000 88 Exercise Price $1.40 - $1.45 Term 6.1 years Remaining Contractual Life 9.3 years Volatility 53% Dividends 0% Risk Free Rate of Interest 0.15% Vesting: May 2016 –May 2017 Due to the limited operating history of the Company, the expected volatility used to calculate the fair value of options granted during the three and six months ended June 30, 2015 was based on an index of comparable companies as permitted. Restricted Stock to Non-employees On September 18, 2013, in connection with the amendment of a service agreement with a vendor pursuant to which the vendor reduced its future fees, the Company issued 1,445,000 3,088 Weighted Average Remaining Number of Shares Weighted Average Exercise Price Intrinsic Value Contractual Life (in years) Outstanding at December 31, 2014 3,628,000 $ 3.64 -- 8.4 Options Granted 755,000 $ 1.41 -- Options Exercised -- Options Cancelled/Forfeited (104,667) $ 3.27 Outstanding at June 30, 2015 4,278,333 $ 3.26 -- 8.1 Options vested and exercisable 1,428,328 $ 3.70 -- 6.4 As of June 30, 2015, the Company had unrecognized stock-based compensation expense related to all unvested stock options of $ 3.3 1.72

SOFTWARE AGREEMENT

SOFTWARE AGREEMENT	6 Months Ended
	Jun. 30, 2015
Software Agreement [Abstract]
SOFTWARE AGREEMENT	NOTE 10 – SOFTWARE AGREEMENT On May 8, 2014 (the "Effective Date"), the Company entered into a Software as Service Agreement (the "Agreement") with Innography, Inc. ("Innography") under which the Company will have access to Innography’s proprietary web-based application software platforms and patent related data and analytics functionality in connection with the development and commercialization of the Patent Utility. The term of the Agreement commences on the Effective Date and continues until the two year anniversary of the Effective Date (the "Initial Term"). The Agreement may be renewed for up to three additional and consecutive one year renewal periods (each a "Renewal Term"). The Agreement will renew for the first and second Renewal Terms unless the Company elects to terminate the Agreement in advance of renewal and will renew for the third Renewal Term unless either party elects to terminate the agreement in advance of renewal. In the event of a change of control, as defined in the Agreement, of Innography, on or after June 30, 2015 Innography may terminate the then current term on 60 days notice (“Control Termination”). In the event of a Control Termination or if the Agreement is not renewed for an optional Renewal Term, or after the last of up to three Renewal Terms expires, the Company may renew for an additional one year period during which Innography will provide its services and reasonably assist the Company in migrating to a replacement service (the "Wind Down Term"). Concurrent with the execution of the Agreement, the Company paid a one-time fee of $ 200 350 500 650 800 800 1,100 15,000 20

