View Filing Data

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2016	Nov. 09, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Entity Registrant Name	FORM Holdings Corp.
Entity Central Index Key	0001410428
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	FH
Entity Common Stock, Shares Outstanding		15,804,881

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 21,679	$ 24,951
Deposits with courts	0	1,930
Accounts receivable, net	1,833	246
Inventory	408	379
Other current assets	342	698
Investment in XpresSpa	1,734	0
Total current assets	25,996	28,204
Intangible assets, net	3,315	16,476
Goodwill	4,863	4,863
Other assets	1,143	916
Total assets	35,317	50,459
Current liabilities
Accounts payable, accrued expenses and other current liabilities	7,421	5,855
Deferred revenue	453	175
Senior secured notes	0	3,111
Total current liabilities	7,874	9,141
Long-term liabilities
Derivative warrant liabilities	601	416
Other liabilities	119	386
Total liabilities	8,594	9,943
Commitments and contingencies (see Note 14)
Stockholders’ equity
Common stock, $0.01 par value per share 150,000,000 shares authorized; 15,799,881 and 13,220,050 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	158	132
Additional paid-in capital	243,450	237,246
Accumulated deficit	(216,885)	(196,862)
Total stockholders’ equity	26,723	40,516
Total liabilities and stockholders’ equity	35,317	50,459
Series A convertible preferred stock [Member]
Stockholders’ equity
Preferred stock	0	0
Series B Convertible Preferred Stock [Member]
Stockholders’ equity
Preferred stock	0	0
Series C Junior Preferred Stock [Member]
Stockholders’ equity
Preferred stock	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	150,000,000	150,000,000
Common stock, issued	15,799,881	13,220,050
Common stock, outstanding	15,799,881	13,220,050
Series A convertible preferred stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	500,000	500,000
Preferred stock, issued	6,968	6,968
Preferred stock, outstanding	0	0
Series B Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	5,000,000	5,000,000
Preferred stock, issued	1,666,667	1,666,667
Preferred stock, outstanding	0	0
Series C Junior Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	300,000	300,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Revenue

Licensing revenue

$ 1,350

$ 0

$ 11,025

$ 150

Product revenue

1,755

5,486

Total revenue

3,105

16,511

150

Costs and expenses*

Cost of goods sold

1,560

4,866

Operating legal costs

^[1]

894

6,776

2,469

15,341

Inventor royalties

270

3,658

Amortization and impairment of intangible assets

203

819

13,404

2,436

General and administrative

^[1]

3,955

2,095

10,212

7,391

Total operating expenses

^[1]

6,882

9,690

34,609

25,168

Operating loss

(3,777)

(9,690)

(18,098)

(25,018)

Gain (loss) on revaluation of warrants and conversion feature

(272)

716

1,411

Interest expense

(949)

(1,708)

(1,697)

(2,173)

Extinguishment of debt

(262)

(1,044)

(472)

(1,254)

Non-operating income (expense), net

(1)

(145)

147

(322)

Net loss

$ (5,261)

$ (11,871)

$ (20,023)

$ (27,356)

Loss per share:

Basic net loss per share (in dollars per share)

$ (0.34)

$ (1.16)

$ (1.35)

$ (2.82)

Diluted net loss per share (in dollars per share)

$ (0.34)

$ (1.16)

$ (1.35)

$ (2.82)

Weighted-average number of shares outstanding during the period:

Basic (in shares)

15,473,895

10,246,624

14,880,925

9,688,744

Diluted (in shares)

15,473,895

10,246,624

14,880,925

9,688,744

* Includes stock-based compensation expense, as follows:

Stock Based Compensation Expense

$ 485

$ 1,066

$ 1,447

$ 4,191

Operating legal costs [Member]

* Includes stock-based compensation expense, as follows:

Stock Based Compensation Expense

130

191

631

General and Administrative [Member]

* Includes stock-based compensation expense, as follows:

Stock Based Compensation Expense

$ 426

$ 936

$ 1,256

$ 3,560

[1]	[1] Includes stock-based compensation expense, as follows: Operating legal costs General and administrative

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance at Dec. 31, 2014	$ 31,180	$ 93	$ 216,792	$ (185,705)
Reclassification of derivative Reload Warrants and Series 1 Warrants to equity warrants	175	0	175	0
Issuance of common stock for repayment of convertible debt and related interest	8,512	17	8,495
Stock-based compensation	4,191	0	4,191	0
Net loss for the period	(27,356)	0	0	(27,356)
Balance at Sep. 30, 2015	16,702	110	229,653	(213,061)
Balance at Dec. 31, 2015	40,516	132	237,246	(196,862)
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	1	(1)	0
Reclassification of derivative Reload Warrants and Series 1 Warrants to equity warrants	0
Issuance of common stock for repayment of convertible debt and related interest	3,049	18	3,031	0
Stock Issued During Period, Value, Other	1,734	7	1,727	0
Stock-based compensation	1,447	0	1,447	0
Net loss for the period	(20,023)	0	0	(20,023)
Balance at Sep. 30, 2016	$ 26,723	$ 158	$ 243,450	$ (216,885)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net loss	$ (20,023)	$ (27,356)
Items not affecting cash flows
Depreciation and amortization	1,467	2,657
Impairment of intangible assets	11,937	0
Amortization of debt discount and debt issuance costs	1,871	1,839
Stock-based compensation	1,447	4,191
Amendment to warrants as part of debt modification	(281)	0
Issuance of shares for extinguishment of debt	356	1,409
Issuance of shares	53	0
Change in fair value of warrants and conversion feature	185	(1,411)
Exchange rate loss (gain)	(76)	361
Changes in operating assets and liabilities
Increase in accounts receivable	(1,587)	0
Increase in inventory	(29)	0
Decrease (increase) in other current assets and other assets	129	(466)
Increase in accounts payable, accrued expenses and other current liabilities	1,571	5,223
Increase in deferred revenue	278	0
Decrease in other liabilities	(267)	0
Net cash used in operating activities	(2,969)	(13,553)
Cash flows from investing activities
Acquisition of property, equipment and technology	(243)	0
Decrease (increase) in deposits	2,001	(272)
Increase in investments	(1,734)	0
Net cash provided by (used in) investing activities	24	(272)
Cash flows from financing activities
Proceeds from commitments to issue common stock under subscription agreement	1,734	0
Net proceeds from senior secured notes and warrants	0	12,425
Repayment of debt	(2,011)	0
Debt issuance costs	(50)	(218)
Net cash provided by (used in) financing activities	(327)	12,207
Effect of exchange rate changes on cash and cash equivalents	0	(3)
Decrease in cash and cash equivalents	(3,272)	(1,621)
Cash and cash equivalents at beginning of period	24,951	16,023
Cash and cash equivalents at end of period	21,679	14,402
Cash paid during the period for
Interest	40	0
Non-cash investing and financing transactions
Change in classification of derivative warrants to equity warrants	0	175
Issuance of common stock to repay debt and interest	2,996	8,512
Debt discount	$ 0	$ 2,961

General

9 Months Ended

Sep. 30, 2016

General [Abstract]

General

Note 1. General

Overview

On May 6, 2016, Vringo, Inc. changed its name to FORM Holdings Corp. (“FORM” or the “Company”) and concurrently announced its repositioning as a holding company of small and middle market growth companies. The Company’s focus is on acquiring and building companies that would benefit from:

•

additional capital;

•

exposure to visibility from the public markets;

•

talent recruiting;

•

rebranding; and

•

implementation of best practices.

The Company’s management team is committed to execute on its strategy. The Company is industry agnostic, but limits the scope of its pipeline by looking only at companies with a clear path to grow in excess of $100,000 in revenue.

The Company’s common stock, par value $0.01 per share, which was previously listed on the NASDAQ Capital Market under the trading symbol “VRNG,” has been listed under the trading symbol “FH” since May 9, 2016.

The Company currently has three operating segments:

•

Group Mobile

•

FLI Charge

•

Intellectual property

Group Mobile is a growing premier supplier of innovative and full-service mobile technology solutions, including rugged computers, tablets, mobile devices, accessories, a full suite of professional services and other related products geared toward emergency first responders, municipalities and corporations. In addition, Group Mobile specializes in high-quality customer service and support for those products.

FLI Charge owns a patented conductive wireless charging technology and focuses on the development and commercialization of its technology through the direct-to-consumer sale of conductive charging pads, phone cases, charging adaptors and other enablements, as well as partnerships and licensing agreements in various industries. FLI Charge is currently working with partners to implement FLI Charge technology in various fields such as furniture and automotive. FLI Charge’s business model is based on manufacturing and commercializing its own conductive charging pads, phone cases, charging adaptors and other enablements as well as licensing its technology in exchange for recurring licensing revenue.

The intellectual property operating segment is focused on the innovation, development and monetization of intellectual property. The Company’s portfolio consists of over 600 patents and patent applications covering a range of technologies including telecom infrastructure, mobile devices, remote monitoring and ad-insertion.

Prior to December 31, 2013, the Company operated a global platform for the distribution of mobile social applications and services. On February 18, 2014, the Company sold its mobile social application business to InfoMedia Services Limited (“InfoMedia”), receiving an 8.25% ownership interest in InfoMedia as consideration and a seat on the board of directors of InfoMedia. As part of the transaction, the Company has the opportunity to license certain intellectual property assets and work with InfoMedia to identify and protect new intellectual property.

On August 8, 2016, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with FHXMS, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (the “Merger Sub”), XpresSpa Holdings, LLC, a Delaware limited liability company (“XpresSpa”), the unitholders of XpresSpa who are parties thereto (the “Unitholders”) and Mistral XH Representative, LLC, as representative of the Unitholders (the “Representative”), pursuant to which the Merger Sub will merge with and into XpresSpa, with XpresSpa being the surviving entity and a wholly-owned subsidiary of the Company (the “Surviving Entity”) and the Unitholders becoming stockholders of FORM (the “Merger”). The Company is holding its annual meeting of stockholders on November 28, 2016 to approve, among other things, the Merger and the issuance of shares of FORM Common Stock, FORM Preferred Stock and warrants to the Unitholders in connection with the Merger. Assuming stockholder approval is received, the Company expects to complete the Merger shortly after the stockholders vote.

Each of the Company’s operating segments are described below.

Group Mobile

Group Mobile is a growing and innovative full, end-to-end solution provider for project lifecycle services including system integration, hardware service support, pre- and post-deployment and customer support helpdesk. Group Mobile provides total hardware solutions, including rugged laptops, tablets and handheld computers. Group Mobile also markets rugged mobile printers, vehicle computer docking and mounting gear, power accessories, wireless communication products, antennas, carrying cases, and other peripherals, accessories and add-ons needed to maximize productivity in a mobile- or field-computing environment.

Group Mobile operates a full-service e-commerce website with live chat, up-to-date product information and computer system configuration capabilities. Group Mobile’s goal is to ensure that its customers purchase the best products and services for their specific requirements.

Group Mobile purchases rugged mobile computing equipment and complementary products from its primary distribution and manufacturing partners and sells them to enterprises, resellers, and retail customers. Group Mobile’s primary customers range from corporations to local governments, emergency first responders and healthcare organizations. Group Mobile believes that its business is characterized by gross profits as a percentage of revenue slightly higher than is commonly found in resellers of computing devices. The market for rugged mobile computing products is trending towards an increase in the volume of unit sales combined with declining unit prices as the business transitions from primarily being comprised of laptops to one primarily comprised of rugged tablets. As this transition has occurred, Group Mobile is seeing shortened product life cycles and industry specific devices for segments such as healthcare. Group Mobile sets sale prices based on the market supply and demand characteristics for each particular product. Group Mobile is highly dependent on the end-market demand for rugged mobile computing products, which is influenced by many factors, including the introduction of new IT products by OEM, replacement cycles for existing rugged mobile computing products, overall economic growth, local and state budgets, and general business activity.

Product costs represent Group Mobile’s single largest expense and product inventory is one of the largest working capital investments for Group Mobile. Group Mobile’s primary suppliers include Synnex Corporation, Ingram Micro Inc., and Xplore Technologies Corporation, which, combined, represent approximately 80% of Group Mobile’s inventory purchases. Group Mobile has reseller agreements with most of its OEM and distribution partners. These agreements usually provide for nonexclusive resale and distribution rights. The agreements are generally short-term, subject to periodic renewal, and often contain provisions permitting termination by either Group Mobile or the supplier without cause upon relatively short notice. Furthermore, product procurement from the OEM suppliers is a highly complex process and, as such, efficient and effective purchasing operations are critical to Group Mobile’s success.

