Remark (MARK) 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 14, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	Remark Media, Inc.
Entity Central Index Key	1,368,365
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Outstanding		14,398,102

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 844	$ 1,525
Trade accounts receivable	86	41
Prepaid expense and other current assets	848	707
Total current assets	1,778	2,273
Notes receivable	1,350	1,350
Property and equipment, net	2,193	1,398
Investment in unconsolidated affiliate	1,030	1,030
Intangibles, net	6,124	6,518
Goodwill	5,293	5,293
Other long-term assets	80	94
Total assets	17,848	17,956
Liabilities and Stockholders’ Equity
Accounts payable	1,487	1,356
Advances from stockholder	86	86
Accrued expense and other current liabilities	1,328	1,210
Demand note payable to related party	350	350
Derivative liability	291	512
Current maturities of long-term debt payable to related parties	5,990	2,500
Capital lease obligations	82	158
Total current liabilities	9,614	6,172
Long-term debt	3,400	3,100
Long-term debt payable to related parties, less current portion and discount	0	3,481
Other liabilities	25	25
Total liabilities	$ 13,039	$ 12,778
Commitments and contingencies (Note 11)
Preferred stock, $0.001 par value; 1,000,000 shares authorized; none issued	$ 0	$ 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 14,059,102 and 12,784,960 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively	14	13
Additional paid-in-capital	140,999	135,116
Accumulated other comprehensive income	11	36
Accumulated deficit	(136,215)	(129,987)
Total stockholders’ equity	4,809	5,178
Total liabilities and stockholders’ equity	$ 17,848	$ 17,956

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,059,102	12,784,960
Common stock, shares outstanding	14,059,102	12,784,960

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenue	$ 821	$ 766	$ 1,624	$ 1,426
Operating expense
Sales and marketing	178	33	376	108
Content, technology and development	172	237	339	309
General and administrative	3,342	4,619	6,505	8,538
Depreciation and amortization	223	165	450	299
Impairment of long-lived assets	0	268	0	268
Total operating expense	3,915	5,322	7,670	9,522
Operating loss	(3,094)	(4,556)	(6,046)	(8,096)
Other income (expense)
Interest expense	(211)	(113)	(405)	(206)
Other income	0	21	1	21
Gain (loss) on change in fair value of derivative liability	155	(650)	221	(779)
Total other expense, net	(56)	(742)	(183)	(964)
Loss before income taxes	(3,150)	(5,298)	(6,229)	(9,060)
Benefit from (provision for) income taxes	0	0	0	0
Net loss	(3,150)	(5,298)	(6,229)	(9,060)
Other comprehensive income (loss)
Foreign currency translation adjustments	(25)	52	(25)	51
Comprehensive loss	$ (3,175)	$ (5,246)	$ (6,254)	$ (9,009)
Weighted-average shares outstanding, basic and diluted (in shares)	13,903	8,129	13,395	8,129
Net loss per share, basic and diluted (usd per share)	$ (0.23)	$ (0.65)	$ (0.47)	$ (1.11)

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Cash Flows [Abstract]
Net cash used in operating activities	$ (4,489)	$ (3,325)
Cash flows from investing activities:
Purchases of property, equipment and software	(850)	(95)
Business acquisitions, net of cash received	0	(179)
Other asset additions	0	(450)
Loan to third party	0	(1,350)
Net cash used in investing activities	(850)	(2,074)
Cash flows from financing activities:
Proceeds from issuance of common stock, net	4,459	2,993
Proceeds from debt issuance	300	3,500
Payments of capital lease obligations	(76)	(66)
Net cash provided by financing activities	4,683	6,427
Net increase (decrease) in cash and cash equivalents	(656)	1,028
Beginning of period	1,525	1,261
Impact of foreign currency translation on cash	(25)	51
End of period	844	2,340
Supplemental schedule of non-cash investing and financing activities:
Common stock issued in acquisition transactions	$ 0	$ 6,638

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	NOTE 1. ORGANIZATION AND BUSINESS Organization and Business Remark Media, Inc. and subsidiaries (“Remark”, “we”, “us”, or “our”) is a global digital media company headquartered in Las Vegas, Nevada, with additional operations in China and Brazil. Our primary operations consist of owning and operating digital media properties, such as websites and applications for mobile devices, primarily in the United States and Asia. Through our websites and mobile applications, we provide customers with the ability to file business and personal tax extensions with the IRS, to make hotel reservations through our Roomlia mobile application, to purchase merchandise via our Bikini.com website, and we provide the ability for third-party companies to advertise on our websites. Our common stock is listed on the NASDAQ Capital Market under the ticker symbol MARK. Liquidity Considerations During the six months ended June 30, 2015 , and in each fiscal year since our inception, we have incurred net losses and generated negative cash flow from operations, resulting in an accumulated deficit of $136.2 million and a cash and cash equivalents balance of $0.8 million , both amounts as of June 30, 2015 . Our revenue during the six months ended June 30, 2015 was $1.6 million . During the six months ended June 30, 2015 , we issued a total of 1,100,000 shares of our common stock to investors in certain private placements and registered direct offerings in exchange for approximately $4.1 million in cash. Also, during the first quarter of 2015, we issued an unsecured convertible promissory note in the original principal amount of $0.3 million in exchange for cash of the same amount. We intend to fund our future operations, particularly related to our young adult lifestyle and personal finance properties, through dynamic growth. Additionally, we are actively evaluating potential acquisitions that would provide additional revenue, assessing the sale of certain non-core assets, and considering sales of minority interests in certain of our operating businesses. Absent acquisitions of new businesses or material increases in revenue from our existing customers, neither of which we can assure, current revenue growth will not be sufficient to sustain our operations in the long term; therefore, we will likely need to obtain additional capital through equity or debt financing and/or by divesting of certain assets or businesses, neither of which we can assure will happen on commercially reasonable terms, if at all. In addition, if we obtain capital by issuing equity, such transaction(s) may dilute existing stockholders. We can neither be certain that we will be successful at raising capital at all, nor be certain regarding what amount of capital we may raise. Conditions in the debt and equity markets, as well as the volatility of investor sentiment regarding macroeconomic and microeconomic conditions, will play primary roles in determining whether we can successfully obtain additional capital. Should we fail to successfully implement our plans described herein, such failure would have a material adverse effect on our business, including the possible cessation of operations. A variety of factors, many of which are outside of our control, affect our cash flow; those factors include regulatory issues, competition, financial markets and other general business conditions. Based upon our most recent cash flow projections, we believe that we have sufficient existing cash, cash equivalents and cash resources to meet our ongoing requirements through June 30, 2016 , including repayment of our existing debt as it matures. However, projecting operating results is inherently uncertain because anticipated expenses may exceed current forecasts; therefore, we cannot assure you that we will generate sufficient income and cash flow to meet all of our liquidity requirements.