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 11 – SUBSEQUENT EVENT On July 31, 2015, the Company filed a Certificate of Amendment of its Certificate of Incorporation with the State of Delaware, pursuant to which the Company was renamed Walker Innovation Inc. The Company’s new name reflects its focus on creating systems and tools to help companies innovate more effectively. The Company also changed the name of The United States Patent Utility to “Haystack IQ” to more clearly communicate the intent of the service to help companies find complementary external resources (ideas, people, organizations, materials, technologies, approaches) in the global “haystack” of R&D investment that can accelerate improvements to their customer offerings. Subsequent events have been evaluated through the date of this filing.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information, the instructions to Form 10-Q and the rules and regulations of the SEC. Accordingly, since they are interim statements, the accompanying condensed consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements, but reflect all adjustments consisting of normal, recurring adjustments, that are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. In the opinion of the Company’s management, all adjustments, consisting of only normal and recurring adjustments, necessary for a fair presentation of the financial position and the results of operations for the periods presented have been included. Interim results are not necessarily indicative of results for a full year. The condensed consolidated financial statements and notes should be read in conjunction with the financial statements and notes for the year ended December 31, 2014 included in the Company’s Form 10-K filed with the Securities and Exchange Commission on March 13, 2015.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements. Actual results could differ from these estimates. The Company’s significant estimates and assumptions include stock-based compensation and the valuation allowance related to the Company’s deferred tax assets. Certain of the Company’s estimates could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates and assumptions.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company maintains its cash in bank deposit and money market accounts that, at times, may exceed federally insured limits. The Company considers money market accounts that have maturity dates of three months or less from the purchase date to be cash equivalents.
Short Term Investments	Short term Investments The Company classifies its investment consisting of a certificate of deposit with a maturity greater than three months but less than one year as a short-term investment.
Earnings (Loss) per Share	Earnings (Loss) per Share Basic earnings (loss) per share (“EPS”) is computed by dividing net income applicable to common stock by the weighted-average number of common shares outstanding, less any unvested restricted stock outstanding. Under the treasury stock method, diluted EPS reflects the potential dilution that could occur if securities or other instruments that are convertible into common stock were exercised or could result in the issuance of common stock. 2015 2014 Common Stock options 4,278,333 3,223,000 Common Stock warrants 1,980,318 1,980,318 Preferred Stock 14,999,000 14,999,000 Contingency shares 2,166,667 2,166,667 Excluded potentially dilutive securities 23,424,318 22,368,985
Revenue Recognition	Revenue Recognition Licensing and Enforcement The Company derives the majority of its revenue from patent licensing and enforcement. In general, these revenue arrangements provide for the payment of contractually determined fees in consideration for the grant of certain intellectual property rights for patented technologies owned or controlled by the Company. Significantly all of the patent licenses are granted on the entire portfolio rather than individual patents. Most of the intellectual property rights granted are perpetual in nature, extending until the expiration of the related patents, although they can be granted for a defined, relatively short period of time. The Company recognizes licensing and enforcement fees when there is persuasive evidence of a licensing arrangement, fees are fixed or determinable, delivery has occurred and collectability is reasonably assured. The United States Patent Utility TM The Company’s revenues are derived from month-to-month subscriptions to services, generally billable annually in advance. Subscription revenue is earned each month as the service is rendered to subscribers on a monthly basis. The Company recognizes revenue when the subscribers use the Patent Utility’s services, the service has been rendered and earned during the month, the amount of the subscription is fixed or determinable based on established rates quoted on an annualized basis and collectability is reasonably assured. In general, subscriptions are contracted for a year and subscribers are entitled to refunds on a pro-rata basis.
Costs Associated with Revenue	Costs Associated with Revenue Licensing and Enforcement Contingent legal and consulting fees are expensed in the Condensed Consolidated Statements of Operations in the period that the related revenues are recognized. In instances where there are no recoveries from potential infringers, no contingent legal and consulting fees are required to be paid; however, the Company may be liable for certain out of pocket legal and consulting costs incurred pursuant to the underlying legal and consulting services agreement. Legal fees advanced by contingent law firms, if any, that are required to be paid in the event that no license recoveries are obtained are expensed as incurred and included in liabilities in the condensed consolidated balance sheets. The United States Patent Utility TM Cost of services is comprised of compensation for Company employees within the software and systems engineering groups in addition to data costs, computer maintenance and amortization expenses. The expenses related to our hosted software applications are affected by the number of customers who subscribe to our products and the complexity and redundancy of our software applications and hosting infrastructure. The Company expenses these costs as they are incurred.
Investment	Investment In cases where the Company’s investment is less than 20% of the outstanding voting stock and significant influence does not exist, the investment is carried at cost, and evaluated for impairment on an annual basis.
Revenue Concentrations	Revenue Concentrations The Company considers significant revenue concentrations to be counterparties or significant customers who account for 10% or more of the total revenues generated by the Company in its Licensing and Enforcement segment during the period. For the six month period ended June 30, 2015 85% of the Company’s revenue was derived from counterparties representing more than 10% of total revenues.
Stock Based Compensation	Stock Based Compensation The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors, the fair value of the award is measured on the grant date and for non-employees, the fair value of the award is generally measured on the grant date and re-measured on each financial reporting date and vesting date until the service period is complete. The fair value amount is then recognized over the period services are required to be provided in exchange for the award, usually the vesting period. The Company recognizes employee stock-based compensation expense on a straight line basis over the requisite service period for each separately vesting tranche of each award. Stock-based compensation expense is reflected within operating expenses in the Condensed Consolidated Statements of Operations.
Website development costs	Website Development costs Website development costs were expensed as incurred prior to technological feasibility. Post launch, all costs incurred by the Company related to the development phase, including costs incurred for enhancements that are expected to result in additional new functionality, are capitalized. Such costs are amortized on a straight-line basis over 36 months. All costs related to the planning and post-implementation phase, including training and maintenance, are expensed as incurred. Capitalized costs related to improvements and enhancements to the functionality of the Patent Utility are included in property and equipment, net in the Company’s Consolidated Balance Sheets.
Property and equipment, net	Property and Equipment, net Property and equipment consist primarily of computer and network hardware and are stated at cost net of accumulated depreciation and amortization expenses. Leasehold improvements are amortized over the shorter of their estimated useful lives or the remaining term of the lease. Lease amortization is included in depreciation expense. Equipment and software are depreciated on a straight-line basis over two to five years. Costs related to maintenance and repairs are expensed as incurred.
Deferred Revenue	Deferred Revenue Represents prepaid subscription revenue for future periods from subscribers in connection with the Patent Utility.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 (“ASU 2014-09”), “Revenue from Contracts with Customers,” which requires an entity to recognize revenue representing the transfer of promised goods or services to customers in an amount that reflects the consideration which the company expects to receive in exchange for those goods or services. ASU 2014-09 is intended to establish principles for reporting useful information to users of financial statements about the nature, amount, timing and uncertainty of revenues and cash flows arising from the entity’s contracts with customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. The original standard was effective for the Company on January 1, 2017, however, in April 2015, the FASB proposed a one-year deferral of this standard with a new effective date for the Company of January 1, 2018. Early application is not permitted. The Company is currently evaluating the effect that ASU 2014-09 will have on its condensed consolidated financial statements and related disclosures.

