2015 Q4 Form 10-Q Financial Statement

#000114420415066079 Filed on November 16, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q4
Revenue $0.00 $90.00K $10.00K
YoY Change -100.0% 8900.0% -95.0%
Cost Of Revenue $0.00 $5.000K $0.00
YoY Change -100.0%
Gross Profit $0.00 $85.00K $10.00K
YoY Change -100.0% 8400.0% -106.25%
Gross Profit Margin 94.44% 100.0%
Selling, General & Admin $530.0K $640.0K $900.0K
YoY Change -41.11% -54.64% -58.14%
% of Gross Profit 752.94% 9000.0%
Research & Development $0.00 $0.00 $40.00K
YoY Change -100.0% -100.0% -42.86%
% of Gross Profit 0.0% 400.0%
Depreciation & Amortization $60.00K -$140.0K -$150.0K
YoY Change -140.0% -173.68% -207.14%
% of Gross Profit -164.71% -1500.0%
Operating Expenses $530.0K $642.0K $930.0K
YoY Change -43.01% -35.86% -58.11%
Operating Profit -$530.0K -$557.0K -$920.0K
YoY Change -42.39% -44.3% -61.34%
Interest Expense $10.00K $10.00K -$10.00K
YoY Change -200.0% 0.0%
% of Operating Profit
Other Income/Expense, Net -$300.0K -$392.0K $0.00
YoY Change -19700.0%
Pretax Income -$1.300M -$949.0K -$1.070M
YoY Change 21.5% -4.91% -55.23%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.340M -$1.321M -$1.440M
YoY Change -6.94% -4.34% -29.06%
Net Earnings / Revenue -1467.78% -14400.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$79.57K -$93.48K -$137.8K
COMMON SHARES
Basic Shares Outstanding 17.20M shares 14.16M shares 10.54M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $800.0K $1.500M $1.500M
YoY Change -46.67% -31.82% -67.39%
Cash & Equivalents $400.0K $428.0K $648.0K
Short-Term Investments $400.0K $1.000M
Other Short-Term Assets $100.0K $0.00 $200.0K
YoY Change -50.0% -100.0% 100.0%
Inventory
Prepaid Expenses
Receivables $0.00 $12.00K $5.000K
Other Receivables $1.600M $1.900M $0.00
Total Short-Term Assets $2.400M $3.405M $1.632M
YoY Change 47.06% 42.65% -66.12%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $5.000K $11.00K
YoY Change -100.0% -89.58% -75.56%
Goodwill $1.496M $1.496M
YoY Change -76.78% -76.78%
Intangibles $1.259M $1.608M
YoY Change -53.98% -33.64%
Long-Term Investments $1.400M $1.400M
YoY Change
Other Assets $0.00 $0.00 $2.000K
YoY Change -100.0% -100.0% -50.0%
Total Long-Term Assets $3.700M $4.179M $9.044M
YoY Change -59.09% -55.4% -0.13%
TOTAL ASSETS
Total Short-Term Assets $2.400M $3.405M $1.632M
Total Long-Term Assets $3.700M $4.179M $9.044M
Total Assets $6.100M $7.584M $10.68M
YoY Change -42.86% -35.49% -23.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K $249.0K $199.0K
YoY Change -49.75% 19.14% -12.72%
Accrued Expenses $0.00 $189.0K $180.0K
YoY Change -100.0% 42.11% 91.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $100.0K $575.0K $1.379M
YoY Change -92.75% -53.63% 40.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $100.0K $575.0K $1.379M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $100.0K $575.0K $1.379M
YoY Change -92.75% -53.63% 40.0%
SHAREHOLDERS EQUITY
Retained Earnings -$302.6M -$299.2M
YoY Change 1.64% 1.81%
Common Stock $310.3M $308.3M
YoY Change 0.75% 1.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.000M $6.766M $8.855M
YoY Change
Total Liabilities & Shareholders Equity $6.100M $7.584M $10.68M
YoY Change -42.86% -35.49% -23.04%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income -$1.340M -$1.321M -$1.440M
YoY Change -6.94% -4.34% -29.06%
Depreciation, Depletion And Amortization $60.00K -$140.0K -$150.0K
YoY Change -140.0% -173.68% -207.14%
Cash From Operating Activities -$740.0K $170.0K $550.0K
YoY Change -234.55% -114.53% -144.0%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K $30.00K
YoY Change -233.33% -400.0%
Acquisitions
YoY Change
Other Investing Activities $70.00K -$30.00K $60.00K
YoY Change 16.67% 200.0% 500.0%
Cash From Investing Activities $30.00K -$30.00K $90.00K
YoY Change -66.67% 200.0% 800.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 650.0K 0.000 -1.940M
YoY Change -133.51% -100.0% -330.95%
NET CHANGE
Cash From Operating Activities -740.0K 170.0K 550.0K
Cash From Investing Activities 30.00K -30.00K 90.00K
Cash From Financing Activities 650.0K 0.000 -1.940M
Net Change In Cash -60.00K 140.0K -1.300M
YoY Change -95.38% -166.67% 225.0%
FREE CASH FLOW
Cash From Operating Activities -$740.0K $170.0K $550.0K
Capital Expenditures -$40.00K $30.00K
Free Cash Flow -$700.0K $520.0K
YoY Change -234.62% -141.94%

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us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><u><font style="FONT-SIZE: 10pt">Use of estimates and assumptions and critical accounting estimates and assumptions &#160;</font></u></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 37.8pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date(s) of the financial statements and the reported amounts of revenues and expenses during the reporting period(s).</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 37.8pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 37.8pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Critical accounting estimates are estimates for which (a) the nature of the estimate is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance is material. The Company&#8217;s critical accounting estimates and assumptions affecting the financial statements were &#8220;Carrying Value of the Long&#150;lived Assets,&#8221; &#8220;Valuation Allowance for Deferred Tax Assets,&#8221; &#8220;Valuation of Equity Instruments &#8221; and &#8220;Valuation of Investments.&#8221;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 37.8pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 37.8pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 37.8pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
35000 USD
us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
0 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-66000 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-1258000 USD
