Walker Innovation (WLKR) 10-Q 6 Aug 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 06, 2018
Document Information [Line Items]
Entity Registrant Name	WALKER INNOVATION INC.
Entity Central Index Key	1,294,649
Trading Symbol	wlkr
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		20,094,314
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statement of Net Assets (Liquidation Basis) $ in Thousands	Jun. 30, 2018USD ($)
Cash and cash equivalents	$ 2,764
Liability for expected costs and payments during liquidation	(2,463)
Severance and Employment Contract Payments [Member]
Liability for expected costs and payments during liquidation	(886)
Settlement of in the Money Options [Member]
Liability for expected costs and payments during liquidation	(550)
Liquidation Basis of Accounting [Member]
Cash and cash equivalents	2,764
Short-term investment	20,010
Accounts payable	(54)
Accrued expenses	(42)
COMMITMENTS AND CONTINGENCIES (NOTE 6)
Net Assets in Liquidation (1)	20,215	[1]
Liquidation Basis of Accounting [Member] | Insurance Costs, Professional Fees, and Other Operating Expenses [Member]
Liability for expected costs and payments during liquidation	(1,027)
Liquidation Basis of Accounting [Member] | Severance and Employment Contract Payments [Member]
Liability for expected costs and payments during liquidation	(886)
Liquidation Basis of Accounting [Member] | Settlement of in the Money Options [Member]
Liability for expected costs and payments during liquidation	$ (550)
[1]	The net assets in liquidation amount may not equal the aggregate amount of cash available to stockholders for distribution in liquidation. Certain amounts reflected above are estimates and the amounts that are currently reserved may be more or less than the amounts ultimately required to be paid in cash.

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Statement of Changes in Net Assets (Liquidation Basis) - Liquidation Basis of Accounting [Member] $ in Thousands	Jun. 30, 2018USD ($)
Settlement of in the Money Options [Member]
Effects of adopting liquidation basis of accounting:
Gain/loss on change in liability for estimated costs and payments resulting from liquidation	$ (550)
Severance and Employment Contract Payments [Member]
Effects of adopting liquidation basis of accounting:
Gain/loss on change in liability for estimated costs and payments resulting from liquidation	(886)
Insurance Costs, Professional Fees, and Other Operating Expenses [Member]
Effects of adopting liquidation basis of accounting:
Gain/loss on change in liability for estimated costs and payments resulting from liquidation	(1,027)
Stockholders’ equity as of June 28, 2018 (Going Concern Basis)	22,751
Change in net realizable value of prepaid assets	(73)
Total effects of adopting liquidation basis of accounting at June 30, 2018	$ 20,215	[1]
[1]	The net assets in liquidation amount may not equal the aggregate amount of cash available to stockholders for distribution in liquidation. Certain amounts reflected above are estimates and the amounts that are currently reserved may be more or less than the amounts ultimately required to be paid in cash.

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Going Concern Basis) $ in Thousands	Dec. 31, 2017USD ($)
Current Assets:
Cash and cash equivalents	$ 24,041
Short-term investment	25
Prepaid expenses and other current assets	73
Total current assets	24,139
TOTAL ASSETS	24,139
Current Liabilities:
Accounts payable	121
Accrued expenses	229
Total current liabilities	350
TOTAL LIABILITIES	350
COMMITMENTS AND CONTINGENCIES (NOTE 6)
STOCKHOLDERS' EQUITY
Preferred stock, value	0
Common stock, $0.001 par value, 100,000,000 shares authorized; 21,184,744 shares issued and 20,094,314 shares outstanding	21
Treasury stock, 1,090,430 shares, at cost	(1,122)
Additional paid-in capital	47,350
Accumulated deficit	(22,475)
TOTAL STOCKHOLDERS' EQUITY	23,789
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	24,139
Series B Convertible Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock, value	$ 15

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Going Concern Basis) (Parentheticals)	Dec. 31, 2017$ / sharesshares
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.001
Preferred stock, authorized (in shares)	15,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.001
Common stock, shares authorized (in shares)	100,000,000
Common stock, shares issued (in shares)	21,184,744
Common stock, shares outstanding (in shares)	20,094,314
Treasury stock, shares (in shares)	1,090,430