FLI Charge

FLI Charge is a wireless power company dedicated to simplifying the way people power and charge the multitude of mobile electronic devices they use on a daily basis. By eliminating the need to search and compete for outlets and charging cables, FLI Charge is improving the powering and charging experience for all currently existing battery and DC powered devices.

FLI Charge designs, develops, licenses, manufactures and markets wireless conductive power and charging solutions. FLI Charge is currently working with partners in several verticals to bring products to market. These verticals include education, office, hospitality, automotive and consumer electronics among others. To date, FLI Charge has not yet generated any substantial revenue from its product sales. The Company believes that FLI Charge’s patented technology is the only wireless power solution that is fully interoperable between different mobile devices ranging from smartphones to power tools, and many more. FLI Charge’s wireless power solution can simultaneously power multiple devices on the same pad no matter their power requirements or positions on the pad.

FLI Charge’s product line consists of power pads or surfaces as well as devices that are connected to or embedded with FLI Charge enabling technology. FLI Charge pads and surfaces are connected to a power source or battery. The surface of the pad has conductive contact strips that provide power and are constantly monitored by control circuitry that immediately halts power transfer if an unapproved load or short-circuit condition is detected. FLI Charge-enabled devices are embedded with the FLI Charge contact enablement that consists of four contact points, known as the “constellation.” The constellation is designed to make an immediate and continuous electrical connection with the contact strips regardless of the device’s orientation on the pad. The enablement monitors the power coming from the pad and ensures that the correct amount of power goes to the device. Once an approved FLI Charge device is placed on a pad, power is transferred immediately to charge or power the device.

FLI Charge launched its consumer product line on Indiegogo, a crowdfunding platform, on June 15, 2016; the campaign was completed on August 15, 2016. The Company accounts for funds raised from crowdfunding campaigns and presales, which were approximately $224, as deferred revenue on the condensed consolidated balance sheets. FLI Charge expects to deliver products to the participants in the fourth quarter of 2016.

Intellectual Property

The Company is currently focused on monetizing its technology portfolio through a variety of value enhancing initiatives including, but not limited to, licensing, litigation and strategic partnerships.

Recent Developments

XpresSpa

On August 8, 2016, the Company entered into the Merger Agreement with the Merger Sub, XpresSpa, the Unitholders and the Representative, pursuant to which the Merger Sub will merge with and into XpresSpa, with XpresSpa being the surviving entity and the Surviving Entity and the Unitholders becoming stockholders of FORM.

XpresSpa is a leading airport retailer of spa services and related products. It is a well-recognized and popular airport spa brand with nearly three times the number of U.S. locations as its closest competitor. It provides nearly 900,000 services per year. As of October 18, 2016, XpresSpa operated 51 total locations in 44 terminals and 21 airports in three countries. XpresSpa also sells wellness and travel products through its internet site, www.xpresspa.com. Services and products include:

•

massage services for the neck, back, feet and whole body;

•

nail care, such as pedicures, manicures and polish changes;

•

beauty care services such as waxing and facials;

•

hair care, such as haircuts and blow outs;

•

wellness products such as massagers, lotions and aromatherapy aids; and

•

travel products such as neck pillows, blankets, massage tools, travel kits and eye masks.

Upon completion of the Merger, (i) the then-outstanding common units of XpresSpa (other than those held by the Company, which will be cancelled without any consideration) and (ii) the then-outstanding preferred units of XpresSpa (other than those held by the Company, which will be cancelled without any consideration) will be automatically converted into the right to receive an aggregate of:

(a)

2,500,000 shares of FORM common stock, par value $0.01 per share (“FORM Common Stock”),

(b)

494,792 shares of newly designated Series D Convertible Preferred Stock, par value $0.01 per share, of FORM (“FORM Preferred Stock”) with an aggregate initial liquidation preference of $23,750, and

(c)

five-year warrants to purchase an aggregate of 2,500,000 shares of FORM Common Stock, at an exercise price of $3.00 per share, each subject to adjustment in the event of a stock split, dividend or similar events.

The FORM Preferred Stock shall be initially convertible into an aggregate of 3,958,336 shares of FORM Common Stock, which equals a $6.00 per share conversion price, and each holder of FORM Preferred Stock shall be entitled to vote on an as converted basis. The FORM Preferred Stock is senior to the FORM Common Stock and the terms of the FORM Preferred Stock contain no restrictions on the Company’s ability to issue additional senior preferred securities or the Company’s ability to issue additional preferred securities in the future. The Company has the right, but not the obligation, upon ten trading days’ notice to convert the outstanding shares of FORM Preferred Stock into FORM Common Stock at the then applicable conversion ratio, at any time or from time to time, if the volume weighted average price per share of the FORM Common Stock exceeds $9.00 for over any 20 days in a 30 consecutive trading day period. The term of the FORM Preferred Stock is seven years, after which time FORM can repay the holders in shares of FORM Common Stock or cash at the Company’s election. If the Company elects to make a payment, or any portion thereof, in shares of FORM Common Stock, the number of shares deliverable (the “Base Shares”) will be based on the volume weighted average price per share of the FORM Common Stock for the 30 trading days prior to the date of calculation (the “Base Price”) plus an additional number of shares of FORM Common Stock (the “Premium Shares”), calculated as follows: (i) if the Base Price is greater than $9.00, no Premium Shares shall be issued, (ii) if the Base Price is greater than $7.00 and equal to or less than $9.00, an additional number of shares equal to 5% of the Base Shares shall be issued, (iii) if the Base Price is greater than $6.00 and equal to or less than $7.00, an additional number of shares equal to 10% of the Base Shares shall be issued, (iv) if the Base Price is greater than $5.00 and equal to or less than $6.00, an additional number of shares equal to 20% of the Base Shares shall be issued and (v) if the Base Price is less than or equal to $5.00, an additional number of shares equal to 25% of the Base Shares shall be issued. The FORM Preferred Stock will accrue interest at 9% per annum, or $4.32 per share of FORM Preferred Stock.

In addition, the Company entered into subscription agreements to sell 750,574 shares of its unregistered FORM Common Stock to certain holders of XpresSpa, at a purchase price of $2.31 per share, for an aggregate purchase price of $1,734.

On August 8, 2016, FORM purchased from XpresSpa an aggregate of 1,733,826 of Series C Preferred Units of XpresSpa, at a per unit purchase price of $1.00 per unit, for an aggregate purchase price of $1,734, which is included in other current assets in the condensed consolidated balance sheets. The Series C Preferred Units of XpresSpa will have a preference in the amount of its initial investment and shall bear 12% interest until the closing of the anticipated merger agreement.

The Company is holding its annual meeting of stockholders on November 28, 2016 to approve, among other things, the Merger and the issuance of shares of FORM Common Stock, FORM Preferred Stock and warrants to the Unitholders in connection with the Merger. Assuming stockholder approval is received, the Company expects to complete the Merger shortly after the stockholders vote. Immediately following the completion of the Merger (without taking into account any shares of FORM Common Stock held by XpresSpa equity holders prior to the completion of the Merger), the former Unitholders of XpresSpa are expected to own approximately 18% of the outstanding FORM Common Stock (or 33% of the outstanding FORM Common Stock calculated on a fully diluted basis) and the current stockholders of the Company are expected to own approximately 82% of the outstanding FORM Common Stock (or 67% of the outstanding FORM Common Stock calculated on a fully diluted basis).

Impairment of Patents

The Company’s name change and repositioning as a holding company was deemed a triggering event, which required the Company’s patent assets to be tested for impairment. In performing this impairment test, the Company determined that the patent portfolios, which together represent an asset group, were subject to impairment testing. In the first step of the impairment test, the Company utilized its projections of future undiscounted cash flows based on its existing plans for the patents. As a result, it was determined that the Company’s projections of future undiscounted cash flows were less than the carrying value of the asset group. Accordingly, the Company performed the second step of the impairment test to measure the potential impairment by calculating the asset group’s fair value as of May 6, 2016. As a result, following amortization for the month of April, the Company recorded an impairment charge of $11,937, which resulted in a new carrying value of $1,526 on May 6, 2016. Following the impairment, the Company reevaluated the remaining useful life and concluded that there were no changes in the estimated useful life.

Stockholder Rights Plan

On March 18, 2016, the Company announced that the Company’s Board of Directors adopted a stockholder rights plan in the form of a Section 382 Rights Agreement designed to preserve the Company’s tax assets. As a part of the plan, the Company’s Board of Directors declared a dividend of one preferred-share-purchase right for each share of the Company’s common stock outstanding as of March 29, 2016. Effective on March 18, 2016, if any group or person acquires 4.99% or more of the Company’s outstanding shares of common stock, or if a group or person that already owns 4.99% or more of the Company’s common stock acquires additional shares representing 0.5% or more of the Company’s common stock, then, subject to certain exceptions, there would be a triggering event under the plan. The rights would then separate from the Company’s common stock and would be adjusted to become exercisable to purchase shares of the Company’s common stock having a market value equal to twice the purchase price of $9.50, resulting in significant dilution in the ownership interest of the acquiring person or group. The Company’s Board of Directors has the discretion to exempt any acquisition of the Company’s common stock from the provisions of the plan and has the ability to terminate the plan prior to a triggering event. In connection with this plan, the Company filed a Certificate of Designation of Series C Junior Preferred Stock with the Secretary of State of Delaware on March 18, 2016.

Senior Secured Notes

On March 9, 2016, the Company and the holders (the “Investors”) of the Company’s $12,500 Senior Secured Convertible Notes (the “Notes”), which were originally issued by the Company in a registered direct offering on May 4, 2015, entered into an exchange note agreement (the “Exchange Note Agreement”). Pursuant to the Exchange Note Agreement, the Company issued to the Investors an aggregate of 703,644 shares of its common stock, par value $0.01 per share, in exchange for the reduction of $1,267 of the outstanding aggregate principal amount of the Notes and $49 of accrued interest. As a result, the outstanding aggregate principal amount under the Notes was reduced from $3,016 to $1,749 as of March 9, 2016.

In addition, on March 9, 2016, the Company, with the consent of each of the Investors, agreed to amend the Notes. Pursuant to the Amended and Restated Senior Secured Notes (the “Amended Notes”) and the Indenture dated May 4, 2015, as supplemented by a First Supplemental Indenture dated May 4, 2015 and further supplemented by a Second Supplemental Indenture (the “Second Supplemental Indenture”) dated March 9, 2016: (i) the Amended Notes are no longer convertible into shares of the Company’s common stock and will be payable by the Company on the Maturity Date (as defined below) in cash only, (ii) the Maturity Date of the Amended Notes will extend to June 30, 2017 (the “Maturity Date”), (iii) the Company will discontinue the payment of principal prior to the Maturity Date (subject to certain exceptions), (iv) the interest rate increased from 8% to 10% per annum and will accrue on the outstanding aggregate principal amount of the Amended Notes, payable monthly, and (v) the Company will pay to the Investors on the Maturity Date 102% of the outstanding aggregate principal amount of the Amended Notes. The Company also agreed to maintain a cash balance (including cash equivalents) of not less than $2,900.

In addition, the Company agreed to reduce the exercise price of the warrants to purchase an aggregate of 537,500 shares of the Company’s common stock pursuant to the initial agreement (the “May 2015 Warrants”) from $10.00 to $3.00 per share and the parties also agreed to remove from the May 2015 Warrants certain anti-dilution features. Other terms of the May 2015 Warrants remained the same. Furthermore, in connection with the Amended Notes, the Company paid a restructuring fee of $50 to the Investors.

On July 1, 2016, the Company repaid in full its Amended Notes that were due on June 30, 2017. As required by the terms of the Amended Notes, notice of repayment was delivered to the Investors on June 30, 2016. The Company repaid the Amended Notes in full, including a 15% fee for early repayment. The Company used an aggregate of $2,011 of cash on hand for repayment of the Amended Notes. As a result of the repayment in full of the Amended Notes, all liens on the Company’s assets, including intellectual property, were released by the Investors.

Reverse Stock Split

Unless otherwise noted, the information contained in these condensed consolidated financial statements gives effect to a one-for-ten reverse stock split of our common stock effected on November 27, 2015 (the “Reverse Stock Split”) on a retroactive basis for all periods presented.