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 We prepared the accompanying unaudited Condensed Consolidated Balance Sheet as of June 30, 2015 , with the audited Consolidated Balance Sheet amounts as of December 31, 2014 presented for comparative purposes, and the related unaudited Condensed Consolidated Statements of Operations and Statements of Cash Flows in accordance with the instructions for Form 10-Q. In compliance with those instructions, we have omitted certain information and footnote disclosures normally included in annual consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), though management believes the disclosures made herein are sufficient to ensure that the information presented is not misleading. Our results of operations and our cash flows as of the end of the interim periods reported herein do not necessarily indicate the results we may experience for the remainder of the year or for any other future period. Management believes our unaudited condensed consolidated interim financial statements include all the normal recurring adjustments necessary to fairly present our unaudited Condensed Consolidated Balance Sheet as of June 30, 2015 , our unaudited Condensed Consolidated Statements of Operations and our unaudited Condensed Consolidated Statements of Cash Flows for all periods presented. You should read our unaudited condensed consolidated interim financial statements and footnotes in conjunction with our consolidated financial statements and footnotes included within our 2014 Form 10-K. Consolidation We include all of our subsidiaries in our consolidated financial statements, eliminating all significant intercompany balances and transactions during consolidation. The equity of certain of our subsidiaries is either partially or fully held by citizens of the country of incorporation to comply with local laws and regulations. Use of Estimates We prepare our consolidated financial statements in conformity with GAAP. While preparing our financial statements, we make estimates and assumptions that affect amounts reported and disclosed in the consolidated financial statements and accompanying notes. Accordingly, actual results could differ from those estimates. On an ongoing basis, we evaluate our estimates, including those related to accounts receivable, intangible assets, the useful lives of property and equipment, stock-based compensation, and income taxes, among other items. Changes to Significant Accounting Policies We have made no material changes to our significant accounting policies as reported in our 2014 Form 10-K. Recently Issued Accounting Pronouncements We have reviewed all recently issued accounting pronouncements. The pronouncements that we have already adopted did not have a material effect on our financial condition, results of operations, cash flows or reporting thereof, and we do not believe that any of the pronouncements that we have not yet adopted will have a material effect on our financial condition, results of operations, cash flows or reporting thereof.

INVESTMENT IN UNCONSOLIDATED AF

INVESTMENT IN UNCONSOLIDATED AFFILIATE	6 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
INVESTMENT IN UNCONSOLIDATED AFFILIATE	NOTE 3. INVESTMENT IN UNCONSOLIDATED AFFILIATE In 2009, we co-founded a U.S.-based venture, Sharecare, to build a web-based platform that simplifies the search for health and wellness information. The other co-founders of Sharecare were Dr. Mehmet Oz, HARPO Productions, Discovery Communications, Jeff Arnold and Sony Pictures Television. As of June 30, 2015 , we owned approximately 5.2% of Sharecare’s issued stock and maintained representation on its Board of Directors. Our percentage of ownership declined since March 31, 2015 due to Sharecare’s issuance of additional equity during the three months ended June 30, 2015.

NOTE RECEIVABLE FROM BOMBO SPOR

NOTE RECEIVABLE FROM BOMBO SPORTS & ENTERTAINMENT, LLC	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
NOTE RECEIVABLE FROM BOMBO SPORTS & ENTERTAINMENT, LLC	NOTE 4. NOTE RECEIVABLE FROM BOMBO SPORTS & ENTERTAINMENT, LLC In February 2014, we entered into a loan agreement with Bombo Sports & Entertainment, LLC (“BSE”) pursuant to which we loaned BSE $1.0 million . In April 2014, both parties entered into an amendment to the loan agreement (as amended, the “BSE Loan Agreement”), pursuant to which, from April to June 2014, we loaned an additional $0.35 million to BSE. The loan bore interest at 5% per annum, with principal and interest due and payable within 10 days after delivery of a written demand to BSE. Under the BSE Loan Agreement, if the loan was not repaid in full at the end of the 10 -day period, the interest rate increased to 12% per annum until the loan was repaid in full. At any time, BSE could have prepaid all or any portion of the loan without premium or penalty. In September 2014, we delivered a written demand for payment to BSE and, because BSE had not repaid any portion of the loan after we provided our written demand, we commenced legal proceedings against BSE and its controlling owner to recover the amount owed. In July 2015, we settled our legal proceedings and released our claims against BSE, including for payment of all amounts due under the BSE Loan Agreement, and we terminated all agreements between us and the controlling owner of BSE under the terms of a settlement agreement which we describe in more detail in Note 14 .