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 USD
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-94000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-66000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-1352000 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
MGT CAPITAL INVESTMENTS INC
dei Entity Central Index Key
EntityCentralIndexKey
0001001601
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
MGT
CY2015Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
17199665 shares
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1608000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-179000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
807000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
0 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
30000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Current
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent
0 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Current
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent
32000 USD
CY2014Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
6626000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
0 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
46000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
0 USD
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
40000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
642000 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
1001000 USD
CY2015Q3 mgt Interest And Other Non Operating Income Expense
InterestAndOtherNonOperatingIncomeExpense
8000 USD
CY2014Q3 mgt Interest And Other Non Operating Income Expense
InterestAndOtherNonOperatingIncomeExpense
2000 USD
CY2015Q3 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
256000 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
942000 USD
CY2015Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
176000 USD
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
297000 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
640000 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
615000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
39000 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-949000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-998000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
988000 USD
CY2014Q3 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2015Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-144000 USD
CY2014Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-392000 USD
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
168000 USD
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
225000 USD
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
384000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
137000 USD
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
129000 USD
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
415000 USD
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
231000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
366000 USD
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
572000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
1202000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
1415000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-229000 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-443000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-787000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1184000 USD
mgt Description Of Asset Purchase Agreement
DescriptionOfAssetPurchaseAgreement
In exchange for the DraftDay Business, Viggle paid MGT Sports the following: (a) 1,269,342 shares of Viggles common stock, par value $0.001 per share, (b) a promissory note in the amount of $234 due September 29, 2015 (the September 2015 Note), (c) a promissory note in the amount of $1,875 due March 8, 2016 (the March 2016 Note), and (d) 2,550,000 shares of common stock of DDGG.
CY2014Q4 us-gaap Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
0 USD
CY2014 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
0 USD
CY2014 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
CY2015Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.40
CY2015Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
5526000 USD
us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
458 shares
us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
432 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
141000 USD
mgt Transfers From Noncontrolling Interest
TransfersFromNoncontrollingInterest
-96000 USD
mgt Transfers From Noncontrolling Interest
TransfersFromNoncontrollingInterest
0 USD
CY2015Q3 mgt Decrease In Operating Costs
DecreaseInOperatingCosts
125000 USD
mgt Goodwill Disposal During Period
GoodwillDisposalDuringPeriod
0 USD
CY2015Q3 us-gaap License And Services Revenue
LicenseAndServicesRevenue
90000 USD
CY2014Q3 us-gaap License And Services Revenue
LicenseAndServicesRevenue
1000 USD
CY2015Q3 mgt Sales Revenue Gaming Gross
SalesRevenueGamingGross
0 USD
CY2014Q3 mgt Sales Revenue Gaming Gross
SalesRevenueGamingGross
0 USD
CY2015Q3 us-gaap Other Cost Of Services
OtherCostOfServices
5000 USD
CY2014Q3 us-gaap Other Cost Of Services
OtherCostOfServices
0 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
642000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-949000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-1008000 USD
CY2015Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-229000 USD
CY2014Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-443000 USD
CY2015Q3 mgt Discontinued Operations Gain Loss On Termination Of Asset Purchase Agreement
DiscontinuedOperationsGainLossOnTerminationOfAssetPurchaseAgreement
250000 USD
CY2014Q3 mgt Discontinued Operations Gain Loss On Termination Of Asset Purchase Agreement
