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Note 17 - Other Income | 9 Months Ended
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Sep. 30, 2020
Notes to Financial Statements |
Other Income and Other Expense Disclosure [Text Block] | 17. Other income: On August 1, 2020, the Company entered into an Asset Purchase Agreement (the “Purchase Agreement”), by and between the Company and DISH Wireless L.L.C.(“DISH”). Under the Purchase Agreement and in accordance with the terms and conditions set forth therein, the Company sold to DISH its mobile customer accounts that are marketed and sold under the Ting brand (other than certain customer accounts associated with one network operator) (“Transferred Assets”). For a period of 10 years following the execution of the Purchase Agreement, DISH will pay a monthly fee to the Company generally equal to an amount of net revenue received by DISH in connection with the transferred customer accounts minus certain fees and expenses, as further set forth in the Purchase Agreement. During the three and nine months ended September 30, 2020, the Company earned $4.6 million under the Purchase Agreement. On August 1, 2020, the Company derecognized intangible assets and capitalized contract costs associated with the Transferred Assets in the amount of $3.5 million. As an accounting policy, the Company only records contingent consideration when the consideration is resolved. As such the Company will continue to record contingent consideration in Other income as the consideration is invoiced on a monthly basis over the 10-year period following the execution of the Purchase Agreement. The gain is presented net of the original cost base of the Transferred Assets:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Write-down of Ting Mobile intangible assets |  | $ | (2,581 | ) |  | $ | - |  |  | $ | (2,581 | ) |  | $ | - |
Write-down of Ting Mobile contract costs |  |  | (932 | ) |  |  | - |  |  |  | (932 | ) |  |  | - |
Income earned on sale of Transferred Assets |  |  | 4,603 |  |  |  | - |  |  |  | 4,603 |  |  |  | - |
Gain on sale of Ting Customer Assets |  | $ | 1,090 |  |  | $ | - |  |  | $ | 1,090 |  |  | $ | - |

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
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