DERIVATIVE LIABILITY

DERIVATIVE LIABILITY	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
DERIVATIVE LIABILITY	NOTE 5. DERIVATIVE LIABILITY At the end of each reporting period, we use the Monte Carlo Simulation model to estimate and report the fair value of certain common stock warrants we issued that we recorded as liabilities. The following table presents the quantitative assumptions, which we classify in Level 3 of the fair value hierarchy, used in estimating the fair value of the warrants: June 30, December 31, 2015 2014 Annual dividend rate — % — % Expected volatility 70.00 % 90.00 % Risk-free interest rate 0.70 % 0.95 % Expected remaining term (years) 2.16 2.66 In addition to the quantitative assumptions above, we also consider whether we would issue additional equity and, if so, at what price per share would we issue such equity. At June 30, 2015 , we estimated a 95% probability that a future financing event would be dilutive. The following table presents the reconciliation of the beginning and ending balances of the derivative liability associated with certain common stock warrants that remain outstanding (in thousands): Six Months Ended June 30, Year Ended December 31, 2015 2014 Balance at beginning of period $ 512 $ 769 Decrease in fair value (221 ) (28 ) Reduction due to exercise of warrants — (229 ) Balance at end of period $ 291 $ 512

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	6 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	NOTE 6. PREPAID EXPENSE AND OTHER CURRENT ASSETS Prepaid expense and other current assets consist of the following (in thousands): June 30, 2015 December 31, 2014 Prepaid expense $ 223 $ 279 Inventory 526 273 Other current assets 99 155 Total $ 848 $ 707

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 7. PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands, except estimated lives): Estimated Life (Years) June 30, December 31, 2014 Computer equipment 3 485 561 Software 3 381 401 Software development in progress 2,005 1,186 Furniture and fixtures — 2 Leasehold improvements — 86 Total property, equipment and software 2,871 2,236 Less accumulated depreciation (678 ) (838 ) Total property, equipment and software, net $ 2,193 $ 1,398 For the three months and the six months ended June 30, 2015 and 2014 , depreciation (and amortization of software) expense was not material.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 8. GOODWILL AND OTHER INTANGIBLE ASSETS The following table summarizes intangible assets by category (in thousands): June 30, 2015 December 31, 2014 Gross Amount Accumulated Net Amount Gross Amount Accumulated Net Amount Finite-lived intangible assets Domain names $ 4,219 $ (1,223 ) $ 2,996 $ 4,219 $ (1,026 ) $ 3,193 Customer relationships 3,113 (461 ) 2,652 3,113 (323 ) 2,790 Acquired technology 436 (102 ) 334 436 (58 ) 378 Other intangible assets 107 (65 ) 42 107 (50 ) 57 $ 7,875 $ (1,851 ) $ 6,024 $ 7,875 $ (1,457 ) $ 6,418 Indefinite-lived intangible assets License to operate in China $ 100 $ 100 $ 100 $ 100 Total intangible assets $ 7,975 $ 6,124 $ 7,975 $ 6,518 We recorded total amortization expense of $0.4 million and $0.3 million for the six months ended June 30, 2015 and 2014 , respectively. The following table summarizes the changes in goodwill during the six months ended June 30, 2015 and the year ended December 31, 2014 (in thousands): Six Months Ended June 30, Year Ended December 31, 2015 2014 Balance at beginning of period $ 5,293 $ 1,823 Goodwill acquired — 3,470 Balance at end of period $ 5,293 $ 5,293

CAPITAL LEASES

CAPITAL LEASES	6 Months Ended
	Jun. 30, 2015
Capital Lease Obligations [Abstract]
CAPITAL LEASES	NOTE 9. CAPITAL LEASES In December 2010, Banks.com entered into a sale-leaseback arrangement with Domain Capital, LLC consisting of an agreement to assign the domain name (www.banks.com) to Domain Capital in exchange for $0.6 million in cash and a lease agreement to lease back the domain name from Domain Capital for a five -year term. The lease provides for a bargain purchase option at the end of its term, effectively transferring ownership back to Banks.com. Effective June 2012, Banks.com became our wholly-owned subsidiary pursuant to a merger agreement under which we assumed all its outstanding liabilities. As of June 30, 2015 , the remaining obligation under this capital lease was approximately $0.1 million , all of which is payable during 2015. The interest portion of the future minimum lease payments was not material as of June 30, 2015 .

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	NOTE 10. LONG-TERM DEBT During December 2014, we issued the following unsecured convertible promissory notes in exchange for cash: one note with an original principal amount of $3.0 million to Ashford Capital Partners, L.P., and one note with an original principal amount of $0.1 million to another accredited investor (not a related party). During March 2015, we issued another unsecured convertible promissory note with an original principal amount of $0.3 million in exchange for cash to Ashford Capital Partners, L.P. All of the notes are unsecured and bear interest at a rate of 8.00% per annum, with interest payable quarterly and all unpaid principal and any accrued but unpaid interest due and payable on the second anniversary of their issuance. We may prepay all or any portion of the notes at any time upon providing at least 15 days prior written notice to the note holder. At any time, either the note holder or we may elect to convert all or any portion of the outstanding principal amount and accrued but unpaid interest under the note into shares of our common stock at a conversion price of $5.50 per share, except that we may only do so if the closing price of our common stock on the immediately-preceding trading day is greater than or equal to the conversion price.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11. COMMITMENTS AND CONTINGENCIES We are neither a defendant in any material pending legal proceeding nor are we aware of any material threatened claims against us; therefore, we have not accrued any contingent liabilities.