Accounting and Reporting Policies

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Accounting and Reporting Policies

Note 2. Accounting and Reporting Policies

(a) Basis of presentation and principles of consolidation

The accompanying interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information, and should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2015. All adjustments that, in the opinion of management, are necessary for a fair presentation for the periods presented have been reflected by the Company as required by Regulation S-X, Rule 10-01. Such adjustments are of a normal, recurring nature. The results of operations for the nine-month period ended September 30, 2016 are not necessarily indicative of the results that may be expected for the entire fiscal year or for any other interim period. All significant intercompany balances and transactions have been eliminated in consolidation.

(b) Use of estimates

The preparation of the accompanying condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses for the periods presented. Actual results may differ from such estimates. Significant items subject to such estimates and assumptions include the Company’s valuation of intangible assets, the useful lives of the Company’s intangible assets, the valuation of the Company’s derivative warrants, the valuation of stock-based compensation, deferred tax assets and liabilities, income tax uncertainties, and other contingencies.

(c) Accounting guidance adopted in 2016

ASU No. 2015-03, Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs

During the nine-month period ended September 30, 2016, the Company adopted guidance on a retrospective basis that requires debt issuance costs related to a recognized debt liability to be presented in the condensed consolidated balance sheets as a deduction from the carrying amount of such debt. As a result of this adoption, the Company reclassified $73 of debt issuance costs as of December 31, 2015 from other current assets to senior secured notes.

ASU No. 2014-15, Presentation of Financial Statements (Topic 205): Going Concern

During the nine-month period ended September 30, 2016, the Company adopted the standard that provides guidance around management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The adoption of this guidance did not have a material effect on the Company’s condensed consolidated financial statements.

ASU 2014-16, Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share is More Akin to Debt or to Equity

During the nine-month period ended September 30, 2016, the Company adopted the standard that clarifies how current U.S. GAAP should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. The adoption of this guidance did not have a material effect on the Company’s condensed consolidated financial statements.

(d) Reclassification

On November 27, 2015, the Company implemented the Reverse Stock Split, which became effective at the opening of trading on the NASDAQ on that date. As of November 27, 2015, every 10 shares of the Company’s issued and outstanding common stock were combined into one share of its common stock, except to the extent that the Reverse Stock Split resulted in any of the Company’s stockholders owning a fractional share, which was rounded up to the next highest whole share. In connection with the Reverse Stock Split, there was no change in the nominal par value per share of $0.01 and the Company’s authorized shares.

Certain balances have been reclassified to conform to presentation requirements, including to retroactively present the effect of the Reverse Stock Split. All references to the number of shares of common stock, price per share and weighted average shares of common stock have been adjusted to reflect the Reverse Stock Split on a retroactive basis for all periods presented, unless otherwise noted.

As a result of the adoption by the Company of ASU No. 2015-03 on a retrospective basis, during the nine-month period ended September 30, 2016, the Company reclassified $73 of debt issuance costs as of December 31, 2015 from other current assets to senior secured notes.

(e) Intangible assets

Intangible assets include purchased patents, which are recorded based on the cost to acquire them, as well as trade names, customer relationships and technology, which were acquired as part of the acquisition of International Development Group Limited (“IDG”) in the fourth quarter of 2015 and are recorded based on the estimated fair value in purchase price allocation. The intangible assets are amortized over their estimated useful lives, which are periodically evaluated for reasonableness.

The Company’s intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In assessing the recoverability of the Company’s intangible assets, the Company must make estimates and assumptions regarding future cash flows and other factors to determine the fair value of the respective assets. These estimates and assumptions could have a significant impact on whether an impairment charge is recognized and also the magnitude of any such charge. Fair value estimates are made at a specific point in time, based on relevant information. These estimates are subjective in nature and involve uncertainties and matters of significant judgments and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. If these estimates or material related assumptions change in the future, the Company may be required to record impairment charges related to its intangible assets.

(f) Deferred revenue

Deferred revenue includes (i) payments received from customers in advance of providing the product and (ii) amounts deferred if other conditions of revenue recognition have not been met. The Company accounts for funds raised from crowdfunding campaigns and pre-sales as deferred revenue.

Net Loss per Share of Common Stock

9 Months Ended

Sep. 30, 2016

Earnings Per Share, Basic and Diluted [Abstract]

Net Loss per Common Share

Note 3. Net Loss per Share of Common Stock

Basic net loss per share is computed by dividing the net loss for the period by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing the net loss for the period by the weighted-average number of shares of common stock plus dilutive potential common stock considered outstanding during the period. However, as the Company generated net loss in all periods presented, some potentially dilutive securities, including certain warrants and stock options, were not reflected in diluted net loss per share because the impact of such instruments was anti-dilutive.

The table below presents the computation of basic and diluted net loss per share of common stock:

	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Basic Numerator:
Net loss attributable to shares of common stock	$	(5,261)	$	(11,871)	$	(20,023)	$	(27,356)
Net loss attributable to shares of common stock	$	(5,261)	$	(11,871)	$	(20,023)	$	(27,356)
Basic Denominator:
Weighted average number of shares of common stock outstanding during the period		15,473,895		10,246,624		14,880,925		9,688,744
Basic common stock shares outstanding		15,473,895		10,246,624		14,880,925		9,688,744
Basic net loss per common stock share	$	(0.34)	$	(1.16)	$	(1.35)	$	(2.82)

Diluted Numerator:
Net loss attributable to shares of common stock	$	(5,261)	$	(11,871)	$	(20,023)	$	(27,356)
Diluted net loss attributable to shares of common stock	$	(5,261)	$	(11,871)	$	(20,023)	$	(27,356)

Diluted Denominator:
Basic common stock shares outstanding		15,473,895		10,246,624		14,880,925		9,688,744
Diluted common stock shares outstanding		15,473,895		10,246,624		14,880,925		9,688,744
Diluted net loss per common stock share	$	(0.34)	$	(1.16)	$	(1.35)	$	(2.82)

Net loss per share data presented excludes from the calculation of diluted net loss the following potentially dilutive securities, as they had an anti-dilutive impact:
Vested and unvested options outstanding to purchase an equal number of shares of common stock of the Company		1,492,434		871,484		1,492,434		871,484
Unvested RSUs to issue an equal number of shares of common stock of the Company		—		54,323		—		54,323
Warrants to purchase an equal number of shares of common stock of the Company		1,006,679		956,679		1,006,679		956,679
Conversion feature of senior secured notes		—		1,130,952		105,920		1,250,000
Total number of potentially dilutive instruments, excluded from the calculation of net loss per share		2,499,113		3,013,438		2,605,033		3,132,486

Business Combination

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Business Combination

Note 4. Business Combination

On October 15, 2015, the Company acquired IDG. Pursuant to the Purchase Agreement, the Company acquired 100% of the capital stock of IDG. Group Mobile and 70% of FLI Charge were also acquired through the purchase of IDG. Group Mobile is a company with full-service customer support in rugged computers, mobile devices and accessories. FLI Charge owns patented conductive wireless charging technology and is focused on innovation, sales, manufacturing and licensing its technology in various industries, such as automotive, furniture and others.

As consideration for the acquisition, the Company issued an equivalent of 1,666,667 common stock (after giving effect to the Reverse Stock Split), which were issued as follows: (i) 1,604,167 shares of the Company’s newly designated Series B Convertible Preferred Stock (“Series B Preferred”), convertible into 1,604,167 shares of the Company’s common stock, (ii) 57,500 shares of the Company’s unregistered common stock issued to one of the sellers, who is a former chief executive officer and director of IDG, in consideration of his forgiveness of debt and (iii) 5,000 shares of the Company’s common stock for transaction related services. A total of 240,625 Series B Preferred shares were placed in escrow to secure certain of the sellers’ indemnity obligations under the Purchase Agreement for a period of up to 12 months. On November 27, 2015, all Series B Preferred outstanding shares were converted into unregistered common stock of the Company, resulting in the issuance of 1,604,167 shares of common stock. Shares held in escrow were released to the sellers in April and November 2016.

Purchase consideration value was determined based on the market value of the Company’s common stock at the date of the transactions, discounted for the fact that the shares are restricted as to their marketability for a period of six months from the issuance date.

The transaction has been accounted for as a business combination. Assets acquired and liabilities assumed were recorded at their fair values at the closing date. The purchase price consideration was as follows:

October 15, 2015 Acquisition:	Fair Value
Series B Preferred Stock	$	5,378
Debt assumed, settled in shares		193
Total share value issued	$	5,571

The purchase price for the acquisition was allocated to the net tangible and intangible assets based on their fair values as of the closing date. The excess of the purchase price over the net tangible assets and intangible assets was recorded as goodwill. The purchase price allocation was as follows:

	Fair Value
Assets:
Cash and cash equivalents	$	144
Accounts receivable		245
Inventory		234
Prepaid expenses		18
Current Assets		641
Intangible assets		2,146
Goodwill		4,863
Total Assets		7,650

Liabilities:
Accounts payable		464
Credit line		270
Accrued expenses		44
Other current liabilities		173
Deferred tax liabilities		866
Total liabilities		1,817
Non-controlling interest in FLI Charge		262
Total	$	5,571

The allocation of the purchase price was based upon a valuation and the Company's estimates and assumptions, which are subject to change within the measurement period (up to one year from the acquisition dates). The principal area of potential purchase price adjustments relate to the shares placed in escrow.

In connection with the acquisition, the Company also entered into a Consulting Agreement with IDG’s former chief executive officer and director for a term of six months and payment of $9 per month. The Company also issued to a finder a warrant to purchase up to an aggregate of 50,000 shares of common stock of the Company, at an exercise price of $5.00 per share, expiring on April 15, 2021. The fair value of the warrant was $114 and was recorded as an expense in general and administrative expenses.

On December 28, 2015, the Company acquired the remaining 30% interest in FLI Charge from third parties. In conjunction with the transaction, the Company issued 110,000 shares of its unregistered common stock for total consideration of $262. The fair value of the consideration for financial reporting purposes was determined based on the market value of the shares at the date of the transaction, discounted due to the restricted nature of the shares and the effect this has on their marketability. The issuance of these shares has no impact on the allocation of the purchase consideration pursuant to FASB ASC 810 and was recorded as an equity transaction.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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+ Details

Intangible Assets

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 5. Intangible Assets

The following table provides information regarding the Company’s intangible assets, which consist of the following:

	September 30, 2016						December 31, 2015
	Gross Carrying Amount		Accumulated Amortization and Impairment		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization and Impairment		Net Carrying Amount		Weighted average amortization period (years)
Patents	$	28,213	$	(26,822)		1,391	$	28,213	$	(13,782)	$	14,431		8.60
Customer relationships		1,163		(285)		878		1,163		(62)		1,101		3.91
Trade name		504		(99)		405		504		(21)		483		4.90
Technology		479		(81)		398		479		(18)		461		5.68
Additions:
Software		243		—		243		—		—		—		3.00
Total intangible assets	$	30,602	$	(27,287)	$	3,315	$	30,359	$	(13,883)	$	16,476

The Company recorded customer relationships, trade name and technology as part of the acquisition of Group Mobile and FLI Charge completed on October 15, 2015. Additionally, during 2016, the Company has capitalized costs for software related to the build-out of Group Mobile’s new website. Amortization has not been recorded for the software as it has not yet been placed into service. The patent assets consist of several major patent portfolios, which were acquired from third parties, as well as a number of internally-developed patents. The costs related to internally-developed patents are expensed as incurred.

The Company’s intangible assets are amortized over their expected useful lives. During the three-month periods ended September 30, 2016 and 2015, the Company recorded amortization expense of $203 and $819, respectively. During the nine-month periods ended September 30, 2016 and 2015, the Company recorded amortization expense of $1,467 and $2,436, respectively.

During the nine-month period ended September 30, 2016, the Company determined that there were impairment indicators related to certain of its patents. A significant factor considered when making this determination occurred on May 6, 2016, when “Vringo, Inc.” changed its name to “FORM Holdings Corp.” and concurrently announced its repositioning as a holding company of small and middle market growth companies. The Company concluded that this factor was deemed a “triggering” event, which required the related patent assets to be tested for impairment. In performing this impairment test, the Company determined that the patent portfolios, which together represent an asset group, were subject to impairment testing. In the first step of the impairment test, the Company utilized its projections of future undiscounted cash flows based on the Company’s existing plans for the patents. As a result, it was determined that the Company’s projections of future undiscounted cash flows were less than the carrying value of the asset group. Accordingly, the Company performed the second step of the impairment test to measure the impairment by calculating the asset group’s fair value as of May 6, 2016.

