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Subsequent events | 6 Months Ended
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Jun. 30, 2017
Subsequent Events [Abstract] |
Subsequent events | 13. Subsequent events On July 22, 2017, the Company entered in a settlement agreement with TransUnion and TRADS, settling all litigation, as discussed above in Note 12, “Commitments and contingencies.” IDI Holdings will pay $7,000 to TRADS over the course of one year to settle all matters. The terms of the settlement agreement are confidential. The Company determined that an accrual of $7,000, included in general and administrative expenses, was required as of the balance sheet date, June 30, 2017. For a description of the legal proceedings settled in the TRADS Litigation Settlement, see Part I, Item 3 of the Company’s 2016 Form 10-K and Part II, Item 1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2017. On August 8, 2017, the Michael Brauser Employment Agreement was terminated, effective June 23, 2017. Mr. Brauser will continue to serve as Chairman of the Board of Directors of the Company but will no longer serve as an officer or employee of the Company, and will no longer serve as principal executive officer of the Company. On August 8, 2017, the Board of Directors of the Company designated Derek Dubner, our Chief Executive Officer, as the principal executive officer of the Company.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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