STOCKHOLDERS' EQUITY AND NET LO

STOCKHOLDERS' EQUITY AND NET LOSS PER SHARE	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY AND NET LOSS PER SHARE	NOTE 12. STOCKHOLDERS' EQUITY AND NET LOSS PER SHARE Equity Issuances During the six months ended June 30, 2015 , we issued a total of 1,100,000 shares of our common stock to investors in certain private placements and registered direct offerings in exchange for approximately $4.1 million in cash. Also, we issued 91,642 shares of our common stock upon the exercise of stock option awards in exchange for $0.3 million . Stock-Based Compensation We are authorized to issue equity-based awards under our 2006 Equity Incentive Plan, our 2010 Equity Incentive plan and our 2014 Incentive Plan, each of which our stockholders have approved. We grant such awards to attract, retain and motivate eligible officers, directors, employees and consultants. Under each of the plans, we have granted shares of restricted stock and options to purchase common stock to our officers and employees with exercise prices equal to or greater than the fair value of the underlying shares on the grant date. Stock options awarded generally expire ten years from the grant date. All forms of equity awards vest upon the passage of time, the attainment of performance criteria, or both. The following table summarizes the stock option activity under our equity incentive plans as of June 30, 2015 , and changes during the six months then ended: Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) Outstanding at January 1, 2015 1,735,962 $ 9.63 Granted 683,750 4.30 Exercised (91,642 ) 3.14 Forfeited, cancelled or expired (34,792 ) 8.19 Outstanding at June 30, 2015 2,293,278 $ 8.35 8.1 $ 183 Options exercisable at June 30, 2015 1,842,090 $ 9.30 7.7 $ 176 We did not award restricted stock under our equity incentive plans during the six months ended June 30, 2015 . We incurred share-based compensation expense of $0.8 million and $2.7 million , respectively, during the three months ended June 30, 2015 and 2014 , and of $1.4 million and $5.0 million , respectively, during the six months ended June 30, 2015 and 2014 . Net Loss per Share For the three months and the six months ended June 30, 2015 and 2014 , there were no reconciling items related to either the numerator or denominator of the loss per share calculation. Securities which would have been anti-dilutive to a calculation of diluted earnings per share include: • the outstanding stock options described above; • the convertible notes described in Note 10 and Note 13 , which are convertible into 2,158,315 shares as of June 30, 2015 ; • the warrants issued in conjunction with our acquisition of Hotelmobi, Inc., which may be exercised to purchase 1,000,000 shares of our common stock, half at an exercise price of $8.00 per share and half at an exercise price of $12.00 per share; and • the warrants issued in conjunction with a private placement in 2012, which may be exercised to purchase 215,278 shares of our common stock at an exercise price of $5.12 per share.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 13. RELATED PARTY TRANSACTIONS Secured Convertible Notes Our Chairman of the Board and Chief Executive Officer, Kai-Shing Tao, is the manager of and a member of Digipac, LLC (“Digipac”), a company of which our Chief Financial Officer, Douglas Osrow, is also a member. On January 29, 2014 and November 14, 2013, we issued senior secured convertible promissory notes to Digipac in exchange for cash. The following table provides the primary details of the notes on the date we issued them to Digipac (principal in thousands): Original Principal Amount Interest Rate in Year One Interest Rate Thereafter Conversion Price per Share Note issued in: January 2014 $ 3,500 6.67 % 8.67 % $ 5.03 November 2013 2,500 6.67 % 8.67 % 3.75 Interest on the notes issued in January 2014 and November 2013 is payable quarterly, and all unpaid principal plus any accrued but unpaid interest must be paid on the second anniversary of issuance. At any time, Digipac may elect to convert all or any portion of the outstanding principal amount and accrued but unpaid interest under such notes into shares of our common stock at the conversion prices noted in the table above. We may also elect to convert all or any portion of the outstanding principal amount and accrued but unpaid interest under such notes into shares of our common stock at the applicable conversion price if the volume-weighted average price of the common stock is equal to at least 150% of the applicable conversion price for at least 30 of the 40 trading days immediately prior to the date of our election. Such notes also provide that we and Digipac will negotiate and enter into a registration rights agreement providing Digipac with demand and piggyback registration rights with respect to the shares of common stock underlying such notes. We filed a Registration Statement on Form S-1 with the SEC, registering the resale of 1,420,497 shares of our common stock issuable upon conversion of the notes issued in January 2014 and November 2013, which was declared effective on August 26, 2014. We may prepay all or a portion of such notes at any time upon at least 15 days’ prior written notice to Digipac. The November 2013 Note and the January 2014 Note are subject to a security agreement we entered into with Digipac, which, as amended, provides that our obligations under such notes are secured by all of our assets, except for our equity interest in Sharecare, Inc. We determined that the convertible note we issued in January 2014 contained an embedded beneficial conversion feature because the note is convertible at a price per share of common stock equal to 99% of the closing stock price as of the note’s effective date. Using the intrinsic method, we estimated the fair value of the embedded conversion feature and recorded a debt discount of approximately $35 thousand , which we will amortize over the life of the note using the effective interest method. Demand Note On September 11, 2014, Digipac loaned us $0.35 million , which loan is evidenced by a demand note dated as of the same date. The demand note bears interest at an annual rate of 5.25% , with all principal and interest due and payable within 10 days after Digipac provides us with a written demand. If we do not pay the demand note in full by the end of the 10 day period, the outstanding principal will bear interest at an annual rate of 8.25% until paid in full. Remark may prepay all or any portion of the demand note at any time without premium or penalty. We incurred interest expense on the related-party notes of $0.1 million during the three months ended June 30, 2015 and 2014 , and of $0.3 million and $0.2 million , respectively, during the six months ended June 30, 2015 and 2014 .