As a result, following amortization for the month of April, the Company recorded an impairment charge of $11,937, or 88.7% of the carrying value of the patents prior to impairment. This resulted in a new carrying value of $1,526 on May 6, 2016. The impairment charge is included in amortization and impairment of intangible assets in the condensed consolidated statements of operations. Following the impairment, the Company reevaluated the remaining useful life and concluded that there were no changes in the estimated useful life. There were no impairment indicators related to any of the Company’s other amortizable intangible assets during the nine-month period ended September 30, 2016.

The following table provides information regarding the Company’s goodwill, which relates to the purchase of IDG completed on October 15, 2015. There were no indicators of impairment of goodwill as of September 30, 2016.

Group Mobile	$	4,106
FLI Charge		757
Total Goodwill	$	4,863

General and administrative expenses

9 Months Ended

Sep. 30, 2016

General and Administrative Expenses Disclosure [Abstract]

General and administrative expenses

Note 6. General and administrative expenses

The Company’s general and administrative expenses grew significantly for both the three-month and nine-month periods ended September 30, 2016 as compared to the three-month and nine-month periods ended September 30, 2015. The increases were primarily due to two key factors: 1) merger and acquisition costs related to the Merger with XpresSpa and 2) general and administrative costs associated with Group Mobile and FLI Charge. During the three-month and nine-month periods ended September 30, 2016, the Company incurred $952 and $1,008 of merger and acquisition costs, respectively, associated with legal, diligence, valuation, and other costs pertaining to the Merger with XpresSpa. Following the acquisition of Group Mobile and FLI Charge during the fourth quarter of 2015, the Company experienced an increase in salaries and benefits due to the expanded workforce of the additional operating segments and incurred advertising and marketing costs for Group Mobile and FLI Charge’s product lines and product development costs as FLI Charge continued to develop and improve its product line. These increases in general and administrative expenses were offset by significant decreases in the stock-based compensation expense, which resulted from equity awards granted in 2012 and 2013 becoming fully vested during the latter half of 2015, as well as insurance, accounting, and audit fees.

The following table shows the breakout of key categories of general and administrative expenses for the three and nine months ended September 30, 2016 as compared to the three and nine months ended September 30, 2015.

	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
General and administrative expenses
Salaries, commissions, and benefits	$	1,041	$	419	$	2,722	$	1,504
Stock-based compensation		426		936		1,256		3,560
Legal, merger and acquisition, and financing		1,053		76		1,436		247
Accounting and audit		99		150		387		446
Advertising and marketing		110		—		856		—
Product development		113		—		634		—
Insurance		121		191		516		496
Other general and administrative expenses		992		323		2,405		1,138
Total general and administrative expenses	$	3,955	$	2,095	$	10,212	$	7,391

Segment Information

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Information

Note 7. Segment Information

The Company currently has three operating segments, Group Mobile, FLI Charge and intellectual property, which accumulate revenue and expenses. Additionally, the Company allocates certain expenses to its non-operating corporate segment. The corporate segment represents general and administrative expenses as well as net non-operating income (expense) that are not specific to any of FORM’s operating segments, but represent expenses incurred on behalf of the parent company, a holding company.

	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Revenue
Group Mobile	$	1,751	$	—	$	5,478	$	—
FLI Charge		4		—		33		—
Intellectual property		1,350		—		11,000		150
Total revenue	$	3,105	$	—	$	16,511	$	150

Segment operating loss
Group Mobile	$	(565)	$	—	$	(1,213)	$	—
FLI Charge		(414)		—		(2,191)		—
Intellectual property		113		(7,595)		(8,167)		(17,627)
Corporate		(2,911)		(2,095)		(6,527)		(7,391)
Total segment operating loss		(3,777)		(9,690)		(18,098)		(25,018)

Corporate non-operating income (expense), net		(1,484)		(2,181)		(1,925)		(2,338)
Net loss	$	(5,261)	$	(11,871)	$	(20,023)	$	(27,356)

	September 30, 2016		December 31, 2015
Assets
Group Mobile	$	6,635	$	6,228
FLI Charge		1,684		1,583
Intellectual property		2,485		17,528
Corporate		24,513		25,120
Total assets	$	35,317	$	50,459

The corporate segment’s assets are mainly comprised of cash and cash equivalents.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Senior Secured Notes

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Senior Secured Notes

Note 8. Senior Secured Notes

As of December 31, 2015, total outstanding principal was $4,206. Between January 1, 2016 and March 9, 2016, the Company made two principal payments in the aggregate amount of $1,190. The Company elected to make these principal payments in shares of the Company’s common stock, which are issued at a 15% discount to the market price data. As such, the Company issued 1,032,332 shares in lieu of principal payments and recorded $210 as extinguishment of debt expense in the condensed consolidated statements of operations.

On March 9, 2016, the Company and the Investors entered into the Exchange Note Agreement. Pursuant to the Exchange Note Agreement, the Company issued to the Investors an aggregate of 703,644 shares of its common stock in exchange for the reduction of $1,267 of the outstanding aggregate principal amount of the Notes and $49 of accrued interest. As a result, the outstanding aggregate principal amount under the Notes was reduced from $3,016 to $1,749 as of March 9, 2016.

In addition, on March 9, 2016, the Company, with the consent of each of the Investors, agreed to amend the Notes. Pursuant to the Amended Notes and the Indenture dated May 4, 2015, as supplemented by a First Supplemental Indenture dated May 4, 2015 and further supplemented by the Second Supplemental Indenture dated March 9, 2016: (i) the Amended Notes are no longer convertible into shares of the Company’s common stock and will be payable by the Company on the Maturity Date in cash only, (ii) the Maturity Date of the Amended Notes will extend to June 30, 2017, (iii) the Company will discontinue the payment of principal prior to the Maturity Date (subject to certain exceptions), (iv) the interest rate increased from 8% to 10% per annum and will accrue on the outstanding aggregate principal amount of the Amended Notes, payable monthly, and (v) the Company will pay to the Investors on the Maturity Date 102% of the outstanding aggregate principal amount of the Amended Notes. The Company also agreed to maintain a cash balance (including cash equivalents) of not less than $2,900.

In addition, the Company agreed to reduce the exercise price of the May 2015 Warrants from $10.00 to $3.00 per share and the parties also agreed to remove from the May 2015 Warrants certain anti-dilution features. Other terms of the May 2015 Warrants remained the same. Furthermore, in connection with the Amended Notes, the Company paid a restructuring fee of $50 to the Investors.

On July 1, 2016, the Company repaid in full its Amended Notes that were due on June 30, 2017. As required by the terms of the Amended Notes, notice of repayment was delivered to the Investors on June 30, 2016. The Company repaid the Amended Notes in full, including a 15% fee for early repayment. The Company used an aggregate of $2,011 of cash on hand for repayment of the Amended Notes. As a result of the repayment in full of the Amended Notes, all liens on the Company’s assets, including its intellectual property, were released by the Investors.

The table below summarizes changes in the book value of the Notes from December 31, 2015 to September 30, 2016:

Book value as of December 31, 2015 (net of unamortized portion of debt issuance costs of $73)	$	3,111
Debt repayments in January and February 2016		(1,190)
Amortization of debt discount and debt issuance costs, included in interest expense		356
Book value of Notes before the Exchange Note Agreement on March 9, 2016		2,277

Fair value of the considerations provided to the Investors, including:
Increase in fair value of May 2015 Warrants due to reduced exercise price		281
Repayment of Notes in shares of common stock		1,267
Repayment of $1,267 of Notes in shares of common stock at a discount to the market		183
Restructuring fee paid to the Investors		50
Total fair value of the considerations provided to the Investors		1,781

Book value of Amended Notes after the Exchange Note Agreement on March 9, 2016		496
Amortization of debt discount and debt issuance costs, included in interest expense		1,253
Early repayment fee of 15% of outstanding principal of $1,749		262
Repayment of Amended Notes in full on July 1, 2016		(2,011)
Book value of Amended Notes as of September 30, 2016	$	—

Fair Value Measurements

9 Months Ended

Sep. 30, 2016

Fair Value Measurements [Abstract]

Fair Value Measurements

Note 9. Fair Value Measurements

The following table presents the placement in the fair value hierarchy of liabilities measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015:

			Fair value measurement at reporting date using
			Quoted prices in
			active markets		Significant other		Significant
			for identical		observable		unobservable
	Balance		assets (Level 1)		inputs (Level 2)		inputs (Level 3)
September 30, 2016:
May 2015 Warrants	$	601	$	—	$	—	$	601

December 31, 2015:
May 2015 Warrants	$	416	$	—	$	—	$	416
Conversion feature	$	1	$	—	$	—	$	1

The Company measures its derivative liabilities at fair value. The May 2015 Warrants were classified within Level 3 because they were valued using the Black-Scholes-Merton model, which utilizes significant inputs that are unobservable in the market. They are recorded as derivative warrant liabilities as they are freestanding instruments and there are several features within the warrants that may require the Company to cash settle or partially cash settle. In particular, the Company may have to cash settle, partially cash settle, or make cash payments to the Investors including cash settlement upon exercise when insufficient shares are authorized to be issued, and that the Company is obligated to issue registered shares when the warrants are exercised. The derivative warrant liabilities are initially measured at fair value and marked to market at each balance sheet date.

In addition to the above, the Company’s financial instruments as of September 30, 2016 and December 31, 2015 consisted of cash, cash equivalents, receivables, accounts payable, deposits and Notes. The carrying amounts of all the aforementioned financial instruments approximate fair value because of the short-term maturities of these instruments.

The following table summarizes the changes in the Company’s liabilities measured at fair value using significant unobservable inputs (Level 3) during the nine-month period ended September 30, 2016:

	May 2015 Warrants		Conversion feature
December 31, 2015	$	416	$	1
Decrease in fair value of the warrants and conversion feature		(96)		(1)
Increase in fair value as a result of debt modification		281		—
September 30, 2016	$	601	$	—

Valuation processes for Level 3 Fair Value Measurements

Fair value measurement of the derivative warrant liabilities falls within Level 3 of the fair value hierarchy. The fair value measurements are evaluated by management to ensure that changes are consistent with expectations of management based upon the sensitivity and nature of the inputs.

September 30, 2016:

Description	Valuation technique	Unobservable inputs	Range
May 2015 Warrants	Black-Scholes-Merton	Volatility		60.78	%
		Risk-free interest rate		1.04	%
		Expected term, in years		3.59
		Dividend yield		0.00	%

December 31, 2015:

Description	Valuation technique	Unobservable inputs	Range
Conversion feature	Monte-Carlo model	Volatility		82.46	%
		Risk free interest rate		0.46	%
		Expected term, in years		0.51
		Conversion price	$	10.00

May 2015 Warrants	Black-Scholes-Merton	Volatility		79.13	%
		Risk free interest rate		1.68	%
		Expected term, in years		4.34
		Dividend yield		0.00	%

Sensitivity of Level 3 measurements to changes in significant unobservable inputs

The inputs to estimate the fair value of the Company’s derivative warrant liabilities and conversion feature were the current market price of the Company’s common stock, the exercise price of the warrants and conversion feature, their remaining expected term, the volatility of the Company’s common stock price and the risk-free interest rate over the expected term. Significant changes in any of those inputs in isolation can result in a significant change in the fair value measurement.

Generally, an increase in the market price of the Company’s shares of common stock, an increase in the volatility of the Company’s shares of common stock, and an increase in the remaining term of the warrants and conversion feature would each result in a directionally similar change in the estimated fair value of the Company’s warrants. Such changes would increase the associated liability while decreases in these assumptions would decrease the associated liability. An increase in the risk-free interest rate or a decrease in the differential between the warrants’ and conversion feature’s exercise prices and the market price of the Company’s shares of common stock would result in a decrease in the estimated fair value measurement and thus a decrease in the associated liability. The Company has not, and does not plan to, declare dividends on its common stock, and as such, there is no change in the estimated fair value of the warrants and conversion feature due to the dividend assumption.