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Operations (Going Concern Basis) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net revenue
Operating expenses:
Other legal and consulting fees		151	2	252
Patent prosecution and maintenance fees	10	36	24	68
Compensation and benefits (includes non-cash stock based compensation of $19 and $46 for the three months ended June 30, 2018 and June 30, 2017, respectively)	236	377	537	1,056
Professional fees	209	168	425	446
General and administrative	98	132	220	326
Total operating expenses	553	864	1,208	2,148
Operating net loss	(553)	(864)	(1,208)	(2,148)
Other income:
Change in fair value of investment		2,189		2,189
Other income		109		229
Interest income	79	7	120	11
Net (loss) income	$ (474)	$ 1,441	$ (1,088)	$ 281
Net (loss) income per common share:
Basic (in dollars per share)	$ (0.02)	$ 0.07	$ (0.05)	$ 0.01
Diluted (in dollars per share)	$ (0.02)	$ 0.04	$ (0.05)	$ 0
Weighted average common shares outstanding:
Basic (in shares)	20,094	20,603	20,094	20,672
Diluted (in shares)	20,094	35,743	20,094	35,812
Net revenue

Unaudited Condensed Consolidat7

Unaudited Condensed Consolidated Statements of Operations (Going Concern Basis) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Non-cash stock based compensation	$ 19	$ 46	$ 51	$ 294

Unaudited Condensed Consolidat8

Unaudited Condensed Consolidated Statements of Cash Flows (Going Concern Basis) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows from Operating Activities:
Net (loss) income	$ (1,088)	$ 281
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Stock-based compensation	51	294
Depreciation and amortization		5
Change in fair value of investment		(2,189)
Changes in operating assets and liabilities:
Other receivable	(17)	(8)
Prepaid and other current assets	17	30
Accounts payable	(67)	(9)
Accrued expenses	(188)	(246)
Deferred liabilities		(168)
Net cash used in operating activities	(1,292)	(2,010)
Cash Flows from Investing Activities:
Net change in short-term investment	(19,985)
Proceeds from sale of investments		18,362
Commission in connection with sale of investment		(543)
Exercise of Upside warrant		(759)
Net cash (used in) provided by investing activities	(19,985)	17,060
Net change in cash and cash equivalents	(21,277)	15,050
Cash and cash equivalents:
Beginning	24,041	10,285
Ending	2,764	25,335
Non-cash Investing and Financing Activities
Reclassification as treasury stock of shares received in connection with settlement of related party matter		$ 125

Note 1 - The Company

Note 1 - The Company	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1. - T HE COMPANY Walker Innovation Inc., a Delaware corporation (collectively, with its subsidiaries, the “Company” or “Walker Innovation”), seeks to develop and commercialize its unique portfolio of intellectual property assets through licensing and enforcement operations (“Licensing and Enforcement”). In response to challenging developments in the patent licensing and enforcement environment and the cessation of the Company’s custom innovation work, the Company’s current plan of operations includes a carefully focused Licensing and Enforcement program, and an effort to acquire, through merger, share exchange, asset acquisition, plan of arrangement, recapitalization, reorganization or similar business combination, one After an extended period of evaluation, and in consultation with a financial advisor engaged to provide guidance in this regard, the Board concluded that none June 28, 2018, Walker Digital, LLC (“Walker Digital”), the owner of approximately 82% 48% 42%