THE COMPANY (Tables)

THE COMPANY (Tables)	6 Months Ended
	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Key Financial Information by Reportable Segment	Key financial information by reportable segment for the three and six months ended June 30, 2015 was as follows: Three Months Ended June 30, 2015 Litigation and Enforcement Patent Utility Corporate Total Net revenue $ 120 $ (322) $ -- $ (202) Expenses (820) (775) (1,589) (3,184) Operating Loss (700) (1,097) (1,589) (3,386) Interest Income -- -- 4 4 Net Loss (700) $ (1,097) $ (1,585) $ (3,382) Six Months Ended June 30, 2015 Litigation and Enforcement Patent Utility Corporate Total Net revenue $ 127 $ (691) $ -- $ (564) Expenses (1,901) (1,545) (3,373) (6,819) Operating Loss (1,774) (2,236) (3,373) (7,383) Interest Income -- -- 10 10 Net Loss $ (1,774) $ (2,236) $ (3,363) $ (7,373)

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Financial Instruments that Were Not Included in Diluted Loss Per Share Calculation	As of June 30, 2015 and 2014, the following financial instruments were not included in the diluted loss per share calculation because their effect was anti-dilutive: 2015 2014 Common Stock options 4,278,333 3,223,000 Common Stock warrants 1,980,318 1,980,318 Preferred Stock 14,999,000 14,999,000 Contingency shares 2,166,667 2,166,667 Excluded potentially dilutive securities 23,424,318 22,368,985

PREPAID EXPENSES AND OTHER CU20

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	6 Months Ended
	Jun. 30, 2015
Prepaid Expense and Other Assets [Abstract]
Prepaid Expenses and Other Current Assets	As of June 30, 2015 and December 31, 2014 prepaid expenses and other current assets consist of the following: June 30, 2015 December 31, 2014 (Unaudited) Prepaid insurance $ 121 $ 248 Prepaid patent costs 69 159 Due from WDM 46 10 Other prepaid expenses 47 38 Total prepaid expenses and other current assets $ 283 $ 455

