Quarterly report pursuant to Section 13 or 15(d)

Deferred Revenue

Deferred Revenue
9 Months Ended
Sep. 30, 2017
Revenue Recognition and Deferred Revenue [Abstract]  
Deferred Revenue



Deferred revenue represented the conversion of a promissory note issued to a third party by the Company’s former parent, which was assumed by the Company in 201l, for future products and services of the Company’s online portal business segment.


In the third quarter of 2017, the Company wrote off the entire carrying amount of deferred revenue in accordance with an agreement with the third party whereby the Company was released from all of its obligations to the third party and any actions or demands related thereto.