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Note 17 - Other Income | 9 Months Ended
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Sep. 30, 2021
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 “DISH Purchase Agreement”), by and between the Company and DISH Wireless L.L.C.(“DISH”). Under the DISH 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”) and derecognized intangible assets and capitalized contract costs associated with the Transferred Assets in the amount of $3.5 million. For a period of 10 years following the execution of the DISH 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 DISH Purchase Agreement. The gain is presented net of the original cost base of the Transferred Assets. The Company earned $5.6 million and $15.8 million under the DISH Purchase Agreement during the three and nine months ended September 30, 2021, respectively. The Company earned $4.6 million under the DISH Purchase Agreement during the three and nine months ended September 30, 2020.
(Dollar amounts in thousands of U.S. dollars) |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
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 |  | $ | 5,564 |  |  | $ | 4,603 |  |  | $ | 15,767 |  |  | $ | 4,603 |
Gain on sale of Ting Customer Assets |  | $ | 5,564 |  |  | $ | 1,090 |  |  | $ | 15,767 |  |  | $ | 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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