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	As of June 30, 2015 and December 31, 2014 property and equipment, net, consist of the following: June 30, 2015 December 31, 2014 (Unaudited) Computer equipment and software $ 258 $ 30 Less: Accumulated Depreciation (30) (1) Total property and equipment, net $ 228 $ 29

SHARED SERVICES AGREEMENT (Tabl

SHARED SERVICES AGREEMENT (Tables)	6 Months Ended
	Jun. 30, 2015
Shared Services Agreement [Abstract]
Summary Of Expenses Contributed by WDM on Behalf of the Company and Expenses Incurred under the Shares Services Agreement:	The following table represents expenses incurred under the Shared Services Agreement and provided by WDM on behalf of the Company: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Operating Expenses: (Unaudited) (Unaudited) (Unaudited) (Unaudited) Compensation expenses (1) $ 38 $ (1) $ 69 $ 8 Rent and utilities 61 26 123 53 Office services and supplies 9 5 21 13 Telephone 9 4 16 7 Other 17 12 33 20 Total Operating Expenses $ 134 $ 46 $ 262 $ 101 (1) Compensation expenses are net of services charged to WDM. During the three and six months ended June 30, 2015, and 2014, the Company charged approximately $ 7 26 13 42

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule Of Share Based Compensation Activity	Total stock-based compensation to employees and non-employees for the three months ended June 30, 2015 and 2014, respectively, is presented in the following table: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Employee option awards $ 560 $ 493 $ 1,147 $ 1,054 Non employee option awards 58 83 72 114 Non-employee restricted stock awards -- -- -- 3,088 Total compensation expense $ 618 $ 576 $ 1,219 $ 4,256
Schedule Of Share Based Compensation Stock Options Activity	A summary of the status of the Company’s stock option plans and the changes during the six months ended June 30, 2015, is presented in the table below: Weighted Average Remaining Number of Shares Weighted Average Exercise Price Intrinsic Value Contractual Life (in years) Outstanding at December 31, 2014 3,628,000 $ 3.64 -- 8.4 Options Granted 755,000 $ 1.41 -- Options Exercised -- Options Cancelled/Forfeited (104,667) $ 3.27 Outstanding at June 30, 2015 4,278,333 $ 3.26 -- 8.1 Options vested and exercisable 1,428,328 $ 3.70 -- 6.4
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	These options have an aggregate grant date fair value of approximately $ 341 Exercise Price $1.40 - $1.45 Expected Term 6.1 years Remaining Contractual Life 9.3 years Volatility 64% Dividends 0% Risk Free Rate of Interest 0.15% Vesting: May 2016 – June 2018
Non Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	These options have an aggregate grant date fair value of approximately $ 88 Exercise Price $1.40 - $1.45 Term 6.1 years Remaining Contractual Life 9.3 years Volatility 53% Dividends 0% Risk Free Rate of Interest 0.15% Vesting: May 2016 –May 2017

THE COMPANY (Detail)

THE COMPANY (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Net revenue	$ 207	$ 6	$ 219	$ 6
Expenses	(3,184)	(4,255)	(6,819)	(10,230)
Operating Loss	(3,386)	(4,249)	(7,383)	(10,224)
Interest Income	4	9	10	19
Net Loss	(3,382)	$ (4,240)	(7,373)	$ (10,205)
Corporate Segment [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Net revenue	0		0
Expenses	(1,589)		(3,373)
Operating Loss	(1,589)		(3,373)
Interest Income	4		10
Net Loss	(1,585)		(3,363)
Litigation and Enforcement [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Net revenue	120		127
Expenses	(820)		(1,901)
Operating Loss	(700)		(1,774)
Interest Income	0		0
Net Loss	(700)		(1,774)
Patent Utility [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Net revenue	(322)		(691)
Expenses	(775)		(1,545)
Operating Loss	(1,097)		(2,236)
Interest Income	0		0
Net Loss	$ (1,097)		$ (2,236)

