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NOTE 11 - GAIN ON SALE OF INVESTMENT
12 Months Ended
Dec. 31, 2012
Investment [Text Block]
NOTE 11 - GAIN ON SALE OF INVESTMENT

In September 2010, we sold 1,312,014 shares of common stock in VTEL Products Corporation (VTEL) to J. Merritt Belisle for $130 with $10 due immediately, $60 due September 30, 2011 and the remaining $60 due September 30, 2012. As of December 31, 2012, the remaining balance on this note receivable was $19.  In addition to the note receivable, Asure retains the right to receive 3% of net proceeds of the consideration received by VTEL or its shareholders in connection with a potential change of control.  If no such change of control happens within five years, Asure has the right, with written notice, to request VTEL to repurchase this right at fair market value. Asure has not placed a value on this right due to the uncertainty surrounding the future outcome.