The following table presents the placement in the fair value hierarchy of intangible assets measured at fair value on a non-recurring basis as of September 30, 2016 due to impairment. There was no impairment of intangible assets for the period ended December 31, 2015 and, as such, no fair value measurement was performed:

Fair value measurement at reporting date using

Quoted prices in

active markets

Significant other

Significant

for identical

observable

unobservable

Balance

assets (Level 1)

inputs (Level 2)

inputs (Level 3)

September 30, 2016:

Patents

1,391

—

1,391

During the nine-month period ended September 30, 2016, the Company recorded a noncash impairment charge of $11,937 to reduce the net carrying value of its patent assets to its estimated fair value of $1,526. Following the impairment charge, the net carrying value of the patent assets was reduced to $1,391 as of September 30, 2016 due to additional amortization expense during the period. The fair value of these assets were classified as Level 3 of the fair value hierarchy using an income-based approach.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Warrants

9 Months Ended

Sep. 30, 2016

Warrants and Rights Note Disclosure [Abstract]

Warrants

Note 10. Warrants

The following table summarizes information about warrant activity during the nine-month period ended September 30, 2016:

	No. of warrants		Weighted average exercise price		Exercise price range
December 31, 2015		1,006,679	$	12.92		$5.00 - $17.60
Granted		—		—		—
Exercised		—		—		—
Expired		—		—		—
September 30, 2016		1,006,679	$	9.18		$3.00 - $17.60

On March 9, 2016, the Company modified the exercise price of the May 2015 Warrants, which are recorded as derivative warrant liabilities, from $10.00 to $3.00. There were no changes to other terms of the May 2015 Warrants (see Note 8). The change in fair value of the May 2015 Warrants as a result of the exercise price modification was accounted for as a debt discount to be amortized over the remaining term of the Amended Notes.

Certain of the Company’s outstanding warrants are classified as equity warrants and certain are classified as derivative warrant liabilities. The Company’s outstanding equity warrants as of September 30, 2016 consist of the following:

	No. outstanding		Exercise price		Remaining contractual life		Expiration Date
Series 1 Warrants		149,025	$	17.60		0.80 years		July 19, 2017
Series 2 Warrants		194,352	$	17.60		0.80 years		July 19, 2017
Reload Warrants		75,802	$	17.60		0.35 years		February 6, 2017
October 2015 Warrants		50,000	$	5.00		4.54 years		April 15, 2021
Outstanding as of September 30, 2016		469,179

The Company’s outstanding derivative warrants as of September 30, 2016 consist of the following:

No. outstanding

Exercise price

Remaining
contractual life

Expiration Date

May 2015 Warrants

537,500

3.00

3.59 years

May 4, 2020

Stock-based Compensation

9 Months Ended

Sep. 30, 2016

Share-based Compensation [Abstract]

Stock-based Compensation

Note 11. Stock-based Compensation

The Company has a stock-based compensation plan available to grant stock options and RSUs to the Company’s directors, employees and consultants. Under the 2012 Employee, Director and Consultant Equity Incentive Plan (the “Plan”), a maximum of 1,560,000 shares of common stock may be awarded (after giving effect to the one-for-ten reverse stock split). In 2015, the Company amended its Plan, so that a maximum number of shares of common stock that may be awarded was increased to 2,100,000 (the “Amended Plan”). As of September 30, 2016, 302,510 shares were available for future grants under the Plan. Total stock-based compensation expense for the three-month periods ended September 30, 2016 and 2015 was $485 and $1,066, respectively. Total stock-based compensation expense for the nine-month periods ended September 30, 2016 and 2015 was $1,447 and $4,191, respectively.

The following table illustrates the stock options granted during the nine-month period ended September 30, 2016.

Title

Grant date

No. of
options

Exercise
price

Fair market value at
grant date

Vesting terms

Assumptions used in
Black-Scholes option pricing
model

Directors, management and employees

April – June 2016

730,000

$1.55 - $1.92

$0.82 - $1.04

Over 1 year for directors; Over 3 years for management and employees

Volatility: 58.92% - 59.75%
Risk free interest rate: 1.24% - 1.56%
Expected term, in years: 5.31 - 5.81
Dividend yield: 0.00%

In addition to the stock options listed in the table above, on April 4, 2016, the Company's Board of Directors authorized another 2,260,000 stock options to be granted to management and employees. This amount of stock options granted was greater than the amount available under the Amended Plan and, as such, the stock options were not issued to management and employees as they require stockholder approval. These stock options are expected to be granted when stockholders’ approval is received in the fourth quarter of 2016.

The following table illustrates the RSUs granted during the nine-month period ended September 30, 2016.

Title

Grant date

No. of RSUs

Exercise price

Fair market
value at grant date

Vesting term

Consultant

March 9, 2016

10,000

—

2.13

0.33 years

The activity related to stock options and RSUs during the nine-month period ended September 30, 2016 consisted of the following:

	RSUs				Options
	No. of RSUs		Weighted average grant date fair value		No. of options		Weighted average exercise price		Exercise price range		Weighted average grant date fair value
Outstanding at January 1, 2016		53,280	$	36.31		871,484	$	30.65	$	5.10 - 55.00	$	20.49
Granted		10,000	$	2.13		730,000	$	1.66	$	1.55 - 1.92	$	0.89
Vested/Exercised		(63,280)	$	30.91		—		—		—		—
Forfeited		—		—		(100,050)	$	27.88	$	5.90 – 41.00	$	17.04
Expired		—		—		(9,000)	$	55.00	$	55.00	$	26.20
Outstanding at September 30, 2016		—	$	—		1,492,434	$	16.51	$	1.55 – 55.00	$	11.08
Exercisable at September 30, 2016		—		—		995,767	$	23.65	$	1.55 – 55.00

The Company did not recognize tax benefits related to its stock-based compensation as there is a full valuation allowance recorded for deferred tax assets.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

Related Parties Transactions

9 Months Ended

Sep. 30, 2016

Related Parties Transactions

Note 12. Related Parties Transactions

The Company engaged various third parties to perform valuations, legal, financial and tax due diligence associated with the XpresSpa Merger and other merger and acquisition projects. Among the service providers, the Company engaged RedRidge Lender Services LLC (“RedRidge”) to perform financial due diligence. The audit committee of the Company’s CEO and certain members of his family own a minority equity position in RedRidge, which may be considered a related party. The audit committee of the Company’s Board of Directors reviewed and approved the engagement of RedRidge. The fee for the XpresSpa engagement was $101 and the fees for other engagements were $60, all of which, except for $10, were incurred in the three-month period ended September 30, 2016. These fees are reflected in general and administrative expenses for the three- and nine-month periods ended September 30, 2016 in the condensed consolidated statements of operations.

Income Taxes

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

Note 13. Income Taxes

As of September 30, 2016, deferred tax assets generated from the Company’s U.S. activities were fully offset by a valuation allowance because realization depends on generating future taxable income, which, in the Company’s estimation, is not more likely than not to be generated before such net operating loss carryforwards expire.

The Company did not have any material unrecognized tax benefits as of September 30, 2016. The Company does not expect to record any additional material provisions for unrecognized tax benefits within the next year.

Commitments and Contingencies

9 Months Ended

Sep. 30, 2016

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 14. Commitments and Contingencies

FLI Charge

Litigation and legal proceedings

ZTE

On December 7, 2015, the Company entered into a confidential settlement and license agreement (the “Settlement Agreement”) with ZTE Corporation and its affiliates (collectively, “ZTE”), pursuant to which the parties withdrew all pending litigations and proceedings against each other and the Company granted ZTE a non-exclusive, non-transferable, worldwide perpetual license to certain patents and patent applications owned by the Company.

In several jurisdictions, though ZTE requested that government organizations close proceedings against FORM, those organizations make such determinations on their own volition. In China, ZTE requested that the National Developmental and Reform Commission (“NDRC”) conclude its investigation against FORM; however, it is not clear whether the NDRC has closed its investigation.

In addition, in China and the Netherlands, FORM continues to appeal patent invalidity rulings issued in connection with proceedings originally brought by ZTE. In each instance, ZTE has indicated that it will not oppose FORM’s appeals, though FORM must still plead its case before the respective adjudicatory body in each jurisdiction. No liability is expected or recorded for the ZTE-related legal proceedings.

All deposits that had been posted with the courts in connection with our litigation with ZTE have been returned.

ASUS

In March 2016, the Company and ASUSTeK Computer Inc. and its subsidiaries (collectively, “ASUS”) settled their disputes and ended all litigations between them. The Company and Google, Inc. (“Google”), who intervened as a party in the Company’s litigation against ASUS in India, have agreed to withdraw their respective outstanding claims against one another. The Company and Google are currently in the process of finalizing such withdrawals, and each party will cover its own costs.

Other

The Company is currently in discussions with the previous owner of some of its patents regarding whether the entirety of the payment received from ZTE in December 2015 is subject to the royalty rate under the Confidential Patent Purchase Agreement dated August 9, 2012.

The Company is also engaged in other litigation, for which no liability is recorded, as the Company does not expect any material negative outcome.

Leases

The Company leases office space in New York, NY for its corporate headquarters. Minimum annual lease payments are approximately $403 (subject to certain future escalations and adjustments). This lease will expire in October 2019. Group Mobile has a lease for its office space in Chandler, AZ. The annual rental fee is approximately $72; the current lease, which originally was due to expire on June 30, 2016, was amended in February 2016 and extended until July 31, 2019. Rent expense for operating leases for the three and nine month periods ended September 30, 2016 were $109 and $327, respectively. Rent expense for operating leases for the three and nine month periods ended September 30, 2015 were $91 and $274, respectively.

Accounting and Reporting Policies (Policies)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Basis of presentation and principles of consolidation

(a) Basis of presentation and principles of consolidation

Use of estimates

(b) Use of estimates

New Accounting Pronouncements

(c) Accounting guidance adopted in 2016

ASU No. 2015-03, Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs

ASU No. 2014-15, Presentation of Financial Statements (Topic 205): Going Concern

ASU 2014-16, Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share is More Akin to Debt or to Equity

Reclassification

(d) Reclassification

Intangible assets

(e) Intangible assets

Deferred revenue

(f) Deferred revenue

Net Loss per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share, Basic and Diluted [Abstract]

Computation of Net Loss per Common Share

The table below presents the computation of basic and diluted net loss per share of common stock:

	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Basic Numerator:
Net loss attributable to shares of common stock	$	(5,261)	$	(11,871)	$	(20,023)	$	(27,356)
Net loss attributable to shares of common stock	$	(5,261)	$	(11,871)	$	(20,023)	$	(27,356)
Basic Denominator:
Weighted average number of shares of common stock outstanding during the period		15,473,895		10,246,624		14,880,925		9,688,744
Basic common stock shares outstanding		15,473,895		10,246,624		14,880,925		9,688,744
Basic net loss per common stock share	$	(0.34)	$	(1.16)	$	(1.35)	$	(2.82)

Diluted Numerator:
Net loss attributable to shares of common stock	$	(5,261)	$	(11,871)	$	(20,023)	$	(27,356)
Diluted net loss attributable to shares of common stock	$	(5,261)	$	(11,871)	$	(20,023)	$	(27,356)

Diluted Denominator:
Basic common stock shares outstanding		15,473,895		10,246,624		14,880,925		9,688,744
Diluted common stock shares outstanding		15,473,895		10,246,624		14,880,925		9,688,744
Diluted net loss per common stock share	$	(0.34)	$	(1.16)	$	(1.35)	$	(2.82)

Net loss per share data presented excludes from the calculation of diluted net loss the following potentially dilutive securities, as they had an anti-dilutive impact:
Vested and unvested options outstanding to purchase an equal number of shares of common stock of the Company		1,492,434		871,484		1,492,434		871,484
Unvested RSUs to issue an equal number of shares of common stock of the Company		—		54,323		—		54,323
Warrants to purchase an equal number of shares of common stock of the Company		1,006,679		956,679		1,006,679		956,679
Conversion feature of senior secured notes		—		1,130,952		105,920		1,250,000
Total number of potentially dilutive instruments, excluded from the calculation of net loss per share		2,499,113		3,013,438		2,605,033		3,132,486

Business Combination (Tables)

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Schedule of Business Acquisitions by Acquisition, Contingent Consideration

October 15, 2015 Acquisition:	Fair Value
Series B Preferred Stock	$	5,378
Debt assumed, settled in shares		193
Total share value issued	$	5,571

Components of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price allocation was as follows:

	Fair Value
Assets:
Cash and cash equivalents	$	144
Accounts receivable		245
Inventory		234
Prepaid expenses		18
Current Assets		641
Intangible assets		2,146
Goodwill		4,863
Total Assets		7,650

Liabilities:
Accounts payable		464
Credit line		270
Accrued expenses		44
Other current liabilities		173
Deferred tax liabilities		866
Total liabilities		1,817
Non-controlling interest in FLI Charge		262
Total	$	5,571

Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Finite-Lived Intangible Assets

The following table provides information regarding the Company’s intangible assets, which consist of the following:

	September 30, 2016						December 31, 2015
	Gross Carrying Amount		Accumulated Amortization and Impairment		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization and Impairment		Net Carrying Amount		Weighted average amortization period (years)
Patents	$	28,213	$	(26,822)		1,391	$	28,213	$	(13,782)	$	14,431		8.60
Customer relationships		1,163		(285)		878		1,163		(62)		1,101		3.91
Trade name		504		(99)		405		504		(21)		483		4.90
Technology		479		(81)		398		479		(18)		461		5.68
Additions:
Software		243		—		243		—		—		—		3.00
Total intangible assets	$	30,602	$	(27,287)	$	3,315	$	30,359	$	(13,883)	$	16,476

Schedule of Goodwill

Group Mobile	$	4,106
FLI Charge		757
Total Goodwill	$	4,863

General and administrative expenses (Tables)

9 Months Ended

Sep. 30, 2016

General and Administrative Expenses Disclosure [Abstract]

Schedule of general and administrative expenses

	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
General and administrative expenses
Salaries, commissions, and benefits	$	1,041	$	419	$	2,722	$	1,504
Stock-based compensation		426		936		1,256		3,560
Legal, merger and acquisition, and financing		1,053		76		1,436		247
Accounting and audit		99		150		387		446
Advertising and marketing		110		—		856		—
Product development		113		—		634		—
Insurance		121		191		516		496
Other general and administrative expenses		992		323		2,405		1,138
Total general and administrative expenses	$	3,955	$	2,095	$	10,212	$	7,391

Segment Information (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Revenue
Group Mobile	$	1,751	$	—	$	5,478	$	—
FLI Charge		4		—		33		—
Intellectual property		1,350		—		11,000		150
Total revenue	$	3,105	$	—	$	16,511	$	150

Segment operating loss
Group Mobile	$	(565)	$	—	$	(1,213)	$	—
FLI Charge		(414)		—		(2,191)		—
Intellectual property		113		(7,595)		(8,167)		(17,627)
Corporate		(2,911)		(2,095)		(6,527)		(7,391)
Total segment operating loss		(3,777)		(9,690)		(18,098)		(25,018)

Corporate non-operating income (expense), net		(1,484)		(2,181)		(1,925)		(2,338)
Net loss	$	(5,261)	$	(11,871)	$	(20,023)	$	(27,356)

	September 30, 2016		December 31, 2015
Assets
Group Mobile	$	6,635	$	6,228
FLI Charge		1,684		1,583
Intellectual property		2,485		17,528
Corporate		24,513		25,120
Total assets	$	35,317	$	50,459

Senior Secured Notes (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of Debt

The table below summarizes changes in the book value of the Notes from December 31, 2015 to September 30, 2016:

Book value as of December 31, 2015 (net of unamortized portion of debt issuance costs of $73)	$	3,111
Debt repayments in January and February 2016		(1,190)
Amortization of debt discount and debt issuance costs, included in interest expense		356
Book value of Notes before the Exchange Note Agreement on March 9, 2016		2,277

Fair value of the considerations provided to the Investors, including:
Increase in fair value of May 2015 Warrants due to reduced exercise price		281
Repayment of Notes in shares of common stock		1,267
Repayment of $1,267 of Notes in shares of common stock at a discount to the market		183
Restructuring fee paid to the Investors		50
Total fair value of the considerations provided to the Investors		1,781

Book value of Amended Notes after the Exchange Note Agreement on March 9, 2016		496
Amortization of debt discount and debt issuance costs, included in interest expense		1,253
Early repayment fee of 15% of outstanding principal of $1,749		262
Repayment of Amended Notes in full on July 1, 2016		(2,011)
Book value of Amended Notes as of September 30, 2016	$	—

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Measurements [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the placement in the fair value hierarchy of liabilities measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015:

			Fair value measurement at reporting date using
			Quoted prices in
			active markets		Significant other		Significant
			for identical		observable		unobservable
	Balance		assets (Level 1)		inputs (Level 2)		inputs (Level 3)
September 30, 2016:
May 2015 Warrants	$	601	$	—	$	—	$	601

December 31, 2015:
May 2015 Warrants	$	416	$	—	$	—	$	416
Conversion feature	$	1	$	—	$	—	$	1

Changes in Liabilities Measured at Fair Value Using Significant Unobservable Inputs

The following table summarizes the changes in the Company’s liabilities measured at fair value using significant unobservable inputs (Level 3) during the nine-month period ended September 30, 2016:

	May 2015 Warrants		Conversion feature
December 31, 2015	$	416	$	1
Decrease in fair value of the warrants and conversion feature		(96)		(1)
Increase in fair value as a result of debt modification		281		—
September 30, 2016	$	601	$	—

Fair Value Measurements Based Upon Sensitivity and Nature of Inputs

September 30, 2016:

Description	Valuation technique	Unobservable inputs	Range
May 2015 Warrants	Black-Scholes-Merton	Volatility		60.78	%
		Risk-free interest rate		1.04	%
		Expected term, in years		3.59
		Dividend yield		0.00	%

December 31, 2015:

Description	Valuation technique	Unobservable inputs	Range
Conversion feature	Monte-Carlo model	Volatility		82.46	%
		Risk free interest rate		0.46	%
		Expected term, in years		0.51
		Conversion price	$	10.00

May 2015 Warrants	Black-Scholes-Merton	Volatility		79.13	%
		Risk free interest rate		1.68	%
		Expected term, in years		4.34
		Dividend yield		0.00	%

Fair Value Measurements, Nonrecurring

Fair value measurement at reporting date using

Quoted prices in

active markets

Significant other

Significant

for identical

observable

unobservable

Balance

assets (Level 1)

inputs (Level 2)

inputs (Level 3)

September 30, 2016:

Patents

1,391

—

1,391

Warrants (Tables)

9 Months Ended

Sep. 30, 2016

Warrants and Rights Note Disclosure [Abstract]

Schedule Of Changes In Warrants Activity

The following table summarizes information about warrant activity during the nine-month period ended September 30, 2016:

	No. of warrants		Weighted average exercise price		Exercise price range
December 31, 2015		1,006,679	$	12.92		$5.00 - $17.60
Granted		—		—		—
Exercised		—		—		—
Expired		—		—		—
September 30, 2016		1,006,679	$	9.18		$3.00 - $17.60

Schedule Of Warrants Outstanding

	No. outstanding		Exercise price		Remaining contractual life		Expiration Date
Series 1 Warrants		149,025	$	17.60		0.80 years		July 19, 2017
Series 2 Warrants		194,352	$	17.60		0.80 years		July 19, 2017
Reload Warrants		75,802	$	17.60		0.35 years		February 6, 2017
October 2015 Warrants		50,000	$	5.00		4.54 years		April 15, 2021
Outstanding as of September 30, 2016		469,179

The Company’s outstanding derivative warrants as of September 30, 2016 consist of the following:

No. outstanding

Exercise price

Remaining
contractual life

Expiration Date

May 2015 Warrants

537,500

3.00

3.59 years

May 4, 2020

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details

Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2016

Share-Based Compensation Arrangement By Share-Based Payment Award [Line Items]

Stock Options and Restricted Stock Units Activity

The activity related to stock options and RSUs during the nine-month period ended September 30, 2016 consisted of the following:

	RSUs				Options
	No. of RSUs		Weighted average grant date fair value		No. of options		Weighted average exercise price		Exercise price range		Weighted average grant date fair value
Outstanding at January 1, 2016		53,280	$	36.31		871,484	$	30.65	$	5.10 - 55.00	$	20.49
Granted		10,000	$	2.13		730,000	$	1.66	$	1.55 - 1.92	$	0.89
Vested/Exercised		(63,280)	$	30.91		—		—		—		—
Forfeited		—		—		(100,050)	$	27.88	$	5.90 – 41.00	$	17.04
Expired		—		—		(9,000)	$	55.00	$	55.00	$	26.20
Outstanding at September 30, 2016		—	$	—		1,492,434	$	16.51	$	1.55 – 55.00	$	11.08
Exercisable at September 30, 2016		—		—		995,767	$	23.65	$	1.55 – 55.00

Directors and Employees [Member]

Share-Based Compensation Arrangement By Share-Based Payment Award [Line Items]

Schedule of Options Granted

The following table illustrates the stock options granted during the nine-month period ended September 30, 2016.

Title

Grant date

No. of
options

Exercise
price

Fair market value at
grant date

Vesting terms

Assumptions used in
Black-Scholes option pricing
model

Directors, management and employees

April – June 2016

730,000

$1.55 - $1.92

$0.82 - $1.04

Over 1 year for directors; Over 3 years for management and employees

Volatility: 58.92% - 59.75%
Risk free interest rate: 1.24% - 1.56%
Expected term, in years: 5.31 - 5.81
Dividend yield: 0.00%

Consultant [Member]

Share-Based Compensation Arrangement By Share-Based Payment Award [Line Items]

Schedule of Options Granted

The following table illustrates the RSUs granted during the nine-month period ended September 30, 2016.

Title

Grant date

No. of RSUs

Exercise price

Fair market
value at grant date

Vesting term

Consultant

March 9, 2016

10,000

—

2.13

0.33 years

General (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended		2 Months Ended	9 Months Ended
	Aug. 08, 2016	May 06, 2016	Mar. 09, 2016	Jul. 31, 2016	Mar. 31, 2016	Feb. 29, 2016	Sep. 30, 2016	Sep. 30, 2015	Aug. 15, 2016	Mar. 18, 2016	Dec. 31, 2015	Feb. 18, 2014
Common Stock, Par Or Stated Value Per Share		$ 0.01					$ 0.01				$ 0.01
Debt Instrument, Face Amount							$ 1,749
Repayments of Debt				$ 2,011		$ 1,190	2,011
New Conversion Price of Warrants			$ 3.00
Old Conversion Price of Warrants			$ 10.00
Additional Payment Percentage On Early Repayment				15.00%
Deferred Revenue, Current							453				$ 175
Impairment of Intangible Assets (Excluding Goodwill)		$ 11,937					11,937	$ 0
Finite-Lived Intangible Assets, Net		$ 1,526					$ 3,315				$ 16,476
Rights [Member]
Equity Method Investment, Ownership Percentage										4.99%
Additional Common Stock [Member] \| Rights [Member]
Equity Method Investment, Ownership Percentage										0.50%
Share Price										$ 9.50
Former Unitholders [Member]
Common Stock Owned Percentage	18.00%
Common Stock Owned Percentage On Diluted Basis	33.00%
Infomedia [Member]
Cost Method Investment Ownership Percentage												8.25%
fliCharge International Ltd [Member]
Deferred Revenue, Current									$ 224
FHXMS, LLC [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	2,500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 3.00
Convertible Preferred Stock, Shares Issued upon Conversion	3,958,336
Preferred Stock, Dividend Rate, Per-Dollar-Amount	$ 4.32
Preferred Stock,Conversion Price Per Share	$ 6.00
Convertible Preferred Stock, Terms of Conversion	The Company has the right, but not the obligation, upon ten trading days notice to convert the outstanding shares of FORM Preferred Stock into FORM Common Stock at the then applicable conversion ratio, at any time or from time to time, if the volume weighted average price per share of the FORM Common Stock exceeds $9.00 for over any 20 days in a 30 consecutive trading day period.
FHXMS, LLC [Member] \| Series D Preferred Stock [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	494,792
Preferred Stock, Par Or Stated Value Per Share	$ 0.01
Preferred Stock, Liquidation Preference, Value	$ 23,750
FHXMS, LLC [Member] \| Series C Preferred Stock [Member]
Preferred Stock, Dividend Rate, Percentage	12.00%
Sale of Stock, Number of Shares Issued in Transaction	1,733,826
Sale of Stock, Price Per Share	$ 1.00
Sale of Stock, Consideration Received on Transaction	$ 1,734
FHXMS, LLC [Member] \| Common Stock [Member]
Common Stock, Par Or Stated Value Per Share	$ 0.01
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	2,500,000
FHXMS, LLC [Member] \| Current Stockholders [Member]
Stock Issued During Period, Shares, Acquisitions	750,574
Shares Issued, Price Per Share	$ 2.31
Stock Issued During Period, Value, Acquisitions	$ 1,734
Common Stock Owned Percentage	82.00%
Common Stock Owned Percentage On Diluted Basis	67.00%
Warrant [Member]
Class of Warrant or Right, Outstanding			537,500
Payments for Restructuring			$ 50
New Conversion Price of Warrants			$ 3.00
Old Conversion Price of Warrants			10.00
Senior Secured Convertible Notes Payable [Member]
Common Stock, Par Or Stated Value Per Share			$ 0.01
Debt Instrument, Face Amount			$ 12,500
Debt Instrument, Maturity Date, Description					June 30, 2017
Debt Conversion, Converted Instrument, Shares Issued			703,644
Unregistered Common Stock Issued For Forgiveness Of Debt			$ 1,267
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed					102.00%
Long Term Debt Covenant, Minimum Cash Balance			2,900
Interest Payable			$ 49
Senior Secured Convertible Notes Payable [Member] \| Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage			8.00%
Convertible Notes Payable			$ 1,749
Senior Secured Convertible Notes Payable [Member] \| Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage			10.00%
Convertible Notes Payable			$ 3,016

Accounting and Reporting Policies (Additional Information) (Details) - USD ($) $ in Thousands	1 Months Ended
	Nov. 27, 2015	Dec. 31, 2015
Stockholders' Equity Note, Stock Split	On November 27, 2015, the Company implemented the Reverse Stock Split, which became effective at the opening of trading on the NASDAQ on that date. As of November 27, 2015, every 10 shares of the Companys issued and outstanding common stock were combined into one share of its common stock, except to the extent that the Reverse Stock Split resulted in any of the Companys stockholders owning a fractional share, which was rounded up to the next highest whole share. In connection with the Reverse Stock Split, there was no change in the nominal par value per share of $0.01 and the Companys authorized shares.
Other Current Assets [Member] \| Accounting Standards Update 2015-03 [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets		$ 73

- Definition

Amount of cumulative effect of the change in accounting principle or new accounting pronouncement on retained earnings or other components of equity or net assets in the statement of financial position as of the beginning of the earliest period presented.