THE COMPANY - Additional Inform

THE COMPANY - Additional Information (Detail) - Jun. 30, 2015 - USD ($) $ in Thousands	Total	Total
Patent Utility [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Capital Expenditure Cost	$ 123	$ 228

Financial Instruments Were Not

Financial Instruments Were Not Included in Diluted Loss Per Share Calculation (Detail) - shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Excluded potentially dilutive securities	23,424,318	22,368,985
Common Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Excluded potentially dilutive securities	4,278,333	3,223,000
Common Stock warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Excluded potentially dilutive securities	1,980,318	1,980,318
Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Excluded potentially dilutive securities	14,999,000	14,999,000
Contingency shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Excluded potentially dilutive securities	2,166,667	2,166,667

PREPAID EXPENSES AND OTHER CU27

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Prepaid Expense and Other Assets [Line Items]
Prepaid insurance	$ 121	$ 248
Prepaid patent costs	69	159
Due from WDM	46	10
Other prepaid expenses	47	38
Total prepaid expenses and other current assets	$ 283	$ 455

PROPERTY AND EQUIPMENT (Detail)

PROPERTY AND EQUIPMENT (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Computer equipment and software	$ 258	$ 30
Less: Accumulated Depreciation	(30)	(1)
Total property and equipment, net	$ 228	$ 29

INVESTMENTS - Additional Inform

INVESTMENTS - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Schedule of Cost-method Investments [Line Items]
Investments, at cost	$ 250	$ 250
Licensing Agreements
Schedule of Cost-method Investments [Line Items]
Number of Common stock received in connection with license agreement	57,000
Investments, at cost	$ 250

SHARED SERVICES AGREEMENT (Deta

SHARED SERVICES AGREEMENT (Detail) - Entity [Domain] - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Schedule Of General Administrative And Other Operating Expenses [Line Items]
Compensation expenses		$ 1,476	$ 2,031	$ 3,113	$ 3,634
Total Operating Expenses		3,184	4,255	6,819	10,230
Shared Services Agreement
Schedule Of General Administrative And Other Operating Expenses [Line Items]
Compensation expenses	[1]	38	(1)	69	8
Rent and utilities		61	26	123	53
Office services and supplies		9	5	21	13
Telephone		9	4	16	7
Other		17	12	33	20
Total Operating Expenses		$ 134	$ 46	$ 262	$ 101
[1]	Compensation expenses are net of services charged to WDM. During the three and six months ended June 30, 2015, and 2014, the Company charged approximately $7 and $26 and $13 and $42 of expenses, respectively, related to such services.

SHARED SERVICES AGREEMENT - Add

SHARED SERVICES AGREEMENT - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Shared Services Agreement [Line Items]
Labor And Related Expense	$ 1,476	$ 2,031	$ 3,113	$ 3,634
Walker Digital Management
Shared Services Agreement [Line Items]
Labor And Related Expense	7	$ 13	26	$ 42
Due from Related Parties	46		46		$ 10
Due to Related Parties	$ 55		$ 55		$ 55

Commitments And Contingencies -

Commitments And Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Loss Contingencies [Line Items]
Accrued Bonuses	$ 280	$ 200

EQUITY - Additional Information

EQUITY - Additional Information (Detail) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Equity [Line Items]
Common stock, authorized	100,000,000	100,000,000
Common stock, par value	$ 0.001	$ 0.001
Common Stock, Issued	21,134,744	21,134,744
Preferred stock, authorized	15,000,000	15,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Common stock, shares outstanding	20,741,572
Series B Convertible Preferred Stock
Equity [Line Items]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred Stock, Issued	14,999,000	14,999,000
Preferred Stock Shares Outstanding	14,999,000	14,999,000
Preferred Stock Shares Designated	14,999,000	14,999,000