Note 2 - Plan of Complete Liqui

Note 2 - Plan of Complete Liquidation and Dissolution	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Liquidation Basis of Accounting [Text Block]	NOTE 2. - PLAN OF COMPLETE LIQUIDATION AND DISSOLUTION The Plan of Complete Liquidation and Dissolution contemplates an orderly wind up of the Company’s business affairs, which will include the sale, transfer or other disposition of the Company’s patent portfolio to the extent those assets are not September 2018 $1.5 $2.5 one may no Although the Company does not not Sale of Remaining Assets The Plan of Complete Liquidation and Dissolution if approved by the stockholders, gives the Board the authority to dispose of all of our remaining property and assets without further stockholder approval. We have received a valuation analysis of one not not Contingency Reserve Under the Delaware General Corporation Law, the Company is required, in connection with the Plan, to satisfy or make reasonable provision for the satisfaction of all claims and liabilities. Following the Effective Date – the date that the Certificate of Dissolution is filed with the Delaware Secretary of State, the Company will pay all expenses and other known liabilities and establish a contingency reserve, consisting of cash or other assets, that the Board believes will be adequate for the satisfaction of all current, contingent or conditional claims and liabilities. The Company will also seek to acquire insurance coverage and take other steps the Board determines are reasonably calculated to provide for the satisfaction of the reasonably estimated amount of such liabilities. The Company estimates the amount of the contingency reserve or the cost of insurance or other steps that may The actual amount of the contingency reserve may may may not may no Liquidation Basis of Accounting As a result of the approval of the Plan of Complete Liquidation and Dissolution by the Board, the Company adopted the Liquidation Basis of Accounting, effective June 28, 2018. 205 30 no June 28, 2018, June 30, 2018 June 28 June 30 not Under the Liquidation Basis of Accounting, all of the Company’s assets have been stated at their estimated net realizable value and are based on current contracts, estimates and other indications of sales value net of estimated selling costs. All liabilities of the Company have been stated at contractual amounts and estimated liabilities are at their estimated settlement amounts, including those estimated costs associated with implementing the Plan of Dissolution. These amounts are presented in the accompanying condensed consolidated statement of net assets. These estimates will be periodically reviewed and adjusted as appropriate. There can be no not may not may no Assessment of Ass ets As of June 30, 2018 no one

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 3. - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting and pursuant to the instructions on Form 10Q 8 X. not not 10 December 31, 2017. Cash and Cash Equivalents The Company maintains its cash in bank deposit and money market accounts that, at times, may three Short term Investment The Company classifies its investment consisting of certificates of deposit with a maturity greater than ninety one Earnings (Loss) per Share Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) applicable to common stock by the weighted-average number of shares of common stock outstanding. Diluted EPS reflects the potential dilution that could occur if securities or other instruments that are convertible into common stock were exercised/converted or could result in the issuance of common stock. As of June 30, 2018 2017, 2018 2017 Common Stock options 4,705,497 4,883,832 Convertible Preferred Stock 14,999,000 14,999,000 Total Common Stock Equivalents 19,704,497 19,882,832 Use of Estimates In preparing the condensed consolidated financial statements in conformity with GAAP including the Liquidation Basis of Accounting, management is required to make estimates and assumptions that affect the reported amounts of assets, including net assets in liquidation, and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of income and expense for the reporting period. Actual results could differ from those estimates. 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 measurement 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 Unaudited Condensed Consolidated Statements of Operations. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. A valuation allowance is provided when it is more likely than not not not New Accounting Pronouncements As a result of adopting the Liquidation Basis of Accounting, we believe no

Note 4 - Liability for Estimate

Note 4 - Liability for Estimated Costs During Liquidation	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Liquidation Basis of Accounting, Accrued Costs to Dispose of Assets and Liabilities [Text Block]	NOTE 4. - LIABILITY FOR ESTIMATED COSTS DURING LIQUIDATION The Liquidation Basis of Accounting requires the Company to estimate net cash flows from operations and to accrue all costs associated with implementing and completing the Plan of Complete Liquidation and Dissolution. These amounts can vary significantly due to, among other things, the costs of retaining personnel and others to oversee the liquidation, the cost of insurance, the timing and amounts associated with discharging known and contingent liabilities and the costs associated with cessation of the Company’s operations, including an estimate of costs subsequent to that date. As a result, the Company has accrued the projected costs, including corporate overhead and specific liquidation costs of severance, professional fees, and other miscellaneous wind-up costs expected to be incurred during the projected period and required to complete the liquidation of the Company’s remaining assets. These accruals will be adjusted from time to time as projections and assumptions change. These costs are anticipated to be paid throughout the liquidation period. Based on the transition to the Liquidation Basis of Accounting on June 28, 2018, June 30, 2018 Severance and employment contract payments $ 886 Insurance costs 345 Professional fees 344 Other operating expenses 338 Settlement of in the money options 550 Liability for estimated costs during liquidation $ 2,463

