Subsequent Events |
12 Months Ended |
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Dec. 31, 2015 | |
| Subsequent Events | |
| Subsequent Events |
21. Subsequent Events
The Company relies on a combination of patents, trade secrets and trademarks to protect certain of the proprietary aspects of its business and technology. After the date of these financial statements but before the date of this filing, the Company received a settlement resulting from an ongoing lawsuit with one of its competitors. Under the settlement agreement the Company received $10,050 as part of defending its intellectual property. The Company’s competitor has exhausted all appeals related to this matter and has paid the Company both awarded damages of $9,936 and accrued interest of $114.
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- References No definition available.
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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. No definition available.
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