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Note 3: Restructuring Activities
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3 Months Ended |
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Dec. 31, 2012
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| Restructuring and Related Activities [Abstract] | |
| Note 3: Restructuring Activities |
In May 2011, the Company ceased its Direct Sales business due to operating losses, declining revenues, and a change in strategic direction and migrated the remaining customers to Reach Local in exchange for 10% and 5% percent of gross revenues derived from such customers during the first and second year, respectively. The Company recorded $282 and $3,364 in revenues for this agreement during the three months ended December 31, 2012 and 2011, respectively. In connection with the discontinued Direct Sales business, seven employees were terminated. See Note 4.
No expenses were incurred by the Company in connection with restructuring activities during the three months ended December 31, 2012 and 2011.
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