Note 5 - Shared Services Agreem

Note 5 - Shared Services Agreement	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Agreement [Text Block]	NOTE 5 - SHARED SERVICES AGREEMENT Walker Digital The Company has a Shared Services Agreement (“WDM Shared Services Agreement”) with Walker Digital Management (“WDM”). The cost of such services varies monthly based on the terms of the WDM Shared Services Agreement. The incurred expenses include but are not The following table represents operating expenses contributed by WDM on behalf of the Company and expenses incurred under the WDM Shared Services Agreement for the three six June 30, 2018 three six June 30, 2017: Three Months Ended Six Months Ended June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Operating Expenses: Compensation expenses $ -- $ 3 $ -- $ 7 Rent and utilities 16 42 33 88 Office services and supplies 2 7 3 13 Other 3 17 8 31 Total Operating Expenses $ 21 $ 69 $ 44 $ 139 As of June 30, 2018 December 31, 2017, $6 $12, $38, The Upside Commerce Group, LLC In December 2015, December 2017. three six June 30, 2017 $25 $61

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NO TE 6 - 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 a patent suit may may may not no June 30, 2018 December 31, 2017, not

Note 7 - Equity

Note 7 - Equity	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 7 - EQUITY As of June 30, 2018, 100,000,000 $0.001 15,000,000 $0.001 14,999,000 June 30, 2018, 21,184,744 20,094,314 June 30, 2018, 14,999,000 1:1 1:1

Note 8 - Stock-based Compensati

Note 8 - Stock-based Compensation	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 8 - STOCK-BASED COMPENSATION Total stock-based compensation to employees and non-employees for the three six June 30, 2018 2017, Three Months Ended Six Months Ended June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Employee option awards $ 19 $ 46 $ 51 $ 293 Non-employee compensation expenses -- -- -- 1 Total stock-based compensation expense $ 19 $ 46 $ 51 $ 294 Stock-based Compensation During the second 2018 no A summary of the status of the Company’s stock option plans and the changes during the six June 30, 2018, Number of Shares Weighted Average Exercise Price Intrinsic Value Weighted Average Remaining Contractual Life (in years) Outstanding at December 31, 2017 4,928,832 $ 0.64 $ -- 6.37 Options Granted -- -- -- -- Options Exercised -- -- -- -- Options Expired/Forfeited (223,335 ) 1.75 -- -- Outstanding at June 30, 2018 4,705,497 0.59 267 6.36 Options vested and exercisable at June 30, 2018 4,192,157 $ 0.62 $ 224 6.06 In connection with the Company’s decision to liquidate, the Board approved the vesting of 513,340 $74 $550. As of June 30, 2018, no 4

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company maintains its cash in bank deposit and money market accounts that, at times, may three
Earnings Per Share, Policy [Policy Text Block]	Earnings (Loss) per Share Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) applicable to common stock by the weighted-average number of shares of common stock outstanding. Diluted EPS reflects the potential dilution that could occur if securities or other instruments that are convertible into common stock were exercised/converted or could result in the issuance of common stock. As of June 30, 2018 2017, 2018 2017 Common Stock options 4,705,497 4,883,832 Convertible Preferred Stock 14,999,000 14,999,000 Total Common Stock Equivalents 19,704,497 19,882,832
Short-term Investments , Policy [Policy Text Block]	Short term Investment The Company classifies its investment consisting of certificates of deposit with a maturity greater than ninety one
Use of Estimates, Policy [Policy Text Block]	Use of Estimates In preparing the condensed consolidated financial statements in conformity with GAAP including the Liquidation Basis of Accounting, management is required to make estimates and assumptions that affect the reported amounts of assets, including net assets in liquidation, and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of income and expense for the reporting period. Actual results could differ from those estimates.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	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 measurement 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 Unaudited Condensed Consolidated Statements of Operations.
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. A valuation allowance is provided when it is more likely than not not not
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements As a result of adopting the Liquidation Basis of Accounting, we believe no
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting and pursuant to the instructions on Form 10Q 8 X. not not 10 December 31, 2017.