+ References + Details

Net Loss per Share of Common Stock (Computation of basic and diluted net losses per common share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share Disclosure [Line Items]
Net loss attributable to shares of common stock	$ (5,261)	$ (11,871)	$ (20,023)	$ (27,356)
Basic common stock shares outstanding	15,473,895	10,246,624	14,880,925	9,688,744
Basic net loss per common stock share	$ (0.34)	$ (1.16)	$ (1.35)	$ (2.82)
Diluted common stock shares outstanding	15,473,895	10,246,624	14,880,925	9,688,744
Diluted net loss per common stock share	$ (0.34)	$ (1.16)	$ (1.35)	$ (2.82)
Net loss per share data presented excludes from the calculation of diluted net loss the following potentially dilutive securities, as they had an anti-dilutive impact:
Total number of potentially dilutive instruments, excluded from the calculation of net loss per share	2,499,113	3,013,438	2,605,033	3,132,486
Basic Numerator [Member]
Earnings Per Share Disclosure [Line Items]
Net loss attributable to shares of common stock	$ (5,261)	$ (11,871)	$ (20,023)	$ (27,356)
Basic Denominator [Member]
Earnings Per Share Disclosure [Line Items]
Weighted average number of shares of common stock outstanding during the period	15,473,895	10,246,624	14,880,925	9,688,744
Basic common stock shares outstanding	15,473,895	10,246,624	14,880,925	9,688,744
Basic net loss per common stock share	$ (0.34)	$ (1.16)	$ (1.35)	$ (2.82)
Diluted Numerator [Member]
Earnings Per Share Disclosure [Line Items]
Net loss attributable to shares of common stock	$ (5,261)	$ (11,871)	$ (20,023)	$ (27,356)
Diluted net loss attributable to shares of common stock	$ (5,261)	$ (11,871)	$ (20,023)	$ (27,356)
Diluted Denominator [Member]
Earnings Per Share Disclosure [Line Items]
Basic common stock shares outstanding	15,473,895	10,246,624	14,880,925	9,688,744
Diluted common stock shares outstanding	15,473,895	10,246,624	14,880,925	9,688,744
Diluted net loss per common stock share	$ (0.34)	$ (1.16)	$ (1.35)	$ (2.82)
Both vested and unvested options to purchase an equal number of shares of common stock of the Company
Net loss per share data presented excludes from the calculation of diluted net loss the following potentially dilutive securities, as they had an anti-dilutive impact:
Total number of potentially dilutive instruments, excluded from the calculation of net loss per share	1,492,434	871,484	1,492,434	871,484
Unvested Restricted Stock Units (“RSU”) [Member]
Net loss per share data presented excludes from the calculation of diluted net loss the following potentially dilutive securities, as they had an anti-dilutive impact:
Total number of potentially dilutive instruments, excluded from the calculation of net loss per share	0	54,323	0	54,323
Warrants to purchase an equal number of shares of common stock of the Company [Member]
Net loss per share data presented excludes from the calculation of diluted net loss the following potentially dilutive securities, as they had an anti-dilutive impact:
Total number of potentially dilutive instruments, excluded from the calculation of net loss per share	1,006,679	956,679	1,006,679	956,679
Conversion feature of Senior Secured Notes [Member]
Net loss per share data presented excludes from the calculation of diluted net loss the following potentially dilutive securities, as they had an anti-dilutive impact:
Total number of potentially dilutive instruments, excluded from the calculation of net loss per share	0	1,130,952	105,920	1,250,000

Business Combination (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	9 Months Ended
	Oct. 15, 2015	Dec. 28, 2015	Sep. 30, 2016	Nov. 27, 2015
Finder [Member]
Business Combination [Line Items]
Aggregate of shares of common stock purchased by warrant			50,000
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 5.00
Former Chief Executive Officer and Director [Member]
Business Combination [Line Items]
Officers' Compensation			$ 9
Common Stock [Member]
Business Combination [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	1,604,167
Preferred Stock, Shares Authorized	5,000
Convertible Preferred Stock, Shares Issued upon Conversion				1,604,167
Warrant [Member]
Business Combination [Line Items]
Fair Value Adjustment of Warrants			$ 114
Unregistered Common Stock [Member]
Business Combination [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	57,500	110,000
Payments to Acquire Businesses, Gross		$ 262
fliCharge International Ltd [Member]
Business Combination [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	70.00%
Equity Method Investment, Ownership Percentage		30.00%
International Development Group Limited [Member]
Business Combination [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	1,666,667
Series B Preferred Stock [Member]
Business Combination [Line Items]
Shares Held In Escrow	240,625
Series A Preferred Stock [Member]
Business Combination [Line Items]
Preferred Stock, Shares Issued	1,604,167

Business Combination (Purchase Price Consideration) (Details) $ in Thousands	Oct. 15, 2015 USD ($)
October 15, 2015 Acquisition:
Series B Preferred Stock	$ 5,378
Debt assumed, settled in shares	193
Total share value issued	$ 5,571

Business Combination (Purchase Price Allocation) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Oct. 15, 2015
Assets:
Cash and cash equivalents			$ 144
Accounts receivable			245
Inventory			234
Prepaid expenses			18
Current Assets			641
Intangible assets			2,146
Goodwill	$ 4,863	$ 4,863	4,863
Total Assets			7,650
Liabilities:
Accounts payable			464
Credit line			270
Accrued expenses			44
Other current liabilities			173
Deferred tax liabilities			866
Total liabilities			1,817
Non-controlling interest in FLI Charge			262
Total			$ 5,571

Intangible Assets (Additional Information) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	May 06, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets		$ 203	$ 819	$ 1,467	$ 2,436
Impairment of Intangible Assets (Excluding Goodwill)	$ 11,937			$ 11,937	$ 0
Carrying Value Percentage Of Patents		88.70%		88.70%
Finite-Lived Intangible Assets, Net	$ 1,526	$ 3,315		$ 3,315		$ 16,476

Intangible Assets (Schedule of Finite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	May 06, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 30,602		$ 30,359
Accumulated Amortization and Impairment	(27,287)		(13,883)
Finite-Lived Intangible Assets, Net	3,315	$ 1,526	16,476
Technology Sector [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	479		479
Accumulated Amortization and Impairment	(81)		(18)
Finite-Lived Intangible Assets, Net	$ 398		461
Weighted average amortization period (years)	5 years 8 months 5 days
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 28,213		28,213
Accumulated Amortization and Impairment	(26,822)		(13,782)
Finite-Lived Intangible Assets, Net	$ 1,391		14,431
Weighted average amortization period (years)	8 years 7 months 6 days
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,163		1,163
Accumulated Amortization and Impairment	(285)		(62)
Finite-Lived Intangible Assets, Net	$ 878		1,101
Weighted average amortization period (years)	3 years 10 months 28 days
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 504		504
Accumulated Amortization and Impairment	(99)		(21)
Finite-Lived Intangible Assets, Net	$ 405		483
Weighted average amortization period (years)	4 years 10 months 24 days
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 243		0
Accumulated Amortization and Impairment	0		0
Finite-Lived Intangible Assets, Net	$ 243		$ 0
Weighted average amortization period (years)	3 years

Intangible Assets (Company's Information) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Oct. 15, 2015
Goodwill	$ 4,863	$ 4,863	$ 4,863
FLI Charge goodwill [Member]
Goodwill			757
Group Mobile goodwill [Member]
Goodwill			$ 4,106

General and administrative expenses (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
XpresSpa Holdings, LLC [Member] \| Selling, General and Administrative Expenses [Member]
Business Combination, Acquisition Related Costs	$ 952	$ 1,008

General and administrative expenses (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

General and administrative expenses

Salaries, commissions, and benefits

$ 1,041

$ 419

$ 2,722

$ 1,504

Stock-based compensation

426

936

1,256

3,560

Legal, merger and acquisition, and financing

1,053

1,436

247

Accounting and audit

150

387

446

Advertising and marketing

110

856

Product development

113

634

Insurance

121

191

516

496

Other general and administrative expenses

992

323

2,405

1,138

Total general and administrative expenses

^[1]

$ 3,955

$ 2,095

$ 10,212

$ 7,391

[1]	[1] Includes stock-based compensation expense, as follows: Operating legal costs General and administrative

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Revenue
Revenues	$ 3,105	$ 0	$ 16,511	$ 150
Segment operating loss:
Operating Loss	(3,777)	(9,690)	(18,098)	(25,018)
Unallocated expenses, net:
Corporate non-operating income (expense), net	(1,484)	(2,181)	(1,925)	(2,338)
Net loss	(5,261)	(11,871)	(20,023)	(27,356)
Assets:
Assets	35,317		35,317		$ 50,459
Corporate Segment [Member]
Segment operating loss:
Operating Loss	(2,911)	(2,095)	(6,527)	(7,391)
Assets:
Assets	24,513		24,513		25,120
Intellectual Property [Member]
Revenue
Revenues	1,350	0	11,000	150
Segment operating loss:
Operating Loss	113	(7,595)	(8,167)	(17,627)
Assets:
Assets	2,485		2,485		17,528
FLI Charge International Ltd [Member]
Revenue
Revenues	4	0	33	0
Segment operating loss:
Operating Loss	(414)	0	(2,191)	0
Assets:
Assets	1,684		1,684		1,583
Group Mobile Goodwill [Member]
Revenue
Revenues	1,751	0	5,478	0
Segment operating loss:
Operating Loss	(565)	$ 0	(1,213)	$ 0
Assets:
Assets	$ 6,635		$ 6,635		$ 6,228

Senior Secured Notes (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	2 Months Ended		9 Months Ended
	Mar. 09, 2016	Jul. 31, 2016	Mar. 09, 2016	Feb. 29, 2016	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Payments of Debt Issuance Costs			$ 50		$ 50	$ 218
Extinguishment of Debt, Amount			$ 210		356	$ 1,409
Debt Conversion, Converted Instrument, Amount					281
New Conversion Price of Warrants	$ 3.00		$ 3.00
Old Conversion Price of Warrants	$ 10.00		$ 10.00
Repayments of Debt		$ 2,011		$ 1,190	$ 2,011
Additional Payment Percentage On Early Repayment		15.00%
Common Stock [Member]
Debt Discount Percentage			15.00%
Senior Notes [Member]
Debt Instrument, Periodic Payment, Principal			$ 1,190
Stock Issued During Period, Shares, New Issues			1,032,332
Unregistered Common Stock Issued For Forgiveness Of Interest on Debt	$ 49
Long-term Debt, Gross							$ 4,206
Debt Conversion, Converted Instrument, Shares Issued	703,644
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	102.00%
Debt Instrument, Maturity Date	Jun. 30, 2017
Debt Conversion, Converted Instrument, Amount	$ 1,267
Long Term Debt Covenant, Minimum Cash Balance	$ 2,900		$ 2,900
Senior Notes [Member] \| Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	8.00%		8.00%
Notes Payable	$ 1,749		$ 1,749
Senior Notes [Member] \| Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage	10.00%		10.00%
Convertible Notes Payable	$ 3,016		$ 3,016