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14. SUBSEQUENT EVENTS Equity Issuance On July 10, 2015, we issued 339,000 shares of our common stock in a registered direct offering in exchange for net proceeds, after payment of fees and expense, of approximately $1.3 million . Except for an amount equal to the par value of the shares issued, we recorded the net proceeds amount in additional paid-in capital. Settlement of Legal Proceedings On July 28, 2015, we entered into a settlement agreement with BSE and Robert S. Potter related to the loans that we made to BSE pursuant to the BSE Loan Agreement described in Note 4 . The settlement agreement provides for, among other things, the settlement of our legal proceedings and the release of our claims against BSE and Mr. Potter, including for payment of all amounts due under the BSE Loan Agreement, the termination of all previous agreements between us and Mr. Potter, and certain other agreements and releases. In connection with the settlement agreement, we also entered into a servicing agreement with BSE that provides, among other things, for the following: (i) for a period of two years , BSE will loan to us Mr. Potter’s services for up to 100 hours each year; (ii) for a period of two years , we may, at our option, engage BSE to produce a total of four one-hour length projects at cost; (iii) for a period of five years , we will have the exclusive right to use BSE’s film library in specified Asian-Pacific countries and territories, to the extent of BSE’s rights thereto and subject to BSE’s approval of any license or similar agreement governing our exploitation thereof (not to be unreasonably withheld), with us retaining the first $500,000 of net profit and any additional net profit split equally between us and BSE; and (iv) for a period of five years , we will have the right to purchase 10% of BSE for $1.50 or 20% of BSE for $5.00 , provided that if we exercise this right, commencing on the six-month anniversary of such acquisition, we will be obligated to market the BSE film library in the specified Asian-Pacific countries and territories for a period of 10 years , with us retaining 50% of the first $500,000 of net profits from such marketing and 25% of net profits thereafter, and us receiving $100,000 per year for such marketing services beginning on the 18-month anniversary of such acquisition. We previously disclosed the settlement agreement and the servicing agreement in, and filed them as exhibits to, the Current Report on Form 8-K we filed with the SEC on July 30, 2015. As a result of the settlement agreement, we will no longer have a note receivable from BSE; rather, we will have an intangible asset represented by the rights provided to us in the servicing agreement. We are currently evaluating our rights under the servicing agreement to determine the appropriate value to assign to the resulting intangible asset. Because our analysis is ongoing and any gain or loss related to the note receivable that existed as of June 30, 2015 is not currently determinable, we have not yet recorded any such gain or loss. Option Awards On July 28, 2015, the Compensation Committee of our Board of Directors granted stock options under our 2014 Incentive Plan to our executive officers. The stock options allow the executive officers to purchase a total of one million shares of our common stock at an exercise price of $4.29 per share. Fifty percent of the stock options vested on the grant date, another 25% will vest on September 30, 2015, and the final 25% will vest on December 31, 2015. The options have a contract term of 10 years from the grant date.

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Consolidation	Consolidation We include all of our subsidiaries in our consolidated financial statements, eliminating all significant intercompany balances and transactions during consolidation. The equity of certain of our subsidiaries is either partially or fully held by citizens of the country of incorporation to comply with local laws and regulations.
Use of Estimates	Use of Estimates We prepare our consolidated financial statements in conformity with GAAP. While preparing our financial statements, we make estimates and assumptions that affect amounts reported and disclosed in the consolidated financial statements and accompanying notes. Accordingly, actual results could differ from those estimates. On an ongoing basis, we evaluate our estimates, including those related to accounts receivable, intangible assets, the useful lives of property and equipment, stock-based compensation, and income taxes, among other items.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements We have reviewed all recently issued accounting pronouncements. The pronouncements that we have already adopted did not have a material effect on our financial condition, results of operations, cash flows or reporting thereof, and we do not believe that any of the pronouncements that we have not yet adopted will have a material effect on our financial condition, results of operations, cash flows or reporting thereof.

DERIVATIVE LIABILITY (Tables)

DERIVATIVE LIABILITY (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Assumptions Used in Estimating the Fair Value of Warrants	The following table presents the quantitative assumptions, which we classify in Level 3 of the fair value hierarchy, used in estimating the fair value of the warrants: June 30, December 31, 2015 2014 Annual dividend rate — % — % Expected volatility 70.00 % 90.00 % Risk-free interest rate 0.70 % 0.95 % Expected remaining term (years) 2.16 2.66
Change in Fair Value of Warrants Accounted for as Derivative Liabilities	The following table presents the reconciliation of the beginning and ending balances of the derivative liability associated with certain common stock warrants that remain outstanding (in thousands): Six Months Ended June 30, Year Ended December 31, 2015 2014 Balance at beginning of period $ 512 $ 769 Decrease in fair value (221 ) (28 ) Reduction due to exercise of warrants — (229 ) Balance at end of period $ 291 $ 512

PREPAID EXPENSES AND OTHER CU22

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	6 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expense and Other Current Assets	Prepaid expense and other current assets consist of the following (in thousands): June 30, 2015 December 31, 2014 Prepaid expense $ 223 $ 279 Inventory 526 273 Other current assets 99 155 Total $ 848 $ 707

