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Variable Interest Entities | 12 Months Ended
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Dec. 31, 2015
Variable Interest Entities [Abstract] |
Variable Interest Entities | Note 11—Variable Interest Entities In 2011, an employee of IDT incorporated Citizens Choice Energy, LLC (“CCE”), which is a REP that resells electricity and natural gas to residential and small business customers in the State of New York. In addition, DAD Sales, LLC (“DAD”) used its network of door-to-door sales agents to obtain customers for CCE. In December 2012, DAD ceased to acquire customers for CCE. The Company provided CCE and DAD with substantially all of the cash required to fund their operations. The Company determined that since the acquisition of the interest in CCE and DAD, it had the power to direct the activities of these entities that most significantly impact their economic performance and it has the obligation to absorb losses of CCE and DAD that could potentially be significant to CCE and DAD on a stand-alone basis. The Company therefore determined that it is the primary beneficiary of CCE and DAD, and as a result, the Company consolidates CCE and DAD within its GRE segment. The Company does not own any interest in CCE or DAD and thus the net income or loss incurred by CCE and DAD was attributed to noncontrolling interests in the accompanying consolidated statements of operations. In October 2015, GRE paid $0.2 million to the owner of the limited liability company interests in CCE, and loaned CCE $0.5 million in exchange for an option to purchase 100% of the issued and outstanding limited liability company interests of CCE for one dollar plus the forgiveness of the $0.5 million loan. The option expires on October 22, 2023. Net income (loss) amounts related to CCE and DAD and aggregate net funding repaid to (provided by) the Company to CCE and DAD in order to finance their operations were as follows:
|  | Year ended December 31,
(in thousands) |  | 2015 |  | 2014 |  | 2013
Net income (loss): |  |  |  |  |  |  |  |  |  |  |  |
CCE |  | $ | 201 |  |  | $ | 763 |  |  | $ | 2,080 |
DAD |  |  | (167 | ) |  |  | (104 | ) |  |  | (67 | )
Aggregate funding repaid to (provided by) the Company, net |  |  | 950 |  |  |  | (266 | ) |  |  | 4,126 |
Summarized consolidated balance sheet amounts related to CCE and DAD are as follows:
December 31 (in thousands) |  | 2015 |  | 2014
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 48 |  | $ | 33
Restricted cash |  |  | 25 |  |  | 20
Trade accounts receivable |  |  | 844 |  |  | 1,873
Prepaid expenses |  |  | 479 |  |  | 480
Other current assets |  |  | 51 |  |  | 178
Other assets |  |  | 468 |  |  | 459
TOTAL ASSETS |  | $ | 1,915 |  | $ | 3,043
LIABILITIES AND NONCONTROLLING INTERESTS |  |  |  |  |  |
Current liabilities |  | $ | 267 |  | $ | 479
Due to IDT Energy |  |  | 427 |  |  | 1,377
Noncontrolling interests |  |  | 1,221 |  |  | 1,187
TOTAL LIABILITIES AND NONCONTROLLING INTERESTS |  | $ | 1,915 |  | $ | 3,043
The assets of CCE and DAD may only be used to settle obligations of CCE and DAD, and may not be used for other consolidated entities. The liabilities of CCE and DAD are non-recourse to the general credit of the Company’s other consolidated entities.

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