Annual report pursuant to Section 13 and 15(d)

Deferred Revenue

Deferred Revenue
12 Months Ended
Dec. 31, 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 dormant online portal business.


No products or services were provided by the Company in 2017 or 2016. In July 2017, the Company wrote off the entire carrying amount of deferred revenue of approximately $227,000 based on 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.