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consist of the following (in thousands, except estimated lives): Estimated Life (Years) June 30, December 31, 2014 Computer equipment 3 485 561 Software 3 381 401 Software development in progress 2,005 1,186 Furniture and fixtures — 2 Leasehold improvements — 86 Total property, equipment and software 2,871 2,236 Less accumulated depreciation (678 ) (838 ) Total property, equipment and software, net $ 2,193 $ 1,398

GOODWILL AND OTHER INTANGIBLE24

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets	The following table summarizes intangible assets by category (in thousands): June 30, 2015 December 31, 2014 Gross Amount Accumulated Net Amount Gross Amount Accumulated Net Amount Finite-lived intangible assets Domain names $ 4,219 $ (1,223 ) $ 2,996 $ 4,219 $ (1,026 ) $ 3,193 Customer relationships 3,113 (461 ) 2,652 3,113 (323 ) 2,790 Acquired technology 436 (102 ) 334 436 (58 ) 378 Other intangible assets 107 (65 ) 42 107 (50 ) 57 $ 7,875 $ (1,851 ) $ 6,024 $ 7,875 $ (1,457 ) $ 6,418 Indefinite-lived intangible assets License to operate in China $ 100 $ 100 $ 100 $ 100 Total intangible assets $ 7,975 $ 6,124 $ 7,975 $ 6,518
Indefinite-Lived Intangible Assets	The following table summarizes intangible assets by category (in thousands): June 30, 2015 December 31, 2014 Gross Amount Accumulated Net Amount Gross Amount Accumulated Net Amount Finite-lived intangible assets Domain names $ 4,219 $ (1,223 ) $ 2,996 $ 4,219 $ (1,026 ) $ 3,193 Customer relationships 3,113 (461 ) 2,652 3,113 (323 ) 2,790 Acquired technology 436 (102 ) 334 436 (58 ) 378 Other intangible assets 107 (65 ) 42 107 (50 ) 57 $ 7,875 $ (1,851 ) $ 6,024 $ 7,875 $ (1,457 ) $ 6,418 Indefinite-lived intangible assets License to operate in China $ 100 $ 100 $ 100 $ 100 Total intangible assets $ 7,975 $ 6,124 $ 7,975 $ 6,518
Goodwill	The following table summarizes the changes in goodwill during the six months ended June 30, 2015 and the year ended December 31, 2014 (in thousands): Six Months Ended June 30, Year Ended December 31, 2015 2014 Balance at beginning of period $ 5,293 $ 1,823 Goodwill acquired — 3,470 Balance at end of period $ 5,293 $ 5,293

STOCKHOLDERS' EQUITY AND NET 25

STOCKHOLDERS' EQUITY AND NET LOSS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
Stock Option Activity Under Equity Incentive Plans	The following table summarizes the stock option activity under our equity incentive plans as of June 30, 2015 , and changes during the six months then ended: Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) Outstanding at January 1, 2015 1,735,962 $ 9.63 Granted 683,750 4.30 Exercised (91,642 ) 3.14 Forfeited, cancelled or expired (34,792 ) 8.19 Outstanding at June 30, 2015 2,293,278 $ 8.35 8.1 $ 183 Options exercisable at June 30, 2015 1,842,090 $ 9.30 7.7 $ 176

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Long-Term Debt Maturity	The following table provides the primary details of the notes on the date we issued them to Digipac (principal in thousands): Original Principal Amount Interest Rate in Year One Interest Rate Thereafter Conversion Price per Share Note issued in: January 2014 $ 3,500 6.67 % 8.67 % $ 5.03 November 2013 2,500 6.67 % 8.67 % 3.75

ORGANIZATION AND BUSINESS (Narr

ORGANIZATION AND BUSINESS (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015	Mar. 13, 2015	Dec. 31, 2014	Dec. 31, 2013
Description of Business [Line Items]
Accumulated deficit	$ (136,215,000)		$ (136,215,000)				$ (129,987,000)
Cash and cash equivalents	844,000	$ 2,340,000	844,000	$ 2,340,000			1,525,000	$ 1,261,000
Revenue	$ 821,000	$ 766,000	$ 1,624,000	$ 1,426,000
Common Stock
Description of Business [Line Items]
Common stock issuances (in shares)			1,100,000
Common stock issuances			$ 4,100,000
Ashford Capital Partners, L.P. | Convertible Promissory Notes | Convertible Notes Payable
Description of Business [Line Items]
Original Principal Amount					$ 300,000	$ 300,000	$ 3,000,000

INVESTMENT IN UNCONSOLIDATED 28

INVESTMENT IN UNCONSOLIDATED AFFILIATE (Narrative) (Details)	Jun. 30, 2015
Sharecare
Noncontrolling Interest [Line Items]
Ownership percentage in unconsolidated affiliate	5.20%

NOTE RECEIVABLE FROM BOMBO SP29

NOTE RECEIVABLE FROM BOMBO SPORTS & ENTERTAINMENT, LLC (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Feb. 11, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	$ 1,350,000	$ 1,350,000
Note Receivable | Bombo Sports & Entertainment, LLC
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable			$ 350,000	$ 1,000,000
Annual interest rate (as a percent)	5.00%
Written demand (in days)	10 days
Rate after written demand expires (as a percent)	12.00%

DERIVATIVE LIABILITY (Schedule

DERIVATIVE LIABILITY (Schedule of Assumptions Used in Calculating the Fair Value of Warrants) (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Annual dividend rate	0.00%	0.00%
Expected volatility	70.00%	90.00%
Risk-free interest rate	0.70%	0.95%
Expected remaining term (years)	2 years 1 month 28 days	2 years 7 months 28 days