STOCK-BASED COMPENSATION - Tota

STOCK-BASED COMPENSATION - Total stock-based compensation to employees and non-employees (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation	$ 618	$ 576	$ 1,219	$ 4,256
Non employee option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation	58	83	72	114
Non-employee restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation	0	0	0	3,088
Employee option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation	$ 560	$ 493	$ 1,147	$ 1,054

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock Options to Employees And Stock Options to Non-employees (Detail) - Jun. 30, 2015 - $ / shares	Total
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Term	6 years 1 month 6 days
Remaining Contractual Life	9 years 3 months 18 days
Volatility	64.00%
Dividends	0.00%
Risk Free Rate of Interest	0.15%
Employee Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price	$ 1.40
Vesting:	2016-05
Employee Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price	$ 1.45
Vesting:	2018-06
Non Employee stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Term	6 years 1 month 6 days
Remaining Contractual Life	9 years 3 months 18 days
Volatility	53.00%
Dividends	0.00%
Risk Free Rate of Interest	0.15%
Non Employee stock options [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price	$ 1.40
Vesting:	2016-05
Non Employee stock options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price	$ 1.45
Vesting:	2017-05

STOCK-BASED COMPENSATION - A su

STOCK-BASED COMPENSATION - A summary of the status of the Company's stock option plans (Detail) - Share Based Compensation Arrangements By Share Based Payment Award Award Type And Plan Name [Domain] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balances at beginning of period, Number of Shares	3,628,000
Number of Shares Options Granted	755,000
Number of Shares Options Exercised	0
Number of Shares Options Cancelled/Forfeited	(104,667)
Balances at End of period, Number of shares	4,278,333	3,628,000
Number of Shares Options vested and exercisable	1,428,328
Weighted Average Exercise Price Outstanding Beginning of period	$ 3.64
Weighted Average Exercise Price Options Granted	1.41
Weighted Average Exercise Price Options Cancelled/Forfeited	3.27
Weighted Average Exercise Price Outstanding end of period	3.26	$ 3.64
Weighted Average Exercise Price Options vested and exercisable	$ 3.70
Intrinsic Value beginning of period	$ 0
Intrinsic Value Options Granted	0
Intrinsic Value Ending of period	0	$ 0
Intrinsic Value Options vested and exercisable	$ 0
Weighted Average Remaining Contractual Life (in years) Outstanding	8 years 1 month 6 days	8 years 4 months 24 days
Weighted Average Remaining Contractual Life (in years) Options vested and exercisable	6 years 4 months 24 days

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Sep. 18, 2013	Jun. 30, 2015	Mar. 31, 2014	Jun. 30, 2015
Stock Based Compensation [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross				755,000
Issuance of Stock and Warrants for Services or Claims			$ 3,088
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 3,300		$ 3,300
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				1 year 8 months 19 days
Vendor | Common Stock
Stock Based Compensation [Line Items]
Stock Issued During Period, Shares, New Issues	1,445,000
Non Employee Stock Option
Stock Based Compensation [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value		$ 88
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross		90,000
Employee Stock Option
Stock Based Compensation [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value		$ 341
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross		415,000

SOFTWARE AGREEMENT - Additional

SOFTWARE AGREEMENT - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jul. 01, 2015	Jan. 01, 2015	Jul. 01, 2014
Software Agreement [Line Items]
Agreement One Time Fee	$ 200
Semi Annual Fee				$ 350
Semi Annual Net Revenue Amount	$ 15,000
Semi Annual Rate	20.00%
Maximum
Software Agreement [Line Items]
Agreement Renewal Cost	$ 1,100
Minimum
Software Agreement [Line Items]
Agreement Renewal Cost	800
Subsequent Event
Software Agreement [Line Items]
Semi Annual Fee One			$ 500
Semi Annual Fee Two		$ 650
January one
Software Agreement [Line Items]
Semi Annual Fee	800
July one
Software Agreement [Line Items]
Semi Annual Fee	$ 800