Note 3 - Summary of Significa18

Note 3 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	2018 2017 Common Stock options 4,705,497 4,883,832 Convertible Preferred Stock 14,999,000 14,999,000 Total Common Stock Equivalents 19,704,497 19,882,832

Note 4 - Liability for Estima19

Note 4 - Liability for Estimated Costs During Liquidation (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Liquidation Basis of Accounting, Accrued Costs to Dispose of Assets and Liabilities [Table Text Block]	June 30, 2018 Severance and employment contract payments $ 886 Insurance costs 345 Professional fees 344 Other operating expenses 338 Settlement of in the money options 550 Liability for estimated costs during liquidation $ 2,463

Note 5 - Shared Services Agre20

Note 5 - Shared Services Agreement (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Expenses by Category [Table Text Block]	Three Months Ended Six Months Ended June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Operating Expenses: Compensation expenses $ -- $ 3 $ -- $ 7 Rent and utilities 16 42 33 88 Office services and supplies 2 7 3 13 Other 3 17 8 31 Total Operating Expenses $ 21 $ 69 $ 44 $ 139

Note 8 - Stock-based Compensa21

Note 8 - Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Share-based Compensation, Activity [Table Text Block]	Three Months Ended Six Months Ended June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Employee option awards $ 19 $ 46 $ 51 $ 293 Non-employee compensation expenses -- -- -- 1 Total stock-based compensation expense $ 19 $ 46 $ 51 $ 294
Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of Shares Weighted Average Exercise Price Intrinsic Value Weighted Average Remaining Contractual Life (in years) Outstanding at December 31, 2017 4,928,832 $ 0.64 $ -- 6.37 Options Granted -- -- -- -- Options Exercised -- -- -- -- Options Expired/Forfeited (223,335 ) 1.75 -- -- Outstanding at June 30, 2018 4,705,497 0.59 267 6.36 Options vested and exercisable at June 30, 2018 4,192,157 $ 0.62 $ 224 6.06

Note 1 - The Company (Details T

Note 1 - The Company (Details Textual) - Walker Digital Holdings, LLC [Member]	Jun. 30, 2018
Percentage for Voting Interest	82.00%
Percentage for Economic Ownership Interest	48.00%
Percentage for Economic Ownership Interest, Diluted	42.00%

Note 2 - Plan of Complete Liq23

Note 2 - Plan of Complete Liquidation and Dissolution (Details Textual) $ in Thousands	Jun. 30, 2018USD ($)
Patents [Member]
Finite-Lived Intangible Assets, Net, Ending Balance	$ 0
Minimum [Member]
Liquidation Basis of Accounting, Costs to Dispose of Assets and Liabilities, Contingency Reserve	1,500
Maximum [Member]
Liquidation Basis of Accounting, Costs to Dispose of Assets and Liabilities, Contingency Reserve	$ 2,500

Note 3 - Summary of Significa24

Note 3 - Summary of Significant Accounting Policies - Financial Instruments Were Not Included in Diluted Loss Per Share Calculation (Details) - shares	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Common Stock Equivalents (in shares)	19,704,497	19,882,832
Employee Stock Option [Member]
Common Stock Equivalents (in shares)	4,705,497	4,883,832
Convertible Equity Securities, Preferred Stock [Member]
Common Stock Equivalents (in shares)	14,999,000	14,999,000