DERIVATIVE LIABILITY (Narrative

DERIVATIVE LIABILITY (Narrative) (Details)	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Probability that a future financing event would be dilutive	95.00%

DERIVATIVE LIABILITY (Change in

DERIVATIVE LIABILITY (Change in Fair Value of Warrants Accounted for as Derivative Liabilities ) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Change in the Fair Value of Warrants
Balance at beginning of period	$ 512	$ 769
Decrease in fair value	(221)	(28)
Reduction due to exercise of warrants	0	(229)
Balance at end of period	$ 291	$ 512

PREPAID EXPENSES AND OTHER CU33

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Prepaid Expense and Other Current Assets
Prepaid expense	$ 223	$ 279
Inventory	526	273
Other current assets	99	155
Total	$ 848	$ 707

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total property, equipment and software	$ 2,871	$ 2,236
Less accumulated depreciation	(678)	(838)
Total property, equipment and software, net	$ 2,193	1,398
Computer equipment
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	3 years
Total property, equipment and software	$ 485	561
Software
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	3 years
Total property, equipment and software	$ 381	401
Software development in progress
Property, Plant and Equipment [Line Items]
Total property, equipment and software	2,005	1,186
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property, equipment and software	0	2
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property, equipment and software	$ 0	$ 86

GOODWILL AND OTHER INTANGIBLE35

GOODWILL AND OTHER INTANGIBLE ASSETS (Intangible Assets Rollforward) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Finite-lived intangible assets
Gross Amount	$ 7,875		$ 7,875
Accumulated Amortization	(1,851)		(1,457)
Net Amount	6,024		6,418
Indefinite-lived intangible assets
License to operate in China	100		100
Total intangible assets, Gross Amount	7,975		7,975
Total intangible assets, Net Amount	6,124		6,518
Amortization expense	400	$ 300
Domain names
Finite-lived intangible assets
Gross Amount	4,219		4,219
Accumulated Amortization	(1,223)		(1,026)
Net Amount	2,996		3,193
Customer relationships
Finite-lived intangible assets
Gross Amount	3,113		3,113
Accumulated Amortization	(461)		(323)
Net Amount	2,652		2,790
Acquired technology
Finite-lived intangible assets
Gross Amount	436		436
Accumulated Amortization	(102)		(58)
Net Amount	334		378
Other intangible assets
Finite-lived intangible assets
Gross Amount	107		107
Accumulated Amortization	(65)		(50)
Net Amount	$ 42		$ 57

GOODWILL AND OTHER INTANGIBLE36

GOODWILL AND OTHER INTANGIBLE ASSETS (Goodwill Rollforward) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Goodwill [Roll Forward]
Balance at beginning of period	$ 5,293	$ 1,823
Goodwill acquired	0	3,470
Balance at end of period	$ 5,293	$ 5,293

CAPITAL LEASES (Narrative) (Det

CAPITAL LEASES (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2010
Capital Leased Assets [Line Items]
Capital lease obligations	$ 82	$ 158
Banks.com
Capital Leased Assets [Line Items]
Sale-leaseback arrangement, cash exchange			$ 600
Term (in years)	5 years
Capital lease obligations	$ 100

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - Convertible Promissory Notes - Convertible Notes Payable - USD ($)	6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Mar. 13, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Annual interest rate (as a percent)	8.00%
Notice period (in days)	15 days
Conversion price per share (usd per share)	$ 5.50
Ashford Capital Partners, L.P.
Debt Instrument [Line Items]
Original Principal Amount		$ 300,000	$ 300,000	$ 3,000,000
Investor
Debt Instrument [Line Items]
Original Principal Amount				$ 100,000

STOCKHOLDERS' EQUITY AND NET 39

STOCKHOLDERS' EQUITY AND NET LOSS PER SHARE (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stockholders' Equity and Net Loss Per Share [Line Items]
Share-based compensation expense	$ 0.8	$ 2.7	$ 1.4	$ 5
Common Stock
Stockholders' Equity and Net Loss Per Share [Line Items]
Common stock issuances (in shares)			1,100,000
Common stock issuances			$ 4.1
Stock Options
Stockholders' Equity and Net Loss Per Share [Line Items]
Option exercises (in shares)			91,642
Option exercises			$ 0.3
Option award expiration period (in years)			10 years

STOCKHOLDERS' EQUITY AND NET 40

STOCKHOLDERS' EQUITY AND NET LOSS PER SHARE (Stock Options Activity) (Details) - Jun. 30, 2015 - Stock Options - USD ($) $ / shares in Units, $ in Thousands	Total
Shares
Outstanding at beginning of period	1,735,962
Granted	683,750
Exercised	(91,642)
Forfeited, cancelled or expired	(34,792)
Outstanding at end of period	2,293,278
Options exercisable at end of period	1,842,090
Weighted-Average Exercise Price (in dollars per share)
Outstanding at beginning of period	$ 9.63
Granted	4.30
Exercised	3.14
Forfeited, cancelled or expired	8.19
Outstanding at end of period	8.35
Options exercisable at end of period	$ 9.30
Weighted-Average Remaining Contractual Term (in years)
Outstanding at end of period	8 years 1 month 5 days
Options exercisable at end of period	7 years 8 months 28 days
Aggregate Intrinsic Value (in thousands)
Outstanding at end of period	$ 183
Options exercisable at end of period	$ 176

