Accounts Payable and Accrued Liabilities
|12 Months Ended|
Dec. 31, 2016
|Payables and Accruals [Abstract]|
|Accounts Payable and Accrued Liabilities||
Note 4 – Accounts Payable and Accrued Liabilities
As of December 31, 2016 and December 31, 2015, accounts payable and accrued liabilities consisted of the following:
In November 2014, the Company was named as defendant in a class action complaint (see John Blaha v. Rightscorp, Inc in Note 10). In August 2015 the Company reached a preliminary settlement in the matter and at December 31, 2015 and 2016, has accrued a settlement of $200,000 related to this, which is net of expected insurance proceeds of $250,000. The $200,000 settlement was paid on January 7, 2017, and the insurance company paid $250,000 on January 7, 2017 (see Note 11).
The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.
Reference 1: http://www.xbrl.org/2003/role/presentationRef