Senior Secured Notes (Details) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended		9 Months Ended
Senior Secured Notes (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Mar. 09, 2016	Feb. 29, 2016	Sep. 30, 2016	Sep. 30, 2015
Book value as of December 31, 2015 (net of unamortized portion of debt issuance costs of $73)		$ 3,111	$ 3,111	$ 3,111
Debt repayments in January and February 2016	$ (2,011)		(1,190)	(2,011)
Amortization of debt discount and debt issuance costs, included in interest expense		356		1,253
Book value of Notes before the Exchange Note Agreement on March 9, 2016		2,277
Fair value of the considerations provided to the Investors, including:
Increase in fair value of May 2015 Warrants due to reduced exercise price				281
Repayment of Notes in shares of common stock				1,267
Repayment of $1,267 of Notes in shares of common stock at a discount to the market				183
Restructuring fee paid to the Investors		50		50	$ 218
Total fair value of the considerations provided to the Investors				1,781
Book value of Amended Notes after the Exchange Note Agreement on March 9, 2016		$ 496	496	496
Early repayment fee of 15% of outstanding principal of $1,749				262
Debt repayments	$ (2,011)		$ (1,190)	(2,011)
Book value of Amended Notes as of September 30, 2016				$ 0

Senior Secured Notes (Parenthetical) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($)
Unamortized Debt Issuance Expense	$ 73
Value of Shares Issued For Reduction of Outstanding Principal Amount	1,267
Debt Instrument, Face Amount	$ 1,749

Fair Value Measurements (Additional Information) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	May 06, 2016	Dec. 31, 2015
Goodwill and Intangible Asset Impairment	$ 11,937
Finite-Lived Intangible Assets, Net	3,315	$ 1,526	$ 16,476
Patents [Member]
Finite-Lived Intangible Assets, Net	1,391		$ 14,431
Assets, Fair Value Disclosure, Nonrecurring	1,391
Patents [Member] \| Fair Value Inputs Level 3 [Member]
Finite-Lived Intangible Assets, Net	1,526
Assets, Fair Value Disclosure, Nonrecurring	$ 1,391

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Warrant [Member]
Liabilities
Derivative liabilities	$ 601	$ 416
Conversion Warrants [Member]
Liabilities
Derivative liabilities	0	1
Fair Value, Inputs, Level 1 [Member] \| Warrant [Member]
Liabilities
Derivative liabilities	0	0
Fair Value, Inputs, Level 1 [Member] \| Conversion Warrants [Member]
Liabilities
Derivative liabilities		0
Fair Value, Inputs, Level 2 [Member] \| Warrant [Member]
Liabilities
Derivative liabilities	0	0
Fair Value, Inputs, Level 2 [Member] \| Conversion Warrants [Member]
Liabilities
Derivative liabilities		0
Fair Value Inputs Level 3 [Member] \| Warrant [Member]
Liabilities
Derivative liabilities	$ 601	416
Fair Value Inputs Level 3 [Member] \| Conversion Warrants [Member]
Liabilities
Derivative liabilities		$ 1

Fair Value Measurements (Changes In Company's Liabilities Measured At Fair Value Using Significant Unobservable Inputs) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($)
May Twenty Fifteen Warrants [Member]
Derivative Liability, Begining period	$ 416
Decrease in fair value of the warrants and conversion feature	(96)
Increase in fair value as a result of debt modification	281
Derivative Liability, Ending period	601
Conversion Warrants [Member]
Derivative Liability, Begining period	1
Decrease in fair value of the warrants and conversion feature	(1)
Increase in fair value as a result of debt modification	0
Derivative Liability, Ending period	$ 0

Fair Value Measurements (Based Upon Sensitivity and Nature of Inputs) (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
May 2015 Warrants [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Volatility	60.78%	79.13%
Risk free interest rate	1.04%	1.68%
Expected term, in years	3 years 7 months 2 days	4 years 4 months 2 days
Dividend yield	0.00%	0.00%
Conversion feature [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Volatility		82.46%
Risk free interest rate		0.46%
Expected term, in years		6 months 4 days
Conversion price		$ 10.00

Fair Value Measurements (Intangible Assets Measured At Fair Value On A Non-Recurring Basis) (Details) - Patents [Member] $ in Thousands	Sep. 30, 2016 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	$ 1,391
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0
Fair Value Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	$ 1,391

Warrants (Additional Information) (Details)	Mar. 09, 2016 $ / shares
Old Exercise Price [Member]
Warrants [Line Items]
Exercise Price	$ 10.00
New Exercise Price [Member]
Warrants [Line Items]
Exercise Price	$ 3.00

Warrants (Schedule Of Changes In Warrants Activity) (Details)	9 Months Ended
	Sep. 30, 2016 $ / shares shares
Maximum [Member]
Warrants [Line Items]
Exercise price range, Beginning Balance	$ 17.60
Warrant [Member]
Warrants [Line Items]
Beginning Balance \| shares	1,006,679
Granted \| shares	0
Exercised \| shares	0
Expired \| shares	0
Ending Balance \| shares	1,006,679
Weighted average exercise price, Beginning Balance	$ 12.92
Weighted average exercise price, Granted	0
Weighted average exercise price	0
Weighted average exercise price, Expired	0
Weighted average exercise price, Ending Balance	9.18
Exercise price range, Granted	0
Exercise price range, Exercised	0
Exercise price range, Expired	0
Warrant [Member] \| Minimum [Member]
Warrants [Line Items]
Exercise price range, Beginning Balance	5.00
Exercise price range, Ending Balance	3.00
Warrant [Member] \| Maximum [Member]
Warrants [Line Items]
Exercise price range, Ending Balance	$ 17.60

Warrants (Schedule of Warrants Outstanding) (Details)	9 Months Ended
Warrants (Schedule of Warrants Outstanding) (Details)	Sep. 30, 2016 $ / shares shares
Warrants [Line Items]
No. outstanding	469,179
Series 1 Warrants [Member]
Warrants [Line Items]
No. outstanding	149,025
Exercise price \| $ / shares	$ 17.6
Remaining contractual life	9 months 18 days
Expiration Date	July 19, 2017
Series 2 Warrants [Member]
Warrants [Line Items]
No. outstanding	194,352
Exercise price \| $ / shares	$ 17.6
Remaining contractual life	9 months 18 days
Expiration Date	July 19, 2017
Reload Warrants [Member]
Warrants [Line Items]
No. outstanding	75,802
Exercise price \| $ / shares	$ 17.6
Remaining contractual life	4 months 6 days
Expiration Date	February 6, 2017
October 2015 Warrants [Member]
Warrants [Line Items]
No. outstanding	50,000
Exercise price \| $ / shares	$ 5
Remaining contractual life	4 years 6 months 14 days
Expiration Date	April 15, 2021
May 2015 Warrants [Member]
Warrants [Line Items]
No. outstanding	537,500
Exercise price \| $ / shares	$ 3
Remaining contractual life	3 years 7 months 2 days
Expiration Date	May 4, 2020

Stock-based Compensation (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Apr. 04, 2016	Dec. 31, 2015
Stockholders Equity [Line Items]
Share-Based Compensation	$ 485	$ 1,066	$ 1,447	$ 4,191
Maximum [Member]
Stockholders Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized						2,100,000
Management Directors and Employees [Member]
Stockholders Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized					2,260,000
Two Thousand Twelve Stock Option Plan [Member]
Stockholders Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	302,510		302,510
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,560,000		1,560,000

Stock-based Compensation (Schedule Of Common Stock Options Granted) (Details) - $ / shares	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Stockholders Equity [Line Items]
No. of options	730,000
Exercise price	$ 16.51	$ 30.65
Fair market value at grant date	0.89
Maximum [Member]
Stockholders Equity [Line Items]
Exercise price	55.00	55.00
Minimum [Member]
Stockholders Equity [Line Items]
Exercise price	$ 1.55	$ 5.10
Management Directors and Employees [Member] \| Employee Stock Option [Member]
Stockholders Equity [Line Items]
Grant Date	April – June 2016
No. of options	730,000
Vesting term	Over 1 year for directors; Over 3 years for management and employees
Volatility Rate, Minimum	58.92%
Volatility Rate, Maximum	59.75%
Risk free interest rate, Minimum	1.24%
Risk free interest rate, Maximum	1.56%
Dividend yield	0.00%
Management Directors and Employees [Member] \| Maximum [Member] \| Employee Stock Option [Member]
Stockholders Equity [Line Items]
Exercise price	$ 1.92
Fair market value at grant date	$ 1.04
Expected term, in years	5 years 9 months 22 days
Management Directors and Employees [Member] \| Minimum [Member] \| Employee Stock Option [Member]
Stockholders Equity [Line Items]
Exercise price	$ 1.55
Fair market value at grant date	$ 0.82
Expected term, in years	5 years 3 months 22 days
Consultant [Member] \| Restricted Stock Units (RSUs) [Member]
Stockholders Equity [Line Items]
Grant Date	March 9, 2016
No. of RSUs	10,000
Exercise price	$ 0
Fair market value at grant date	$ 2.13
Vesting term	0.33 years

Stock-based Compensation (Stock options and RSU activity) (Details)	9 Months Ended
	Sep. 30, 2016 $ / shares shares
Stockholders Equity [Line Items]
No. of options, Outstanding \| shares	871,484
No. of options, Granted \| shares	730,000
No. of options, Vested/Exercised \| shares	0
No. of options, Forfeited \| shares	(100,050)
No. of options, Expired \| shares	(9,000)
No. of options, Outstanding \| shares	1,492,434
No. of options, Exercisable \| shares	995,767
Exercise price range, Outstanding	$ 30.65
Exercise price range, Granted	1.66
Exercise price range, Vested/Exercised	0
Exercise price range, Forfeited	27.88
Exercise price range, Expired	55
Exercise price range, Outstanding	16.51
Exercise price range, Exercisable	23.65
Weighted average grant date fair value, Outstanding	20.49
Weighted average grant date fair value, Granted	0.89
Weighted average grant date fair value, Vested/Exercised	0
Weighted average grant date fair value, Forfeited	17.04
Weighted average grant date fair value, Expired	26.2
Weighted average grant date fair value, Outstanding	11.08
Restricted Stock [Member]
Stockholders Equity [Line Items]
Weighted average grant date fair value, Outstanding	36.31
Weighted average grant date fair value, Granted	2.13
Weighted average grant date fair value, Vested/Exercised	30.91
Weighted average grant date fair value, Forfeited	0
Weighted average grant date fair value, Expired	0
Weighted average grant date fair value, Outstanding	0
Weighted average grant date fair value, Exercisable	$ 0
Beginning Balance \| shares	53,280
No. of RSUs, Granted \| shares	10,000
No. of RSUs, Vested/Exercised \| shares	(63,280)
No. of RSUs, Forfeited \| shares	0
No. of RSUs, Expired \| shares	0
Ending Balance \| shares	0
No. of RSUs, Exercisable \| shares	0
Minimum [Member]
Stockholders Equity [Line Items]
Exercise price range, Outstanding	$ 5.10
Exercise price range, Granted	1.55
Exercise price range, Forfeited	5.90
Exercise price range, Outstanding	1.55
Exercise price range, Exercisable	1.55
Maximum [Member]
Stockholders Equity [Line Items]
Exercise price range, Outstanding	55.00
Exercise price range, Granted	1.92
Exercise price range, Forfeited	41.00
Exercise price range, Outstanding	55.00
Exercise price range, Exercisable	$ 55.00

Related Parties Transactions (Additional Information) (Details) - Redridge Lender Services LLC [Member] $ in Thousands	3 Months Ended
	Sep. 30, 2016 USD ($)
Related Party Transaction [Line Items]
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	$ 10
XpresSpa Engagement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	101
Other MA Projects Engagement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	$ 60

Commitments and Contingencies (Additional Information) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 29, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Loss Contingencies [Line Items]
Rental expense for operating leases		$ 109	$ 91	$ 327	$ 274
NEW YORK
Loss Contingencies [Line Items]
Operating Lease Rent Expense Annual Fee	$ 403
Lease Expiration Date	Oct. 31, 2019
Office Space In Chandler AZ [Member]
Loss Contingencies [Line Items]
Operating Lease Rent Expense Annual Fee	$ 72
Lease Expiration Date	Jun. 30, 2016
Fli charge [Member]
Loss Contingencies [Line Items]
Deferred Revenue		$ 224		$ 224