DiscontinuedOperationsGainLossOnTerminationOfAssetPurchaseAgreement
0 USD
CY2015Q3 mgt Discontinued Operations Gain Loss On Sale Of Assets
DiscontinuedOperationsGainLossOnSaleOfAssets
-387000 USD
CY2014Q3 mgt Discontinued Operations Gain Loss On Sale Of Assets
DiscontinuedOperationsGainLossOnSaleOfAssets
0 USD
CY2015Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-366000 USD
CY2014Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-443000 USD
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
961000 USD
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
-1315000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
-1451000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6000 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-70000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-1321000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-1381000 USD
CY2015Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-609000 USD
CY2014Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1930000 USD
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1381000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.07
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.10
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.03
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.05
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.15
us-gaap License And Services Revenue
LicenseAndServicesRevenue
102000 USD
us-gaap License And Services Revenue
LicenseAndServicesRevenue
81000 USD
mgt Sales Revenue Gaming Gross
SalesRevenueGamingGross
2000 USD
mgt Sales Revenue Gaming Gross
SalesRevenueGamingGross
7000 USD
us-gaap Other Cost Of Services
OtherCostOfServices
5000 USD
us-gaap Other Cost Of Services
OtherCostOfServices
0 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2293000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3026000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
153000 USD
us-gaap Operating Expenses
OperatingExpenses
2293000 USD
us-gaap Operating Expenses
OperatingExpenses
3179000 USD
mgt Interest And Other Non Operating Income Expense
InterestAndOtherNonOperatingIncomeExpense
-28000 USD
mgt Interest And Other Non Operating Income Expense
InterestAndOtherNonOperatingIncomeExpense
7000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
256000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-428000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2622000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3084000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-787000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-1184000 USD
mgt Discontinued Operations Gain Loss On Termination Of Asset Purchase Agreement
DiscontinuedOperationsGainLossOnTerminationOfAssetPurchaseAgreement
250000 USD
mgt Discontinued Operations Gain Loss On Termination Of Asset Purchase Agreement
DiscontinuedOperationsGainLossOnTerminationOfAssetPurchaseAgreement
0 USD
mgt Discontinued Operations Gain Loss On Sale Of Assets
DiscontinuedOperationsGainLossOnSaleOfAssets
-387000 USD
mgt Discontinued Operations Gain Loss On Sale Of Assets
DiscontinuedOperationsGainLossOnSaleOfAssets
0 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-924000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-1184000 USD
us-gaap Profit Loss
ProfitLoss
-3546000 USD
us-gaap Profit Loss
ProfitLoss
-4267000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-103000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-373000 USD
us-gaap Net Income Loss
NetIncomeLoss
-3443000 USD
us-gaap Net Income Loss
NetIncomeLoss
-3894000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-609000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4052000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3894000 USD
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.20
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.30
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.07
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.13
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.27
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.43
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12911492 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9175695 shares
CY2015Q3 mgt Description Of Terminated Asset Purchase Agreement
DescriptionOfTerminatedAssetPurchaseAgreement
The RO Agreement provided for the sale of the DraftDay Business to RO for a purchase price of $4,000 plus stock and warrants of RO.
CY2015Q3 mgt Description Of Asset Purchase Agreement
DescriptionOfAssetPurchaseAgreement
In exchange for the DraftDay Business, Viggle paid MGT Sports the following: (a) 1,269,342 shares of Viggles common stock, par value $0.001 per share, (b) a promissory note in the amount of $234 due September 29, 2015 (the September 2015 Note), (c) a promissory note in the amount of $1,875 due March 8, 2016 (the March 2016 Note), and (d) 2,550,000 shares of common stock of DDGG. In addition, in exchange for providing certain transitional services, DDGG issued to MGT Sports a warrant to purchase 1,500,000 shares of DDGG common stock at an exercise price of $0.40 per share. Following consummation of the transactions of the Asset Purchase Agreement, including certain agreements between Viggle and third parties, MGT Sports owns 2,550,000 shares of DDGG common stock, Viggle owns 11,250,000 shares of DDGG common stock, and Sportech, Inc. own 9,000,000 shares of DDGG common stock.
CY2015Q3 us-gaap Long Term Investments
LongTermInvestments
1380000 USD
CY2014Q4 us-gaap Long Term Investments
LongTermInvestments
0 USD
CY2015Q3 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
80166 shares
CY2015Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
26000 USD

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