Note 4 - Liability for Estima25

Note 4 - Liability for Estimated Costs During Liquidation - Expenses Expected to be Incurred (Details) $ in Thousands	Jun. 30, 2018USD ($)
Liability for estimated costs during liquidation	$ 2,463
Severance and Employment Contract Payments [Member]
Liability for estimated costs during liquidation	886
Insurance Costs [Member]
Liability for estimated costs during liquidation	345
Professional Fees [Member]
Liability for estimated costs during liquidation	344
Other Operating Expenses [Member]
Liability for estimated costs during liquidation	338
Settlement of in the Money Options [Member]
Liability for estimated costs during liquidation	$ 550

Note 5 - Shared Services Agre26

Note 5 - Shared Services Agreement (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Other Nonoperating Income		$ 109		$ 229
Walker Digital Management [Member] | Estimated Costs During Liquidation [Member]
Due to Related Parties, Current, Total	38		38
Walker Digital Management [Member] | Accounts Payable and Accrued Liabilities [Member]
Due to Related Parties, Current, Total	$ 6		$ 6		$ 12
The Upside Commerce Group, LLC [Member]
Other Nonoperating Income		$ 25		$ 61

Note 5 - Shared Services Agre27

Note 5 - Shared Services Agreement - Operating Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Total operating expenses	$ 553	$ 864	$ 1,208	$ 2,148
Shared Services Agreement [Member]
Compensation expenses		3		7
Rent and utilities	16	42	33	88
Office services and supplies	2	7	3	13
Other	3	17	8	31
Total operating expenses	$ 21	$ 69	$ 44	$ 139

Note 7 - Equity (Details Textua

Note 7 - Equity (Details Textual) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	15,000,000	15,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued, Total	21,184,744	21,184,744
Common Stock, Shares, Outstanding, Ending Balance	20,094,314	20,094,314
Series B Convertible Preferred Stock [Member]
Preferred Stock Shares Designated	14,999,000
Preferred Stock, Shares Outstanding, Ending Balance	14,999,000
Preferred Stock, Shares Issued, Total	14,999,000
Convertible Preferred Stock, Shares Issued upon Conversion	1

Note 8 - Stock-based Compensa29

Note 8 - Stock-based Compensation (Details Textual) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018USD ($)shares	Jun. 30, 2018USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares	0
Liquidation Basis of Accounting, Accrued Costs to Dispose of Assets and Liabilities	$ 2,463	$ 2,463
Settlement of in the Money Options [Member]
Liquidation Basis of Accounting, Accrued Costs to Dispose of Assets and Liabilities	550	$ 550
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | shares		513,340
Share-based Compensation Arrangement by Share-based Payment Award Accelerated Compensation Cost		$ 74
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	$ 0	$ 0

Note 8 - Stock-based Compensa30

Note 8 - Stock-based Compensation - Stock-based Compensation to Employees and Non-employees (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Stock-based compensation expense	$ 19	$ 46	$ 51	$ 294
Employee Stock Option [Member]
Stock-based compensation expense	19	46	51	293
Non-employee Compensation Expense [Member]
Stock-based compensation expense				$ 1

Note 8 - Stock-based Compensa31

Note 8 - Stock-based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Outstanding (in shares)		4,928,832
Outstanding, weighted average exercise price (in dollars per share)		$ 0.64
Outstanding, intrinsic value	$ 267	$ 267
Outstanding, weighted average remaining contractual life (Year)		6 years 131 days	6 years 135 days
Options Granted (in shares)	0
Options Granted, weighted average exercise price (in dollars per share)
Options Exercised (in shares)
Options Exercised, weighted average exercise price (in dollars per share)
Options Expired/Forfeited (in shares)		(223,335)
Options Expired/Forfeited, weighted average exercise price (in dollars per share)		$ 1.75
Outstanding (in shares)	4,705,497	4,705,497	4,928,832
Outstanding, weighted average exercise price (in dollars per share)	$ 0.59	$ 0.59	$ 0.64
Options vested and exercisable at June 30, 2018 (in shares)	4,192,157	4,192,157
Options vested and exercisable, weighted average exercise price (in dollars per share)	$ 0.62	$ 0.62
Options vested and exercisable, intrinsic value	$ 224	$ 224
Options vested and exercisable, weighted average remaining contractual life (Year)		6 years 21 days