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Sale of I/O Technology | 12 Months Ended
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Dec. 31, 2015
Sale of I/O Technology |
Sale of I/O Technology | Note 4: Sale of I/O Technology In March 2012, the Company entered into an asset purchase agreement for an exclusive license of a portion of its intellectual property pertaining to its high-speed serial I/O technology for approximately $4.3 million. As part of the agreement, the Company provided certain technology transfer support services, and 15 employees of the Company's India subsidiary accepted employment with the purchaser. Consistent with the previous payments received, the approximately $2.2 million, net of transaction costs, in cash upon execution of the agreement. The The final payment of $0.6 million which was received in March 2013, was recorded as a gain on sale of assets and reduction of operating expenses in the consolidated statements of operations and comprehensive loss.

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