STOCKHOLDERS' EQUITY AND NET 41

STOCKHOLDERS' EQUITY AND NET LOSS PER SHARE (Net Loss Per Share) (Details) (Details) - Jun. 30, 2015 - $ / shares	Total
Convertible Debt Securities
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	2,158,315
Private Placement
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	215,278
Exercise price of warrants (in dollars per share)	$ 5.12
Hotelmobi, Inc. | Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	1,000,000
Warrant One | Hotelmobi, Inc.
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Exercise price of warrants (in dollars per share)	$ 8
Warrant Two | Hotelmobi, Inc.
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Exercise price of warrants (in dollars per share)	$ 12

RELATED PARTY TRANSACTIONS (Sch

RELATED PARTY TRANSACTIONS (Schedule of Long-Term Debt) (Details) - Jun. 30, 2015 - Convertible Notes Payable - Digipac, LLC - USD ($)	Total
January 2,014
Related Party Transaction [Line Items]
Original Principal Amount	$ 3,500,000
Interest Rate in Year One	6.67%
Interest Rate Thereafter	8.67%
Conversion Price per Share (usd per share)	$ 5.03
November 2,013
Related Party Transaction [Line Items]
Original Principal Amount	$ 2,500,000
Interest Rate in Year One	6.67%
Interest Rate Thereafter	8.67%
Conversion Price per Share (usd per share)	$ 3.75

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Sep. 11, 2014	Aug. 26, 2014
Related Party Transaction [Line Items]
Shares registered							1,420,497
Demand note payable to related party	$ 350,000		$ 350,000		$ 350,000
Digipac, LLC
Related Party Transaction [Line Items]
Percentage of common stock to conversion price	150.00%		150.00%
Term prior to debt conversion (in days)			15 days
Interest expense	$ 100,000	$ 100,000	$ 300,000	$ 200,000
Digipac, LLC | Demand Note
Related Party Transaction [Line Items]
Demand note payable to related party						$ 350,000
Interest rate in year one			5.25%
Written demand notice (in days)			10 days
Interest rate thereafter			8.25%
Digipac, LLC | January 2014
Related Party Transaction [Line Items]
Percentage of common stock to conversion price	99.00%		99.00%
Unamortized discount	$ 35,000		$ 35,000
Digipac, LLC | Minimum
Related Party Transaction [Line Items]
Trading days			30 days
Digipac, LLC | Maximum
Related Party Transaction [Line Items]
Trading days			40 days

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Jul. 28, 2015	Jul. 10, 2015	Jun. 30, 2015	Jun. 30, 2014
Subsequent Event [Line Items]
Proceeds from issuance of common stock, net			$ 4,459,000	$ 2,993,000
Stock Options
Subsequent Event [Line Items]
Stock options granted			683,750
Option award expiration period (in years)			10 years
Common Stock
Subsequent Event [Line Items]
Common stock issuances (in shares)			1,100,000
Subsequent Event | 2014 Incentive Plan | Executive Officers
Subsequent Event [Line Items]
Stock options granted	1,000,000
Stock options granted, exercise price (usd per share)	$ 4.29
Subsequent Event | 2014 Incentive Plan | Executive Officers | Stock Options
Subsequent Event [Line Items]
Option award expiration period (in years)	10 years
Subsequent Event | 2014 Incentive Plan | Executive Officers | Stock Options | Grant Date
Subsequent Event [Line Items]
Stock options granted, vesting percent	50.00%
Subsequent Event | 2014 Incentive Plan | Executive Officers | Stock Options | September 30, 2015
Subsequent Event [Line Items]
Stock options granted, vesting percent	25.00%
Subsequent Event | 2014 Incentive Plan | Executive Officers | Stock Options | December 31, 2015
Subsequent Event [Line Items]
Stock options granted, vesting percent	25.00%
Subsequent Event | Bombo Sports & Entertainment, LLC (BSE) | BSE, Litigation Settlement, Servicing Agreement, Service Hours
Subsequent Event [Line Items]
Litigation settlement, servicing agreement, term of agreement	2 years
Subsequent Event | Bombo Sports & Entertainment, LLC (BSE) | BSE, Litigation Settlement, Servicing Agreement, Service Projects
Subsequent Event [Line Items]
Litigation settlement, servicing agreement, term of agreement	2 years
Subsequent Event | Bombo Sports & Entertainment, LLC (BSE) | BSE, Litigation Settlement, Servicing Agreement, Film Library Rights
Subsequent Event [Line Items]
Litigation settlement, servicing agreement, term of agreement	5 years
Litigation settlement, servicing agreement, net profit threshold	$ 500,000
Subsequent Event | Bombo Sports & Entertainment, LLC (BSE) | BSE, Litigation Settlement, Servicing Agreement, Bargain Purchase Rights
Subsequent Event [Line Items]
Litigation settlement, servicing agreement, term of agreement	5 years
Litigation settlement, servicing agreement, net profit threshold	$ 500,000
Litigation settlement, servicing agreement, ownership percentage rights, option one	10.00%
Litigation settlement, servicing agreement, payments to acquire ownership percentage rights, option one	$ 1.50
Litigation settlement, servicing agreement, ownership percentage rights, option two	20.00%
Litigation settlement, servicing agreement, ownership percentage rights, option two	$ 5
Litigation settlement, servicing agreement, marketing services, term	10 years
Litigation settlement, servicing agreement, net profit threshold, percent retained	50.00%
Litigation settlement, servicing agreement, net profit after threshold, percent retained	25.00%
Litigation settlement, servicing agreement, marketing services, annual proceeds	$ 100,000
Subsequent Event | Registered Direct Offering | Common Stock
Subsequent Event [Line Items]
Common stock issuances (in shares)		339,000
Proceeds from issuance of common stock, net		$ 1,300,000